Nomura Partners With GMO To Explore Stablecoin Issuance In Japan
Japanese banking and investment giant Nomura Holdings is partnering with GMO Internet Group to explore the issuance of fiat-backed stablecoins in Japan.
The collaboration will see Nomura Holdings, through its digital assets arm Laser Digital, support the issuance, redemption, and circulation of Japanese yen (JPY) and US dollar- (USD) denominated stablecoins.
The “Stablecoin-as-a-Service” solution will offer aspects such as regulatory compliance management, blockchain integration, and backend transactions management.
Nomura will contribute to the project through its expertise in crypto trading, asset management, and venture investment, while GMO will provide technological expertise.
The partnership is expected to enhance digital asset accessibility and innovation in the Japanese financial landscape.
You need to login in order to Like
