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Settlement Network Zero Hash Partners with Japanese Titan GMO Internet to Offer Instant Settlement in JPY and USD with Stablecoins ("GYEN" and "ZUSD") Eliminates the typical bottlenecks associated with moving and settling JPY for institutions News provided by Share this article (PRNewsfoto/GMO Internet Group) NEW YORK, April 14, 2021 /PRNewswire/ -- GMO-Z.com Trust Company, Inc. ("GMO Trust"), the New York-based, regulated stablecoin subsidiary of Japanese Internet and financial services conglomerate GMO Internet Group ("GMO"), and Zero Hash Inc. ("Zero Hash"), a leading fiat and digital ass...

December 30, 2020, 6:15AM EST  ·  1 min read The New York Department of Financial Services (NYDFS) has given Japanese tech giant GMO Internet the green light to issue two stablecoins — a dollar-pegged coin (ZUSD) and a yen-pegged coin (GYEN). GYEN is the first non-USD stablecoin approved by the NYDFS. Both GYEN and ZUSD will be issued by GMO-Z.com Trust Company, a limited liability trust company that has been granted a charter by the NYDFS. GMO said to win approval for the trust, it had to meet stringent requirements for cybersecurity programs, as well as federal standards for anti-money...

(PRNewsfoto/GMO Internet Group) NEW YORK, Dec. 29, 2020 /PRNewswire/ -- GMO Internet Inc., the Tokyo-based Internet conglomerate, has won approval from the New York Department of Financial Services to establish a limited purpose trust company, GMO-Z.com Trust Company, Inc. ("GMO Trust") and issue the world's first regulated JPY-pegged stablecoin (Ticker: GYEN). To win approval for the trust, the company had to meet stringent requirements for its cybersecurity programs, as well as meet federal standards for anti-money laundering and economic sanctions. The approval allows the company to launc...

GMO Internet Inc Receives Approval for First Ever JPY-Pegged Stablecoin Last Updated: 29 December 2020 GMO Internet Inc, a group self-described as Japan’s “internet service industry leader, developing and operating Japan’s most widely used domain, hosting & cloud, ecommerce, security, and payment solutions,” has gotten the approval of the New York Department of Financial Services to “establish a limited purpose trust company,” according to a press release from both groups. This trust will be called the GMO-Z Trust Company, Inc., and it will “issue the world�...