JPYC's Series B closes at 6bn yen, most of it raised already
The yen stablecoin issuer says the extension takes the round to about 6bn yen cumulatively, with a listed logistics group aboard.
Issuer
JPYC
Tokyo issuer of JPYC, a yen stablecoin redeemable one for one against the yen and backed by yen deposits and Japanese government bonds, issued under a funds transfer operator registration held since August 2025.
The profile
JPYC Inc issues JPYC, a yen-denominated stablecoin exchangeable one for one with the yen and backed by yen deposits and Japanese government bonds. The company took a funds transfer operator registration in August 2025 and describes itself as the first domestic funds transfer operator to issue a yen stablecoin; the coin runs on Avalanche, Ethereum, Polygon and Kaia. Its releases report 18,000 accounts opened, cumulative issuance of 2.5bn yen and total transaction volume above 35bn yen as at 18 May 2026, figures that describe flow rather than the amount outstanding. In July 2026 it agreed a capital and business alliance with AZ-COM Maruwa Holdings, a listed logistics group whose network it puts at 2,968 member companies, to build a settlement platform paying that network's subcontracted drivers, employees and suppliers in the coin. That is an unusual place for a stablecoin issuer's growth capital to come from, and it points the business at business-to-business payments in a market where the yen has no comparable private settlement rail rather than at exchange float.
Products and services
- JPYC
- Yen stablecoin redeemable one for one against the yen, reserves held in yen deposits and Japanese government bonds, issued under a funds transfer operator registration and circulating on Avalanche, Ethereum, Polygon and Kaia.
Coverage
Developments in which JPYC is a named party, newest first.
On the record
JPYC closes a Series B extension with a logistics group aboard
JPYC Inc said on 5 August 2026 that an extension of its Series B round had taken the round to approximately 6bn yen cumulatively, with AZ-COM Maruwa Holdings as the investor. Its own release of 22 May put that figure at approximately 5bn yen. The two had agreed a capital and business alliance on 22 July to build a settlement platform paying the logistics group's network in the yen stablecoin.