JPYC Raises $38M In Series B Extension To Expand Operations And Stablecoin Reach - Blockzeit
JPYCInc. , issuer of Japan’s first regulated yen stablecoin, has raised ¥6 billion to fund the expansion of its products and services across TradFi and Web3. Amazon-partnered AZ-COM Maruwa has doubled down on. . .
JPYCInc. , issuer of Japan’s first regulated yen stablecoin, has raised ¥6 billion to fund the expansion of its products and services across TradFi and Web3. Amazon-partnered AZ-COM Maruwa has doubled down on the company with a substantial investment after revealing its plans to integrate the JPYC stablecoin in its logistics business. JPYC Inc. has successfully raised more funds to expand its business and foster the broader adoption of the JPYC stablecoin, the world’s first regulated Japanese yen-denominated stablecoin. On Wednesday, the companyannouncedthat it secured ¥6 billion (approximately $38. 013 million at prevailing exchange rates) in a recent Series B funding extension. Purpose of JPYC’s ¥6 Billion Extended Series B Fund RaiseThe company said it will allocate the proceeds of the latest Series B funding round extension to widen its reach in both the traditional finance (TradFi) andWeb3sectors. It also aims to boost the social implementation of the JPYC stablecoin. The move aligns with JPYC’s “Basic Policy on Economic and Fiscal Management and Reform 2026 (Basic Policy 2026)” strategy approved by its Cabinet on July 21. The policy highlighted the importance of promoting on-chain finance andAI(artificial intelligence) transformation to reduce the friction often associated with transaction settlement through stablecoins. Additionally, the paper discussed the vital role of blockchain for data management and workflows, especially in logistics. AZ-COM Maruwa Holdings, Amazon’s delivery partner in Japan, was among the new investors in JPYC’s Series B round extension. It didn’t disclose the amount it poured into the stablecoin issuer. Nonetheless, the decision indicates a major stamp of institutional approval from one of the largest logistics chains in the Asian financial giant just after the two forged a long-term partnership last month. Beyond its investment in JPYC,AZ-COM Maruwahas previously committed to using the company’s yen stablecoin. The integration seeks to streamline its movement of value across 2,300 logistics partners. It would include driver salaries to enable near-real-time, low-cost disbursements and cross-border operational settlements. The corporate shift leverages the favorable regulatory climate in Japan. It comes hot on the heels of the approval of the country’s revised Payment Services Act (PSA). The same factor paved the way for yet another major institutional adoption of the JPYC. July likewise markedLawson, a convenience store chain in Japan, piloting the JPYC stablecoin’s use in its POS (Point of Sale) system at the Takanawa Gateway City chain in Minato Ward, Tokyo. It aims to assess the real-world use case of the digital asset in in-store cashless payments to determine whether it’s feasible to roll it out across its more than 14,700 stores nationwide. What’s your Reaction?+10+10+10+10+10+10+10Giancarlo PerlasGiancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, tokenization, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc. , the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.