Nomura Taps GMO to Explore JPY and USD Stablecoins in Japan

Nomura Group makes a play for the Japanese market with a new partnership.

Robot testing out stablecoins in Japan.
Created by Kornelija Poderskytė from DailyCoin
  • Nomura Group has announced a new partnership.
  • The partnership has brought together three companies.
  • The companies will explore stablecoin issuance.

Nomura Holdings, Inc. and its digital asset subsidiary Laser Digital have partnered with GMO Internet Group to explore stablecoin issuance in Japan, the companies jointly announced on Monday.

GMO Internet is the parent company of Trust Company, an issuer of regulatory-compliant stablecoins like GYEN and ZUSD on various blockchains. The subsidiary operates under the regulatory framework of the New York State Department of Financial Services.

Exploring JPY and USD-pegged Stablecoins

In a press release dated May 27, the three companies said their proposed partnership will explore the issuance, redemption, and circulation mechanisms of JPY and USD stablecoins in the Japanese market.


While Nomura will leverage Laser Digital’s extensive expertise in crypto trading, asset management, and venture investment to support the project, GMO plans to contribute more on the technology side. This includes facilitating a robust crypto management platform for monitoring transactions and operations.

Laser Digital Executive Chairman Steve Ashley lauded the collaboration, noting that it was poised to transform the digital assets industry in Japan and beyond.

“As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond,” Ashley stated.

The three companies also plan to create a “Stablecoin-as-a-Service” solution for stablecoin issuers, whose offerings will include regulatory compliance management, blockchain technology integration, and backend transaction management


Stay updated on Metaplanet’s Bitcoin move in Japan:
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Read about OKX’s exit from Hong Kong’s crypto trading market:
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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.