Home Digital Web Assets Nomura and GMO Launch Stablecoin in Japan

Nomura and GMO Launch Stablecoin in Japan

0

Nomura and GMO Internet Group Form Strategic Alliance for Stablecoin Issuance in Japan

Nomura Holding and GMO Internet Group have entered into a strategic partnership to launch stablecoins in Japan. These digital currencies will be issued in Japanese yen and US dollars, aiming to enhance the accessibility and innovation of digital assets within the Japanese financial market. The collaboration also includes Laser Digital Holdings, a subsidiary of Nomura that specializes in digital asset trading and management solutions.

The partnership intends to explore the mechanisms of issuing, redeeming, and circulating stablecoins, alongside providing a “Stablecoin-as-a-Service” solution. This service is designed to assist companies with issuing stablecoins, ensuring regulatory compliance, integrating blockchain technology, and managing backend transactions.

Kentaro Okuda, the CEO of Nomura Holdings, emphasized the significant role stablecoins are expected to play in financial markets and expressed enthusiasm about the potential impact of their stablecoin project in Japan.

In addition, Nomura’s digital assets division, Laser Digital, has made a strategic investment in MANTRA, a blockchain platform focusing on the tokenization of real-world assets. This investment aims to establish MANTRA as a leading blockchain platform in the Middle East and Asia for asset tokenization. Laser Digital’s involvement is expected to bolster the implementation of real-world asset tokenization in these markets, leveraging its expertise and licenses obtained from regulatory authorities in Dubai and Abu Dhabi in 2023.

*Disclaimer: This summary is for informational purposes only and does not constitute financial, investment, or other advice. Cryptocurrency investments carry a risk of financial loss.*

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version