Nomura Holdings, a global financial services group, and its digital asset subsidiary, Laser Digital Holdings AG, have announced a partnership with GMO Internet Group, Inc. to explore the issuance of Japanese yen (JPY) and US dollar (USD) stablecoins in Japan ¹. This partnership aims to utilize each company's experience to provide a secure stablecoin solution for the Japanese market. GMO Internet Group, through its US subsidiary (link unavailable) Trust Company, Inc., has a proven track record in issuing stablecoins on major blockchains such as Ethereum, Stellar, and Solana ². The company operates a digital currency management system supporting multiple technological platforms and monitoring features for currency transactions and operations ³.

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 ⁴. This service will encompass essential elements such as ensuring compliance with regulatory requirements, integrating the necessary blockchain technology, and seamlessly managing backend transactions ⁵. 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. Through this partnership, Nomura and Laser Digital will focus more on crypto trading, asset management, and venture investment, while GMO plans to contribute more on the technology sides. 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. As the digital asset landscape evolves, the partnership between Nomura, Laser Digital, and GMO Internet Group is poised to play a significant role in shaping the future of digital assets in Japan.