Nomura and Laser Digital Partner with GMO to Launch a Stablecoin in Japan
Nomura, a prominent Japanese bank, has teamed up with its digital asset division, Laser Digital, and GMO Internet Group, a Japan-based company, to explore the possibility of issuing stablecoins in Japan.
According to a joint statement released on Monday, the partnership aims to investigate the potential of issuing stablecoins denominated in Japanese yen and US dollars, as well as providing “stablecoin-as-a-service” solutions for businesses looking to create their own stablecoins.
This may include services for managing regulatory compliance, integrating blockchain technology, and facilitating backend transactions.
The collaboration will also allow Nomura and Laser Digital to focus on expanding their involvement in cryptocurrency trading, asset management, and venture investment, while GMO will bring its expertise in technology to the partnership.
