JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021.
Japanese yen stablecoin issuer JPYC has successfully extended its Series B funding round, raising an additional 1 billion yen ($38 million) to bring the total investment to around 6 billion yen ($38 million). The company announced that Japanese logistics group AZ-COM Maruwa Holdings has become the latest investor in the round. JPYC intends to utilize the funds to bolster its financial and Web3 ecosystem while promoting the adoption of its yen-pegged stablecoin.
Although the company did not disclose the exact amount raised through the extension or AZ-COM's specific investment, the cumulative total of the round increased by approximately 1 billion yen since May.
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- Yen stablecoin issuer JPYC’s Series B reaches $38M cointelegraph.com
