Japanese giant GMO Internet Group to build blockchain business on Klaytn

GMO Internet Group, a Japan-based internet service provider. announced it will partner with the Klaytn Foundation to explore blockchain business on Klaytn, a blockchain initiative by the Kakao Group. This latest move is a continuation of the conglomerate’s expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. GMO Internet Group currently operates…
Japanese giant GMO Internet Group to build blockchain business on Klaytn

GMO Internet Group, a Japan-based internet service provider. announced it will partner with the Klaytn Foundation to explore blockchain business on Klaytn, a blockchain initiative by the Kakao Group.

This latest move is a continuation of the conglomerate’s expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. GMO Internet Group currently operates an online FX trading platform, internet bank, payment gateway businesses, cryptocurrency exchanges, and is the issuer of stablecoins GYEN and ZUSD which are pegged to JPY and USD.

Klaytn Foundation is a non-profit entity in Singapore that supports the Klaytn blockchain ecosystem by accelerating the sustainable global growth of Klaytn. Klaytn is a service-centric blockchain platform that aims to provide an intuitive development environment and user-friendly experiences for blockchain.

“The partnership of the largest internet company in Japan with one of the largest tech companies in Korea is one that encompasses a shared commitment to building new and open digital economies and offering a digital corridor to both marketplaces through the Klaytn blockchain.


– David Shin, Head of Global Adoption at Klaytn Foundation

Klaytn Foundation supports partners through various resources for testing the feasibility of blockchain businesses. One of the ways this is done is through the management of the USD $500 million Klaytn Growth Fund, which supports ecosystem players through various capital deployments.

“GMO Internet Group will utilize the blockchain technology know-how we have accumulated so far and will look to further expand the possibilities of blockchain technology through the partnership.”


– Ken Nakamura, Chair of Crypto Business Committee at GMO Internet Group

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Meeco integrates Zk-proof DID wallet and token tooling on Hedera for ESG markets
Read More

Meeco integrates Zk-proof DID wallet and token tooling on Hedera for ESG markets

The introduction of Zk-proof capability and clear visualization tooling aims to bolster the transparency and auditability of tokenized assets in ESG (Environmental, Social, and Governance) markets... Related News South Korean-based Shinhan Bank, today announced that it has completed the development of a Proof-of-Concept (PoC) built on the Hedera network, leveraging stablecoins and focused on international…
India-based crypto exchange CoinDCX beefs up AML protection with Solidus Labs
Read More

India-based crypto exchange CoinDCX beefs up AML protection with Solidus Labs

CoinDCX leverages Solidus Labs’ machine-learning detection models to strengthen trust and transparency on its platform and raise its compliance standards... Related News CoinDCX, an India-based crypto exchange, has announced the closing of a $90 million Series C round. The funding was led by B Capital Group (founded by former Facebook co-founder Eduardo Saverin); plus returning…
Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens
Read More

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

Related News Spanish crypto exchange company Bit2me and the fund manager Inveready presented today the first HUB dedicated to Web3.0, a new Crypto HUB that will provide services to startups in the sector through a venture... Read more Bifrost, a cross-chain liquid staking derivative protocol, has just won the 18th Polkadot parachain slot. Now, Bifrost…
FINMA licensed crypto-asset gateway SEBA Bank introduces staking platform
Read More

FINMA licensed crypto-asset gateway SEBA Bank introduces staking platform

SEBA Bank, a FINMA licensed crypto-asset banking platform, today announced the launch of SEBA Earn, an institutional-grade solution enabling clients to earn yields on their crypto holdings. As a comprehensive staking management platform, SEBA Earn will enable institutions and individuals to generate rewards on their cryptocurrency from networks including Tezos, Polkadot, and Cardano; with more…