International Ocean Discovery Program (IODP) Expedition 350 drilled Site U1437 in a submarine volcano-bounded basin situated in the modern Izu-Bonin rear-arc, NW Pacific Ocean. Subaqueous volcaniclastic sediments and rocks with a maximum deposition age of 15.4 ± 0.8 Ma were recovered from 0 to 1,806.5 m below seafloor (mbsf). In order to document post-depositional processes in such geological setting, we describe variations in bulk and clay mineralogy over the entire volcaniclastic succession. Four alteration stages (1, 2, 3 and 4) were identified through the occurrence and development of diagenetic background mineral assemblages (smectite ± Na-Ca zeolites ± illite) that were further superimposed by hydrothermal alteration. Stages 1 and 2 are characterized by diagenetic reactions linked with low fluid/rock interactions that enabled glass devitrification and subsequent lithification under burial conditions. Stages 3 and 4 are characterized by moderate to pervasive alteration processes that are well developed in coarser-grained rocks, and that may be induced by thermal pulses associated with fluid inputs. Below 1,460 mbsf, infilling and replacement textures overprinted the background alteration and can be directly linked with the development of two hydrothermal mineral assemblages: (i) ordered C/S (chlorite-smectite mixed-layers) ± chlorite ± albite, and (ii) calcite ± chalcedony ± anhydrite ± laumontite. Both assemblages evidence relatively low-temperature (up to 225 °C) hydrothermal activity that affected subaqueous volcaniclastic rocks at Site U1437. These assemblages are comparable with propylitc alteration facies present in ore-bearing hydrothermal systems. The preferential development of alteration mineral assemblages in high-permeability, coarse-grained lithofacies, reflects the significant influence of the physical properties of volcaniclastic rocks with depth on chemical kinetics, in comparison with those imposed by the local geothermal gradient.