According to Foresight News, Nomura Securities has announced a partnership with GMO Internet, the parent company of stablecoin issuer GMO-Z. The collaboration aims to explore the issuance of USD and JPY stablecoins in Japan, and provide stablecoin-as-a-service solutions in the Japanese market.
GMO-Z holds a New York State Department of Financial Services (NYDFS) trust license, and its stablecoins GYEN and ZUSD can be used on Ethereum, Solana, and Stellar blockchains. The partnership between Nomura Securities' digital asset subsidiary, Laser Digital, and GMO Internet is expected to leverage these capabilities to enhance the digital asset landscape in Japan.
