Japanese banking giant Nomura and its digital asset unit Laser Digital have partnered with Japan-based GMO Internet Group to explore issuing stablecoins in Japan. They plan to explore issuing, exchanging and circulating stablecoins denominated in yen and U.S. dollars.
The partnership also plans to offer “stablecoin as a service” products to help companies issue stablecoins. According to its announcement, such products may cover regulatory compliance management, blockchain integration and back-end transaction management.
Through the collaboration, Nomura and Laser Digital will focus more on crypto trading, asset management and venture capital, while GMO plans to contribute more on the technology side. (The Block)