Japanese Stablecoin Firm JPYC Secures $38 Million in Series B Extension

Japan’s registered stablecoin issuer JPYC has secured 6 billion yen, or about $38 million, through an extended Series B funding round as the company expands its payment network and Web3 services across the country.

JPYC Completes Extended Series B Funding Round

JPYC announced that it has raised a cumulative 6 billion yen through its extended Series B financing. The company said the new capital will support expansion of its financial infrastructure, Web3 ecosystem, and wider adoption of its yen-backed stablecoin.

The latest extension includes a 1 billion yen investment from Tokyo-listed logistics company AZ-COM Maruwa Holdings. Earlier this year, Metaplanet Ventures also invested 400 million yen into the funding round.

Coingape previously reported that Japan has continued advancing digital asset and stablecoin initiatives as regulated issuers expand their services.

JPYC launched last October as Japan’s first registered stablecoin. Since then, the company has expanded commercial partnerships while preparing new payment use cases for businesses and consumers.

Logistics and Retail Adoption Expands

AZ-COM Maruwa plans to use JPYC to pay transportation fees and salaries to about 2,300 logistics partners and independent contractors, including truck drivers. The company expects faster settlements and more frequent payments than traditional bank transfers.

The logistics provider also views stablecoin payments as a way to strengthen relationships with business partners while responding to labor shortages linked to Japan’s aging workforce and stricter overtime regulations.

JPYC is also expanding into retail payments. Lawson has launched a pilot program that allows customers to test stablecoin payments using existing point-of-sale systems instead of separate payment terminals.

The first trial uses HashPort Wallet with JPYC at Lawson’s Takanawa Gateway City store. A second proof-of-concept will allow invited participants to pay with JPYC, USDC, and USDT through MetaMask at another Lawson location.

The retailer is evaluating settlement speed, wallet integration, transaction processing, and store operations before considering broader deployment.

Japan’s Stablecoin Market Continues to Grow

Japan’s regulated stablecoin market has attracted growing participation from financial institutions and private companies. SBI Group recently introduced plans for its trust bank-backed stablecoin, JPYSC, while MUFG, SMBC, and Mizuho continue developing a jointly issued yen-backed stablecoin.

SBI Holdings also Said that SBI Solana Global will operate as a new entity based on SBI R3 Japan, with the Solana Foundation joining SBI Holdings and Sumitomo Mitsui Financial Group as shareholders.

JPYC has also expanded payment acceptance beyond retail stores. Selected Chibo restaurant locations and several dental clinics in Tokyo and Chiba are preparing to accept the stablecoin through HashPort’s payment infrastructure.

Company representatives said the Series B proceeds will accelerate ecosystem development and support broader commercial adoption as regulated stablecoin payments continue expanding across Japan.

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