Japan’s JPYC Raises $38 Million in Series B Funding
JOON HYOUNG LEE
Summary
- Japanese stablecoin issuer JPYC said it has raised $38 million in new funding.
- It said it had completed a Series B round backed by investors including AZ-COM and Maruwa Holdings.
- JPYC said it plans to use the new funds to expand real-world use cases by strengthening its presence in financial services such as payments and remittances and deepening ties with Web3 services.
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JPYC, a Japanese issuer of yen-denominated stablecoins, has raised $38 million in new funding.
JPYC said on Aug. 6 that it had completed a $38 million Series B funding round. Investors included Japanese logistics company AZ-COM and Maruwa Holdings.
The company plans to use the funds to expand real-world use cases for its stablecoin, including in payments and remittances. It also aims to strengthen integration with various Web3 services.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul