GMO Trust partners with Komainu for institutional custody services for stablecoin

Collaboration aims to provide comfort to institutions looking to explore digital assets. 

By Richard Schwartz Trust Company (GMO Trust), the New-York-based stablecoin issuer, has partnered with Komainu, a regulated digital asset custody service provider, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen stablecoin and the U.S. Dollar stablecoin approved by the New York State Department of Financial Services. 

“We believe bridging the regulated JPY and USD stablecoins with the most advanced compliant custody solutions will pave an innovative way for institutional clients to explore leveraging digital assets,” said Ken Nakamura, CEO of GMO Trust. We are particularly excited to collaborate with a company with shared Japanese heritage and hope that this will develop our respective franchises in the APAC region as well as globally.” 

Darren Jordan, head of sales at Komainu, added: “This was a logical partnership given that we are a regulated entity with Japanese roots. Our institutional-grade hybrid wallet infrastructure allows us to support one of the widest blockchain and token offerings in the market and we are particularly excited about increasing stablecoin demand with a lot of opportunities outside of USD stablecoins in particular.”