Japanese stablecoin issuer JPYC has raised 6 billion Yen (approximately $38 million) in an extended Series B funding round, bringing its total funding raised since 2021 to roughly $106 million. The company intends to use the capital to accelerate adoption of its regulated Yen-backed stablecoin.

The latest round added Japanese logistics firm AZ-COM Maruwa Holdings as a strategic investor. The two companies plan to integrate JPYC into logistics and payment operations. AZ-COM is expected to use the stablecoin to settle payments with approximately 2,300 contractors and business partners, including truck drivers — a deployment that would rank among Japan's first large-scale enterprise stablecoin payment implementations. The planned logistics deployment would test stablecoins in a high-volume, low-margin sector where fast settlement and reduced transaction costs could address real operational frictions in Japan's extensive supply chain networks.

JPYC stated that the fresh capital will be directed toward expanding its financial and Web3 ecosystem, with a focus on payments, remittances, and broader real-world applications of its Yen-pegged stablecoin. The company has also been testing stablecoin payments with retailers such as convenience store chain Lawson, as it seeks to extend its reach beyond crypto-native use cases.

The fundraising comes amid growing institutional and policy interest in regulated stablecoins and on-chain finance. Japan enacted stablecoin legislation in June 2023 through amendments to the Payment Services Act and the Trust Business Act, establishing a legal framework that recognizes stablecoins as digital money and restricts their issuance to licensed banks, trust companies, and registered wire transfer agencies. Japan was among the first major economies to enact dedicated stablecoin legislation, giving regulated projects like JPYC a comparatively clear operating environment at a time when other jurisdictions were still developing their frameworks.

While dollar-backed stablecoins such as Tether (USDT) and Circle's USDC continue to dominate the roughly $315 billion global stablecoin market, Japanese policymakers have increasingly supported domestic Yen-denominated alternatives as part of efforts to strengthen the country's digital payments infrastructure. JPYC's progress in securing enterprise partners will be a metric to watch as Japan's regulated stablecoin sector moves from pilot programs toward broader commercial deployment.

JPYC, founded in 2020, positions itself as a pioneer among Japanese stablecoin projects and has been working to bridge traditional financial services with blockchain-based payment solutions.

Source: BitcoinKE