Japanese stablecoin issuer JPYC has raised $38 million in an extended Series B funding round to expand its regulated digital payment infrastructure across Japan. The round was led by logistics company AZ-COM Maruwa with participation from existing investor Metaplanet Ventures.
Founded in 2019, JPYC became Japan’s first registered stablecoin issuer under the amended Payment Services Act after launching its yen-backed token in October 2025. Each token is fully backed by yen bank deposits and Japanese government bonds, redeemable for fiat currency. The company generates revenue from reserve assets rather than transaction fees. The new capital will fund product development, compliance expertise, and scaling of payment infrastructure for both consumer and business-to-business markets.
For JPYC’s expanding client base, the financing underscores rising confidence in Japan’s secure and governed digital currency infrastructure amid growing enterprise adoption. Japanese businesses increasingly seek blockchain payment methods offering speed, efficiency, and strong regulatory compliance across commercial operations. Japan’s regulatory framework encourages innovation while protecting market participants and maintaining financial system stability nationwide.
A key development from the funding is AZ-COM Maruwa’s commitment to use JPYC for routine business payments. The logistics firm plans to pay approximately 2,300 business partners, contractors, and transport operators using the stablecoin, aiming to improve payment speed and reduce costs and administrative burden. JPYC is also piloting payments with Lawson convenience stores and plans to integrate payment processing with delivery confirmation systems to enable automatic settlement upon verified delivery.
Japan has become a leading regulated stablecoin market, with government policies encouraging blockchain-based financial innovation. Enterprise demand is shifting stablecoins beyond cryptocurrency trading into operational finance such as payroll, contractor settlements, and merchant payments. JPYC believes this transition will drive sustainable network growth through real business activity rather than speculative trading.
Competition is increasing as major financial institutions enter the sector. SBI recently launched its trust-backed JPYSC stablecoin, while MUFG, SMBC, and Mizuho are jointly developing another regulated digital currency platform. Despite this, JPYC says its regulated framework, expanding commercial partnerships, and focus on payment infrastructure position it for continued growth as Japan’s digital payments ecosystem matures.
The investment highlights growing faith in Japan’s secure and governed digital currency infrastructure. As more Japanese companies explore blockchain-powered payment systems under the country’s stablecoin regulatory framework, JPYC’s expansion could accelerate the adoption of regulated digital money in everyday commercial transactions.
