MIZUHIKI — The Japan Chain
Partnerships

November 18, 2025

Japan Smart Chain welcomes GMO-Z.com Trust Company as a Vision Partner

MIZUHIKI x GMO-Z.com Trust Company partnership announcement banner

AltX Research is pleased to announce that GMO-Z.com Trust Company, the U.S.-based subsidiary of the GMO Internet Group, has joined Japan Smart Chain (JSC) as a Vision Partner. Together, the teams will study how regulated stablecoins can be issued and circulated on JSC under Japanese law.

Why this matters

GMO Trust has operated a regulated stablecoin business in the United States since 2020, issuing yen- and dollar-denominated tokens under New York State oversight. That track record, combined with JSC's compliance-first architecture, sets a foundation for stablecoins designed specifically for the Japanese market.

The collaboration will draw on the MIZUHIKI Suite — modular identity, KYC, and wallet-registration tools that let regulated issuers operate on public infrastructure while meeting Japanese requirements.

What we plan to explore

  • An issuance and circulation model for stablecoins tailored to Japanese regulation
  • Integration patterns between GMO Trust's existing stablecoin infrastructure and JSC
  • Tooling for compliant wallet onboarding and counterparty verification

About the Vision Partner program

Vision Partners are organizations that share our long-term view for digital-asset infrastructure in Japan and actively co-create concrete use cases on JSC. We look forward to working closely with the GMO Trust team in the months ahead.

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