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Your email address will not be published.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
UAE crypto exchange BitOasis closes $30M Series B funding
Read More

UAE crypto exchange BitOasis closes $30M Series B funding

BitOasis, the Middle East and North Africa-based crypto exchange, announced today it has wrapped up its Series B round, the company has closed $30 million in funding from new and existing investors.This round was co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda, and seeks to propel BitOasis on an accelerated growth…
Uphold secures UK FCA authorization as a registered crypto-asset firm
Read More

Uphold secures UK FCA authorization as a registered crypto-asset firm

Related News Uphold, a digital money platform, today announced its acquisition of Optimus Cards UK Limited, a debit and credit card issuer operating in the UK and Europe. The acquisition will allow Uphold to launch a crypto-capable... Read more Uphold, a digital investment platform, today announced global customers can buy gold-backed token UPXAU. Universal Gold (UPXAU)…
Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody
Read More

Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

Hex Trust, a licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has successfully integrated Polygon, the full-stack scaling solution for Ethereum, into its crypto-asset custody platform Hex Safe. As a result, Hex Trust now offers fully licensed and highly-secure custody for Polygon’s native token (MATIC) with…
Venue One: new blockchain-powered predictions exchange deploying on Algorand
Read More

Venue One: new blockchain-powered predictions exchange deploying on Algorand

Venue One has around 20,000 people on its waitlist for the official launch notice... Related News Goracle (recently re-branded from Algoracle), a decentralized oracle network that is built on Algorand, has announced a new partnership with HEADLINE, a Texas-based blockchain development company. HEADLINE is the creator of developer tooling on... Read more The directors of…