Nomura Holdings and Laser Digital will work with GMO Internet Group to explore issuing JPY and USD stablecoins in Japan.
GMO-Z.com Trust Company, Inc., the US subsidiary of GMO Internet Group, issues stablecoins on major blockchains such as Ethereum, Stellar and Solana under the regulatory framework of the New York State Department of Financial Services. GMO-Z.com Trust Company operates a robust system that supports the secure management of digital currencies. this system supports multiple technology platforms and includes functions to track transactions and forex operations.
Nomura Holdings, through Laser Digital, will support the issuance of stablecoins in Japan by contributing its extensive expertise in digital asset trading, asset management and venture capital to the project.
The proposed partnership will explore the mechanisms of issuing, redeeming and circulating JPY and USD stablecoins. In addition, it also includes the provision of a “Stablecoin-as-a-Service” solution aimed at supporting companies that issue stablecoins. This service will include regulatory compliance management, blockchain technology integration and support transaction management.
GMO Internet Group, Inc., Masatoshi Kumagai, Founder, President and Group CEO, said:
“We are grateful to be working with Nomura Group to explore the issuance of stablecoins in the Japanese market. Their infrastructure and heritage, along with Laser Digital’s expertise, are paramount to the success of this project in Japan.”
Nomura Holdings, Inc. Kentaro Okuda, Group President and CEO, added:
“As stablecoins will inevitably play an important role in the financial markets, Nomura and its Digital Asset subsidiary Laser Digital are excited to work with GMO to explore the mechanisms of issuing, acquiring and launching a JPY/USD stablecoin business in Japan. This project has the potential to significantly improve accessibility and innovation in digital assets in the Japanese financial landscape.”
Laser Digital, Steve Ashley, Executive Chairman, said:
“We are excited to explore this project and the stablecoin-as-a-service solution. As the digital asset landscape evolves, developing a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.”