INX Limited and GMO Trust Partner to List GYEN and ZUSD

INX Limited (INX), the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, announced its partnership with GMO-Z.com Trust Company, Inc. (GMO Trust) to list stablecoin GYEN and ZUSD through its subsidiary, INX Digital, Inc. (INXD).

According to the official press release, GYEN is the world's first regulated Japanese yen stablecoin, and ZUSD is a USD-backed stablecoin issued by GMO Trust. 

These two stablecoins are available for both retail and institutional investors. However, they will not be offered to Japanese residents due to regulatory restrictions.

GYEN and ZUSD will initially be traded against the US Dollar and Bitcoin, with additional pairs added in the future, and unlike traditional FX markets, this digital version will be open on weekends and holidays too.

As Fazzaco reported earlier, INX has announced the appointment of Jonathan Blattmachr​ as Deputy General Counsel. He will oversee the regulatory strategy of INX and its operating subsidiaries and will allow INX to further establish itself as an operator of trusted digital asset trading platforms.