Nomura and Daiwa, alongside major Japanese banks, aim to enable stablecoin-based purchases of stocks, bonds, and funds, targeting MMFs and digital securities rollout within several years.
Nomura Holdings and Daiwa Securities Group have expanded their collaboration with Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Banks to develop a framework allowing purchases of stocks, bonds, and investment funds via a yen-denominated stablecoin. The initiative specifically targets money market funds (MMFs) and digital securities, aiming for operational implementation within several years. This effort builds on earlier pilots of blockchain-based real-time settlement, marking a broader push by Japan’s leading financial institutions to integrate stablecoin technology into mainstream capital markets.