Today Nomura announced a collaboration involving its digital assets subsidiary Laser Digital and GMO Internet, the parent of GMO-Z, which issues New York-regulated stablecoins. Together they plan to explore the issuance of dollar and yen stablecoins in Japan and provide a stablecoin-as-a-service solution within the Japanese market.
GMO-Z holds a New York State (NYDFS) Trust Charter, the same license held by stablecoin issuers Paxos and Gemini Trust. Its GYEN and ZUSD stablecoins are available on the Ethereum, Solana and Stellar blockchains.
“This project has the potential to greatly enhance digital asset accessibility and innovation in the Japanese financial landscape,” said Kentaro Okuda, President and Group CEO, Nomura Holdings.
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