GMO-Z.com Trust Company

Name

GMO-Z.com Trust Company

Legal name

GMO-Z.com Trust Company, Inc.

Website

https://stablecoin.z.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Regulated Stablecoin Issuance

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Stablecoin Issuers (Fiat-Backed) (FSADADAA)

akta.pro secondary industries

Reserve Management, Custody & Segregated Accounts (Backing Infrastructure) (FSADADAD), Compliance, Attestations, Proof-of-Reserves & Reporting (Stablecoins) (FSADADAI), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Regulated stablecoin issuance
• Fiat-backed stablecoins
• Multi-chain digital assets
• Virtual currency trust services
• Blockchain payment infrastructure

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Stablecoin Issuance and Redemption Services: Revenue is generated through the issuance and redemption of GYEN and ZUSD stablecoins. The company facilitates the conversion between fiat currencies (JPY, USD) and digital tokens, with no fees charged for purchase or redemption operations. Revenue may be derived from the float between fiat deposits and token issuance, reserve management, or other ancillary services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

GMO-Z.com Trust Company issues and redeems two regulated stablecoins: GYEN, the world's first regulated Japanese Yen-pegged stablecoin, and ZUSD, a U.S. Dollar-pegged stablecoin. Both tokens are 100% fiat-backed with 1:1 redeemability, with reserves held in insured financial institutions and U.S. Treasury Bills/government money-market funds, and are natively deployed on Ethereum, Solana, and Stellar blockchains. The company provides direct issuance and redemption services to individual consumers through its website and to institutional clients through custody providers, exchanges, and settlement partners.

Product overview

GMO-Z.com Trust Company operates as a regulated stablecoin issuer offering two core products: GYEN (the world's first regulated Japanese Yen stablecoin) and ZUSD (a U.S. Dollar stablecoin). Both stablecoins are 100% reserve-backed with 1:1 redeemability for their underlying fiat currencies. The company provides multi-chain support, deploying tokens natively on Ethereum (ERC-20), Solana, and Stellar blockchains, enabling trading, settlement, hedging, remittances, and payments across a global network of partner exchanges, custody providers, and settlement infrastructure. The company is currently undergoing an orderly wind-down of its stablecoin operations.

Differentiator

Problem solved

Functional benefit

Brands

• GYEN: The world's first regulated Japanese Yen stablecoin, 100% fiat-backed and 1:1 redeemable with Japanese Yen.
• ZUSD

Products and services

• GYEN The world's first regulated Japanese Yen stablecoin issued by GMO Trust. GYEN is 100% fiat-backed with reserves held in insured financial institutions and government money-market funds, and is always redeemable 1:1 with Japanese Yen. Available to individual consumers via the GMO Trust website and to institutional clients via exchanges, custody providers, and settlement partners.
• ZUSD A trusted U.S. Dollar stablecoin issued by GMO Trust. ZUSD is backed by U.S. Dollars and U.S. Treasury Bills held in insured financial institutions, and is always redeemable 1:1 with U.S. Dollars. Available to individual consumers via the GMO Trust website and to institutional clients via exchanges, custody providers, and settlement partners.
• Multi-Chain GYEN and ZUSD GYEN and ZUSD natively deployed across multiple blockchain networks (Ethereum, Solana, Stellar) enabling interoperability, scalability, and flexibility for users across different blockchain ecosystems. The native deployment model minimizes risks associated with cross-chain transactions and interoperability issues.

Quantifiable outcome

• 100% reserve-backed with 1:1 redeemability for both GYEN and ZUSD
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration25 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• BitstampcoreChannel Partner/ Reseller/ Distributor · 14 June 2024Major global cryptocurrency exchange listing GYEN and ZUSD for trading, expanding accessibility to retail and institutional investors worldwide.
• Solana NetworkcoreTechnology or Integration · 23 January 2024Launched GYEN and ZUSD stablecoins on the Solana blockchain, enabling fast and cost-efficient transactions with near real-time settlement capabilities.
• KomainucoreTechnology or Integration · 6 March 2023Institutional custody partnership providing secure storage solutions for regulated stablecoins GYEN and ZUSD.
• Hex TrustcoreTechnology or Integration · 13 February 2023Institutional-grade custody for GYEN stablecoin, enabling secure storage for institutional investors.
• Stellar Development FoundationcoreStrategic or Co-development Partner · 9 November 2022Strategic collaboration to launch GYEN and ZUSD on the Stellar network for near-instant, borderless transactions.
• Anchorage DigitalcoreTechnology or Integration · 12 September 2022Offering institutions custody and trading services for GYEN, the world's first regulated Japanese Yen-backed stablecoin.
• Zero HashcoreTechnology or Integration · 14 April 2022Settlement network partnership enabling instant settlement in JPY and USD with stablecoins for faster treasury operations.
• INX LimitedminorChannel Partner/ Reseller/ Distributor · 23 September 2021Partnership to bring NYDFS-regulated stablecoins to retail and institutional investors through INX's trading platform.
• Nexus MarketsminorGTM or Marketing Partner · 25 May 2021Expanded partnership offering interest-earning vault products for GYEN and ZUSD, providing yield opportunities for stablecoin holders.
• BinancecoreChannel Partner/ Reseller/ Distributor · 11 May 2021Major exchange listing GYEN, the world's first regulated JPY-pegged stablecoin, for mass market accessibility.
• CelsiusminorGTM or Marketing Partner · 7 May 2021Partnership to expand regulated USD stablecoin lending market through Celsius platform.
• Shift MarketsminorChannel Partner/ Reseller/ Distributor · 20 April 2021Partnership to expand accessibility of GYEN stablecoin through Shift Markets' white-label exchange platform.
• LiquidminorStrategic or Co-development Partner · 1 March 2021Partnership to create the first synthetic JPY FX instruments using GYEN stablecoin.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Circle Internet Group: Issuer of USDC, the largest regulated fiat-backed USD stablecoin. Direct comparable to GMO Trust on fiat-backed issuance, regulatory licensing, attestation discipline, and exchange/DeFi distribution strategy.
• Tether: Issuer of USDT, the largest USD stablecoin by circulating supply. Comparable to GMO Trust on fiat-backed issuance and multi-chain distribution, though with a different regulatory posture.
• Paxos: NYDFS-regulated trust that issues USDP and BUSD (historically) and provides tokenization infrastructure. Highly comparable given shared NYDFS charter, regulated trust structure, and fiat-backed stablecoin issuance.
• Gemini Trust Company: NYDFS-regulated trust that issued the regulated GUSD stablecoin. Comparable on regulated trust charter, USD stablecoin issuance, and U.S. compliance-first positioning.

Broad incumbents

• PayPal (PYUSD via Paxos): Issued PYUSD as a regulated USD stablecoin via Paxos. Comparable as a regulated stablecoin initiative with payments and consumer distribution, though anchored by a much larger mainstream payments platform.
• Coinbase: Largest U.S. crypto exchange and a distribution partner for USDC and other regulated stablecoins. Comparable as a regulated U.S. venue and stablecoin distribution rail, though operating at much greater scale across multiple lines of business.

Emerging players

• Ripple (RLUSD): Issued RLUSD as a regulated USD stablecoin targeting enterprise payments and cross-border use cases. Comparable on regulated issuance and cross-border/treasury positioning, particularly relevant to ZUSD's settlement use cases.
• First Digital Labs (FDUSD): Issuer of FDUSD, a fiat-backed USD stablecoin. Comparable on fiat-backed reserve model and exchange-driven distribution, though with a different geographic/regulatory base.
• MakerDAO (Sky / DAI): Decentralized protocol behind the DAI/USDS stablecoin. Comparable as a stablecoin issued across multiple chains with DeFi distribution, but structurally distinct (decentralized, crypto-backed) from GMO Trust's centralized, fiat-backed model.
• TrueUSD (Archblock): Fiat-backed USD stablecoin issuer with multi-chain deployment and attestation processes. Comparable on fiat-backed issuance, attestations, and multi-chain support, though smaller in scale.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/gmotrust
• LinkedInlinkedin.com/company/gmo-z-com-trust-company

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GMO-Z.com Trust Company