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JPYC Raises $38 Million With AZ-COM Maruwa

AZ-COM Maruwa wants to use JPYC for payments across its logistics network, including at Amazon Japan. That gives the FSA-approved yen stablecoin its first major business use case.

By Mike Hesp
• 1 min read
JPYC Raises $38 Million With AZ-COM Maruwa

Key Takeaways

  • JPYC Inc. raised 6 billion yen, or $38 million, in an extension of its Series B round.
  • AZ-COM Maruwa Holdings wants to settle JPYC payments with customers and about 2,300 partners.
  • JPYC is Japan's first yen-pegged stablecoin and was approved by the Financial Services Agency.

JPYC Inc. has raised 6 billion yen, or $38 million (€32.9 million), through an extension of its Series B round. The new capital is intended to accelerate the rollout of the yen-pegged stablecoin and lifts JPYC's total funding to $106 million (€91.7 million) since November 2021.

AZ-COM Steps In

Among the new backers is AZ-COM Maruwa Holdings (9090), a large Japanese logistics company. It plans to use JPYC to settle payments with customers, including Amazon Japan. The companies say that reach extends across roughly 2,300 partners, from subcontractors to drivers.

That makes this the first major business use case for a stablecoin in Japan's day-to-day operations. JPYC launched in October 2025 as the country's first yen-pegged stablecoin and is fully backed by yen deposits and Japanese government bonds. The Financial Services Agency approved the issuance under the Payment Services Act.

Yen Stablecoins Are Gaining Ground

According to CoinGecko, JPYC has a market value of about $55.5 million (€48 million), which makes it one of the best-known yen stablecoins. Even so, the broader stablecoin market is still dominated by dollar-linked tokens, leaving yen-based versions relatively small in comparison.

Still, the category is picking up speed in Japan. Big financial names such as Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corp, and Mizuho Bank are developing their own yen stablecoins, while the government has also tightened the rules for stablecoin services. For European crypto readers, the deal is another sign that stablecoins are moving beyond trading and into real payment infrastructure.

Corporate interest in JPYC also fits a wider push toward practical payment use cases. For instance, Lawson tested stablecoin payments in a Tokyo store earlier as a trial run for broader adoption.

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