PRESS

Japanese Financial Giant GMO Internet Group Partners with INX Limited to Bring NYDFS Regulated Stablecoins to Retail and Institutional Investors

GMO-Z.com Trust Company, Inc. ("GMO Trust"), announced today that it has partnered with INX Limited, the owner of regulated cryptocurrency and digital asset exchange platforms, to provide the world's first regulated Japanese yen (JPY) stablecoin, GYEN, to retail and institutional investors through its subsidiary, INX Digital, Inc. ("INX"). INX will also be integrating GMO Trust's USD-backed stablecoin, ZUSD

GMO Trust is the New York-based, regulated stablecoin subsidiary of Japanese Internet and Financial Services conglomerate GMO Internet Group ("GMO Group"). This represents a heavyweight partner in the financial industry for INX, with GMO Group owning and operating the world's largest retail online FX trading platform by volume, a Japanese regulated Internet bank, a cryptocurrency exchange, a cryptocurrency mining operation and a payment gateway service.

GMO CLICK Securities, Inc., the financial service provider of GMO Group, has been ranked the largest retail forex broker in the world by volume for the majority of the last decade.1 To expand GMO Group's cryptocurrency footprint, GMO Trust was established as a limited purpose trust company regulated in New York and launched the first regulated JPY stablecoin, GYEN, along with ZUSD, a new digital dollar.

INX Limited launched the first SEC-registered digital security IPO for both retail and institutional investors, a first of its kind offering. INX Limited is uniquely positioned to offer retail and institutional investors and traders access to both digital assets and cryptocurrencies through both of its platforms.

"INX is proud to partner with a global financial services powerhouse that is issuing financial-grade stablecoins." Douglas Borthwick, Chief Business Officer at INX said, "GMO has a very synergistic portfolio of businesses that directly align with our institutional customer base, which we are ideally positioned to service on the digital asset side as a US regulated exchange."

"We're now entering into a new era where highly regulated exchanges are preparing to service tier one institutional traders." Ken Nakamura, CEO of GMO Trust said. "We're thrilled to be working with INX, who have built their exchange in accordance with top U.S. regulatory standards. This level of compliance, safety, and technology will attract the largest financial firms to their platform."

Media Contact

Join Us

Join our mailing list or follow us & stay informed about our news and updates

your information will be handled as detailed in our Privacy Policy

Thank you for joining and welcome to INX.
Oops! Something went wrong while submitting the form.