AZ-COM Maruwa Holdings plans to use the yen-backed JPYC stablecoin for payments with around 2,300 logistics partners, according to Nikkei. The company intends to use JPYC for outsourcing costs and other business payments linked to logistics operations. The project could become one of Japan’s largest corporate payment programs using a regulated stablecoin.
The firm also plans a ¥1 billion investment in JPYC and intends to form a strategic partnership with the stablecoin issuer. The report described the project as “expected to become Japan’s first large-scale corporate use of JPYC.” The payment program would expand JPYC beyond limited consumer testing and cryptocurrency services into daily business transactions across a nationwide logistics network.
AZ-COM Maruwa Holdings provides transportation, warehousing, delivery, and third-party logistics services across Japan. A corporate payment system would place stablecoin transactions into routine business activity involving thousands of transport businesses and self-employed drivers. The full launch schedule and payment process have not yet been announced.
JPYC Payment System Prepares for Corporate Use
On October 27, 2025, JPYC started issuing its regulated yen-backed stablecoin. Each token holds a one-to-one value with the Japanese yen. Reserve assets include bank deposits and Japanese sovereign bonds, while issuance and redemption take place through JPYC EX.
The company behind JPYC has not released details explaining how transport partners will receive, store, or convert digital tokens into cash. Practical operation across thousands of payment recipients will determine whether logistics partners continue using JPYC or convert balances into yen after receiving payments.
The large-scale logistics rollout stands apart from earlier consumer projects because the payment system would serve thousands of companies and independent drivers at one time. The planned program offers a broad test of stablecoin use for regular corporate settlements instead of isolated retail purchases.
Stablecoin Activity Expands Across Japan
Retail payment testing continues alongside logistics plans. Lawson intends to begin a JPYC payment trial in August 2026 at a convenience store located in Takanawa Gateway City, allowing customers to make payments through a smartphone-linked payment system.
JPYC has also entered financial research through a project involving Metaplanet. The study examines how yen-denominated stablecoin liquidity could work with Bitcoin-backed credit products using JPYC for lending and settlement, while also assessing the role of Bitcoin collateral.
Japan has introduced legal rules covering stablecoin reserves as usage continues to grow. Regulators require reserve assets to comply with specific requirements for government bonds. JPYC said reserve holdings will remain mostly in Japanese government bonds, while the remaining funds will be kept in bank deposits.
