Nomura partners with GMO to explore stablecoin issuance in Japan
Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of fiat-backed stablecoins in Japan. The collaboration, according to an announcement published on Monday, 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. Eyeing the stablecoin market in Japan As well as JPY and USD stablecoin s, Nomura and GMO plan to offer a “Stablecoin-as-a-Service” solution. The project will support companies looking to issue stablecoin s for the Japanese market. Users of this new service will benefit from aspects such as re...