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Anchorage Digital Partners with GMO-Z.com Trust Company, Offering Institutions Custody and Trading for GYEN, the Worldâs First Regulated Japanese Yen-Backed Stablecoin
We are proud to announce that today, GMO-Z.com Trust Company, Inc., the U.S.-regulated stablecoin subsidiary of Japanese financial services and Internet conglomerate GMO Internet Group, has partnered with Anchorage Digital to bring GYEN, the worldâs first regulated Japanese yen (JPY) stablecoin to Anchorage Digitalâs institutional clients.
GYEN is the first JPY stablecoin approved by the New York State Department of Financial Services (DFS) and is a 1:1 backed stablecoin with assets held at FDIC insured banks. The partnership demonstrates Anchorage Digitalâs pioneering support for responsibly regulated stablecoins, and offers institutional traders another way to interact with JPYâââexpanding institutional trading participation in one of the worldâs most traded currencies, known as a historical safe haven.
âGYEN is a great example of what we have long believed: regulated, compliant stablecoins make currencies more competitive globally through faster settlements, greater accessibility, and better affordability. We are pleased to bring our clients yet another stablecoin, offering them exposure to a stablecoin 1:1 with the Japanese Yen.â
â Diogo MĂłnica, Co-Founder and President of Anchorage Digital
âAnchorage Digital is a leading firm in regulated custody and crypto trading, and shares our conviction that tier one institutions and traders have embraced stablecoins as an efficient digital asset. We selected them as our partner for their ability to adapt their product to meet growing demand from institutional clients, while appealing to a global, institutional audience. Weâre thrilled to partner with Anchorage Digital and continue expanding regulated, compliant stablecoin participation globally.â
â Ken Nakamura, CEO, GMO-Z.com Trust Company
The partnership is a step forward for Anchorage Digital as we expand our offerings to institutions in Asia, a key engine of the global economy that has widely adopted digital assets. Our Asia growth allows us to meet our clientsâ needs for 24/7 market coverage, and brings our secure, regulated custody, trading, staking, governance, APIs and more to the regionâs traditional financial players and crypto-native exchanges.
If youâd like to learn more about Anchorage Digitalâs institutional custody and trading services in Asia, please get in touch.
Press contacts:
Anchorage Digital
About GMO Internet Group
GMO Internet Group, based in Tokyo, is a global market leader in the Internet infrastructure, Internet finance, and the digital asset space since its inception in 1991. It operates the worldâs largest online FX trading platform, an Internet bank, a cryptocurrency exchange, a cryptocurrency mining operation, a payment gateway, and regulated stablecoins. GMO Internet Group, Inc. (TSE: 9449) is headquartered in Tokyo, Japan. For more information, please visit https://www.gmo.jp/en/.
About GMO-Z.com Trust Company
GMO-Z.com Trust Company, based in New York, is a Limited Purpose Trust Company, regulated by the New York Department of Financial Services. Issuing the worldâs first regulated JPY stablecoin âGYENâ, GMO-Z.com Trust also offers a USD stablecoin âZUSDâ. GMO-Z.com Trust is on a mission to bring traditional finance into the digital age with blockchain services. For more information on GMO-Z.com Trust Company, Inc., visit https://stablecoin.z.com.
About Anchorage Digital
Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first operational federally chartered crypto bank in the U.S., Anchorage Digital offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage Digital is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GICâââSingaporeâs sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage Digital is remote-friendly with offices in New York, New York; Singapore; Porto, Portugal; and Sioux Falls, South Dakota. Learn more at anchorage.com, on Twitter @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
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