Anchorage Digital Partners with GMO-Z.com Trust Company, Offering Institutions Custody and Trading for GYEN, the World’s 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 world’s first regulated Japanese yen (JPY) stablecoin to Anchorage’s 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’s pioneering support for responsibly regulated stablecoins, and offers institutional traders another way to interact with JPY—expanding institutional trading participation in one of the world’s most traded currencies, known as a historical safe haven.
“GYEN 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.”
—Diogo Mónica, Co-Founder and President of Anchorage Digital
“Anchorage 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 Anchorage as our partner for their ability to adapt their product to meet growing demand from institutional clients, while appealing to a global, institutional audience. We’re thrilled to partner with Anchorage and continue expanding regulated, compliant stablecoin participation globally.”
—Ken Nakamura, CEO, GMO-Z.com Trust Company
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 world’s 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 world’s first regulated JPY stablecoin “GYEN”, GMO-Z.com Trust also offers a USD stablecoin “ZUSD”. 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 offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage 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.