GMO-Z.com Trust Company Partners with Hex Trust to bring institutional-grade custody for GYEN, a regulated Japanese yen stablecoin

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Feb 13, 2023, 09:00 ET

NEW YORK, Feb. 13, 2023 /PRNewswire/ -- GMO-Z.com Trust Company, Inc. ("GMO Trust") has partnered with Hex Trust, the leading institutional digital asset custodian, to bring institutional investors fully-licensed and highly-secure custody support for GYEN, the first regulated Japanese yen ("JPY") stablecoin.

Hex Trust is the leading provider of fully-licensed and insured bank-grade digital asset custody and related services. The partnership integrates Hex Trust's compliant, institutional-grade custodial services built with the highest level of security, enabling clients to seamlessly and securely access the regulated stablecoin ecosystem.

Ken Nakamura, CEO of GMO-Z.com Trust Company, Inc., said:

"Hex Trust offers an unparalleled level of security and compliance that caters to institutional demands for digital asset custody services, providing clients with a more efficient and accessible means to participate in digital finance. We are pleased to partner with Hex Trust to facilitate digital finance participation and broader institutional engagement with stablecoins."

Calvin Shen, Managing Director of Hex Trust, said:

"Regulated and compliant stablecoins are critical when it comes to increasing institutional participation in the decentralized economy. As Japan is embracing Web3, we are excited to bring our clients the JPY-backed stablecoin, enabling a faster and cost-effective approach to leveraging digital assets."

About Hex Trust Group

The Hex Trust Group is the leading fully licensed and insured provider of bank-grade custody and associated services for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, the Hex Trust Group has built Hex Safe, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporations and private clients. The Hex Trust Group has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.

For more information: visit hextrust.com or follow Hex Trust on LinkedIn and Twitter.

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 first regulated JPY stablecoin "GYEN", and a trusted 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.

SOURCE GMO-Z.com Trust Company, Inc.