JPYC pulled in $38 million in a Series B extension, with AZ-COM Maruwa Holdings joining as the latest investor. The logistics operator plans to pay 2,300 of its employees using the token, marking one of the first real-world salary experiments for a yen stablecoin.
The round pushes the total funding to about 6 billion yen since February, when the initial close raised 1.78 billion yen led by Asteria Corporation. Corporate Japan showed up for the ride, with BitFlyer Holdings, Meiji Yasuda Life Insurance vehicles, and West Japan Railway among the backers. An April close added another 2.8 billion yen from players like NCB Venture Capital and Metaplanet. Now AZ-COM Maruwa's roughly 1 billion yen investment seals the deal.
JPYC launched in October 2025 as Japan's first licensed yen stablecoin, with every token backed by real yen deposits and government bonds in reserve. The issuer sits in Tokyo and competes in a market where the government is actively pushing yen-denominated tokens as alternatives to dollar-pegged stablecoins that dominate global crypto payments.
AZ-COM Maruwa runs one of Japan's largest trucking and warehousing networks. Amazon Japan counts as one of its major clients. Using JPYC to pay 2,300 workers turns the company into a test case for domestic stablecoin adoption at scale, though the total employee base is much larger.
This article is informational only and not financial advice. Stablecoin investments carry regulatory, counterparty, and reserve risks.
