These 3 Companies Want to Offer “Stablecoin-as-a-Service” in Japan


Nomura
Holdings, Inc., a global financial services group, and its digital asset
subsidiary, Laser Digital Holdings AG, have announced a strategic partnership
with GMO Internet Group, Inc. to explore the issuance of Japanese yen (JPY) and
US dollar (USD) stablecoins in Japan.

This
collaboration aims to leverage each company’s experience to provide a secure
stablecoin solution for the Japanese market. GMO Internet Group, through its US
subsidiary GMO-Z.com Trust Company, Inc., has a proven track record in issuing
stablecoins on major blockchains such as Ethereum , Stellar, and Solana.

The company
operates a digital currency management system supporting multiple technological platforms and monitoring features for currency
transactions and operations.

“As
stablecoins will inevitably play an important part in financial markets, Nomura
and its Digital Asset subsidiary Laser Digital are excited to partner with GMO,” said Kentaro Okuda, the President and Group CEO of Nomura Holdings. “This
project has the potential to greatly enhance digital asset accessibility and
innovation in the Japanese financial landscape.”

The
collaboration between Nomura, Laser Digital, and GMO Internet Group will delve
into the various aspects of stablecoin issuance, including the creation,
redemption, and circulation processes for both JPY and USD stablecoins.
Additionally, the partnership aims to introduce a comprehensive service
designed to assist companies interested in issuing their own stablecoins.

This
service will encompass essential elements such as ensuring compliance with
regulatory requirements, integrating the necessary blockchain technology, and seamlessly managing backend transactions.

“As the
digital asset landscape evolves, the development of a stablecoin for use in the
Japanese market will be key to expanding the accessibility and adoption of
digital assets in Japan and beyond,” commented Steve Ashley, the Executive
Chairman at Laser Digital. “We’re excited to explore this project and the ‘stablecoin-as-a-service’ solution.”

Stablecoins,
digital assets linked on a 1:1 basis with fiat currencies, merge the stability
of traditional money with the benefits of digital technology, facilitating
quicker, less expensive, and clearer transactions. Stablecoin-as-a-Service (SCaaS) is a blockchain-based solution that enables businesses and institutions to issue, manage, and transfer their own branded stablecoins without the need for extensive internal research and development.

New Hires in Nomura and Laser Digital

Earlier
this month, Nomura unveiled plans to double its profits to over $3 billion by
the end of the current decade, aiming to refocus resources, particularly within
its wholesale division.

Meanwhile, the company also hired a new Chief Economist
for Developed Markets, hedge fund veteran David Seif. Previously, it had
appointed former Deutsche Bank executive, Hemish Shah, as the new Head of EMEA
Flow Rates.

Additionally, Laser Digital, part of Nomura, further strengthened
its leadership by hiring Hideaki Kudo as the new Representative Director and
Head of the newly established office in Tokyo.

Nomura
Holdings, Inc., a global financial services group, and its digital asset
subsidiary, Laser Digital Holdings AG, have announced a strategic partnership
with GMO Internet Group, Inc. to explore the issuance of Japanese yen (JPY) and
US dollar (USD) stablecoins in Japan.

This
collaboration aims to leverage each company’s experience to provide a secure
stablecoin solution for the Japanese market. GMO Internet Group, through its US
subsidiary GMO-Z.com Trust Company, Inc., has a proven track record in issuing
stablecoins on major blockchains such as Ethereum , Stellar, and Solana.

The company
operates a digital currency management system supporting multiple technological platforms and monitoring features for currency
transactions and operations.

“As
stablecoins will inevitably play an important part in financial markets, Nomura
and its Digital Asset subsidiary Laser Digital are excited to partner with GMO,” said Kentaro Okuda, the President and Group CEO of Nomura Holdings. “This
project has the potential to greatly enhance digital asset accessibility and
innovation in the Japanese financial landscape.”

The
collaboration between Nomura, Laser Digital, and GMO Internet Group will delve
into the various aspects of stablecoin issuance, including the creation,
redemption, and circulation processes for both JPY and USD stablecoins.
Additionally, the partnership aims to introduce a comprehensive service
designed to assist companies interested in issuing their own stablecoins.

This
service will encompass essential elements such as ensuring compliance with
regulatory requirements, integrating the necessary blockchain technology, and seamlessly managing backend transactions.

“As the
digital asset landscape evolves, the development of a stablecoin for use in the
Japanese market will be key to expanding the accessibility and adoption of
digital assets in Japan and beyond,” commented Steve Ashley, the Executive
Chairman at Laser Digital. “We’re excited to explore this project and the ‘stablecoin-as-a-service’ solution.”

Stablecoins,
digital assets linked on a 1:1 basis with fiat currencies, merge the stability
of traditional money with the benefits of digital technology, facilitating
quicker, less expensive, and clearer transactions. Stablecoin-as-a-Service (SCaaS) is a blockchain-based solution that enables businesses and institutions to issue, manage, and transfer their own branded stablecoins without the need for extensive internal research and development.

New Hires in Nomura and Laser Digital

Earlier
this month, Nomura unveiled plans to double its profits to over $3 billion by
the end of the current decade, aiming to refocus resources, particularly within
its wholesale division.

Meanwhile, the company also hired a new Chief Economist
for Developed Markets, hedge fund veteran David Seif. Previously, it had
appointed former Deutsche Bank executive, Hemish Shah, as the new Head of EMEA
Flow Rates.

Additionally, Laser Digital, part of Nomura, further strengthened
its leadership by hiring Hideaki Kudo as the new Representative Director and
Head of the newly established office in Tokyo.





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