venture capital
Amid the rise of “agent commerce,” GMO Venture Partners have invested in Crossmint alongside Circle and other investors. Crossmint provides infrastructure that enables seamless integration of payments and remittances across both fiat currencies and stablecoins. Crossmint offers a unified API and wallet SDK that bridges fiat and stablecoins, allowing enterprises
stablecoin
Prior to the start of the Stripe Tour Tokyo main event, Stripe hosted a policy-themed breakfast discussion to explore the transformative potential of stablecoins, bringing together representatives from finance, technology, and regulatory bodies. The session provided a deep dive into the past, present, and future of this emerging financial technology,
venture capital
Tazapay, a leading global cross-border payments infrastructure platform, has successfully closed its Series B funding round with investment from Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners. Existing investor Peak XV Partners led the round and 2 other existing investors January Capital and ARC180 joined the round.
stablecoin
Simplex and Ava Labs have conducted a proof of concept combining Simplex's stablecoin issuance and redemption system "Simplex Stablecoin" with Ava Labs' blockchain infrastructure service "AvaCloud" to achieve financial services-grade availability and low latency. Currently, many financial institutions and companies domestically and internationally
cross-border payments
Ria Money Transfer, a global leader in the cross-border money transfer industry and a business segment of NASDAQ-listed Euronet, has become the majority shareholder through the acquisition of 60% of the shares of Unidos, the operator of Kyodai Remittance, a Japan-based funds transfer business and overseas remittance specialist. Leveraging Kyodai’
cross-border payments
Digital Wallet Corporation (DWC), owner and operator of Smiles Mobile Remittance, Japan’s most popular mobile international money transfer provider, has launched “TAX REFUND JAPAN,” a new service designed to support the revised tax-free shopping system for inbound tourists. This first-of-its-kind service from a licensed funds transfer provider in Japan
stablecoin
OwlTing Group partners with GMO-Z.com Trust Company to enhance the accessibility to GYEN, the first regulated Japanese Yen stablecoin. This strategic move aims to provide users with diversified cross-border transaction options in one of the world’s major reserve currencies. By integrating GYEN and ZUSD (USD stablecoin) into the
stablecoin
IDA Finance Hong Kong (IDA), a leading digital asset company based in Hong Kong, Progmat, a digital assets platform provider backed by Japan's largest banking groups and technology firms, Datachain, a leading blockchain firm in Japan, and TOKI FZCO (TOKI), a cross-chain infrastructure provider, have announced a strategic
remittance
Digital Wallet Group (DWG), an international IT and FinTech company and operator of subsidiary Digital Wallet Corporation’s (DWC) Smiles Mobile Remittance, Japan's most popular mobile money transfer service, has entered into a strategic partnership with Payment Source, an award-winning Canadian payment gateway provider with more than 20
stablecoin
Progmat, Fairsquarelab, and Korea Digital Asset Custody have signed a Memorandum of Understanding regarding a proof of concept for "Project Pax," a cross-border remittance infrastructure project for stablecoins in collaboration with Swift. Through this PoC, the companies will advance the connection of infrastructure for stablecoin remittance between Japan
remittance
BDO Unibank and Seven Bank recently reaffirmed their commitment to providing convenient and reliable remittance services to Overseas Filipinos in Japan. This partnership, initially established in 2017, leverages the strengths of two leading financial institutions from prominent Asian economies to meet the evolving needs of this significant demographic. Recognizing the