Nomura and GMO Partner to Explore Stablecoin Issuance in Japan

• Nomura and Laser Digital partner with GMO Internet Group for stablecoin issuance in Japan.
• Plan to explore Japanese yen- and U.S. dollar-denominated stablecoins.
• Offering "stablecoin-as-a-service" products for companies.
• Nomura and Laser Digital focus on crypto trading, asset management, and venture investment.
• GMO to contribute more on the technology side of the partnership.
• Goal is to expand accessibility and adoption of digital assets in Japan and beyond.

Summary :
Japanese banking giant Nomura and its digital asset arm, Laser Digital, have partnered with GMO Internet Group to explore the issuance of stablecoins in Japan. The partnership aims to explore the issuance, redemption, and circulation of stablecoins denominated in Japanese yen and U.S. dollars. Additionally, they plan to offer "stablecoin-as-a-service" products to assist companies in issuing stablecoins, which will include regulatory compliance management, blockchain integration, and backend transaction management. Nomura and Laser Digital will focus on crypto trading, asset management, and venture investment, while GMO will contribute more on the technology side. This collaboration is seen as a crucial step in expanding the accessibility and adoption of digital assets in Japan and beyond. Previously, GMO's U.S. subsidiary issued stablecoins on various blockchains.

Sources :

- TheBlock