Nomura and GMO Collaborate on Japanese Stablecoin Issuance

Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet infrastructure, online advertising, and fintech services. The collaboration aims to explore the issuance of stablecoins denominated in JPY and USD in Japan. GMO’s U.S. subsidiary has prior experience in issuing regulated stablecoins under New York’s regulatory framework. This joint initiative will develop a comprehensive “Stablecoin-as-a-Service” platform, focusing on aspects such as regulatory compliance, blockchain integration, and transaction management. The goal is to enhance digital asset accessibility and foster innovation within Japan’s financial sector, leveraging the combined expertise of Nomura’s financial services, Laser Digital’s digital asset capabilities, and GMO’s tech-driven approach.