Odaily Planet Daily reports that JPYC has announced a cumulative Series B funding of approximately $38 million, with new investor AZ-COM Maruwa Holdings investing approximately $6.3 million. The project primarily focuses on issuing the Japanese yen stablecoin JPYC, and the funds will be used to expand its financial and Web3 ecosystem and drive real-world adoption of JPYC.
JPYC Completes $38M Series B Funding Round with AZ-COM Maruwa Holdings
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Summary
JPYC project funding update: The Japanese yen stablecoin issuer has raised $38 million in a Series B round, with AZ-COM Maruwa Holdings leading a $6.3 million investment. The project will use the capital to expand its financial and Web3 ecosystem, including initiatives around real-world assets (RWA). JPYC aims to enhance real-world applications for its stablecoin.
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