tl;dr
Nomura Holdings has partnered with the GMO Internet Group to explore stablecoins backed by Japanese yen and U.S. dollar. The partnership involves Nomura's digital asset subsidiary, Laser Digital, and GMO-Z.com Trust Company, a subsidiary of the GMO Internet Group licensed in New York. They will expl...
Nomura Holdings and GMO Internet Group Partnership to Explore Stablecoins Nomura Holdings has partnered with the GMO Internet Group to explore stablecoins backed by Japanese yen and U.S. dollar. The partnership involves Nomura's digital asset subsidiary, Laser Digital, and GMO-Z.com Trust Company, a subsidiary of the GMO Internet Group licensed in New York. They will explore issuing and redeeming JPY and USD stablecoins and a stablecoin-as-a-service solution to help other companies issue stablecoins in Japan. The solution includes managing regulatory compliance, integrating blockchain technology, and managing backend transactions. The partnership aims to expand the accessibility and adoption of digital assets in Japan.
Other Japanese giants, including Sony and MUFG, are also involved in the country's stablecoin market. Japan's regulatory framework allows only licensed financial institutions to issue stablecoins.
GMO-Z.com Trust Company, licensed in New York by the state’s Department of Financial Services, will work with Nomura Holdings to explore stablecoins. Laser Digital, Nomura’s digital asset subsidiary, will play a critical role in sparking stablecoin adoption in Japan, leveraging its infrastructure, heritage, and experience in the digital assets industry. The 'stablecoin-as-a-service' solution will be pivotal in expanding the accessibility and adoption of digital assets in Japan and beyond.
Japan has always been a leader in regulating digital assets, with a framework that allows only licensed financial institutions to issue stablecoins to protect users. This comes as central bank digital currency (CBDC) development lags behind most of its peers in Japan, with stablecoins expected to have a larger role in the country than in most developed economies.
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Sector: Manufacturing
Industry: Household Audio & Video Equipment
Market Cap: 100.53 Billion
PE Ratio: 16.53
Dividend Yield: 4.98
Stock Price: $105.75
EPS: 0.0745
Revenue: 13.02 Trillion
Net Income: 115.78 Billion
Debt to Equity: 0.483
Price to Book: 0.136
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Sector: FINANCE
Industry: COMMERCIAL BANKS
Company Data:
Market Cap: $124.77 billion
Current Price: $13.47
PE Ratio: 41
EPS: $0.79
Revenue (ttm): $543.96 billion
Dividend Yield: 0.229
Shares Outstanding: 6.505 billion
Revenue Per Share: $11.73
Book Value Per Share: $0.234
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Industry: COMMERCIAL BANKS
Stock Symbol: NEC
Market Cap: 124.77 billion
Current Price: $13.47
Price-to-Earnings Ratio: 41
Dividend Yield: 0.79%
Revenue (TTM): $543.96 billion
EPS (TTM): $0.229
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Sector: NATIONAL COMMERCIAL BANKS
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PE Ratio: 12.06
EPS: 105
Dividend Yield: 0.34
52-Week High: 246.35
52-Week Low: 0.217
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Beta: 1.998
Volatility (Month): 0.175
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