Anchorage Digital Partners with Trust Company, Offering Institutions Custody and Trading for GYEN, the World’s First Regulated Japanese Yen-Backed Stablecoin

Anchorage Digital

Sep 12, 2022

We are proud to announce that today, Trust Company, Inc., the U.S.-regulated stablecoin subsidiary of Japanese financial services and Internet conglomerate GMO Internet Group, has partnered with Anchorage Digital to bring GYEN, the world’s first regulated Japanese yen (JPY) stablecoin to Anchorage’s institutional clients.

GYEN is the first JPY stablecoin approved by the New York State Department of Financial Services (DFS) and is a 1:1 backed stablecoin with assets held at FDIC insured banks. The partnership demonstrates Anchorage’s pioneering support for responsibly regulated stablecoins, and offers institutional traders another way to interact with JPY—expanding institutional trading participation in one of the world’s most traded currencies, known as a historical safe haven.

“GYEN is a great example of what we have long believed: regulated, compliant stablecoins make currencies more competitive globally through faster settlements, greater accessibility, and better affordability. We are pleased to bring our clients yet another stablecoin, offering them exposure to a stablecoin 1:1 with the Japanese Yen.” 

—Diogo Mónica, Co-Founder and President of Anchorage Digital

 “Anchorage is a leading firm in regulated custody and crypto trading, and shares our conviction that tier one institutions and traders have embraced stablecoins as an efficient digital asset. We selected Anchorage as our partner for their ability to adapt their product to meet growing demand from institutional clients, while appealing to a global, institutional audience. We’re thrilled to partner with Anchorage and continue expanding regulated, compliant stablecoin participation globally.”

—Ken Nakamura, CEO, Trust Company

The partnership is a step forward for Anchorage as we expand our offerings to institutions in Asia, a key engine of the global economy that has widely adopted digital assets. Our Asia growth allows us to meet our clients’ needs for 24/7 market coverage, and brings our secure, regulated custody, trading, staking, governance, APIs and more to the region’s traditional financial players and crypto-native exchanges.

If you’d like to learn more about Anchorage’s institutional custody and trading services in Asia, please get in touch

Press contacts:

Anchorage Digital

About GMO Internet Group 

GMO Internet Group, based in Tokyo, is a global market leader in the Internet infrastructure, Internet finance, and the digital asset space since its inception in 1991. It operates the world’s largest online FX trading platform, an Internet bank, a cryptocurrency exchange, a cryptocurrency mining operation, a payment gateway, and regulated stablecoins. GMO Internet Group, Inc. (TSE: 9449) is headquartered in Tokyo, Japan. For more information, please visit

 About Trust Company Trust Company, based in New York, is a Limited Purpose Trust Company, regulated by the New York Department of Financial Services. Issuing the world’s first regulated JPY stablecoin “GYEN”, Trust also offers a USD stablecoin “ZUSD”. Trust is on a mission to bring traditional finance into the digital age with blockchain services. For more information on Trust Company, Inc., visit

About Anchorage Digital

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first operational federally chartered crypto bank in the U.S., Anchorage offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage is remote-friendly with offices in New York, New York; Singapore; Porto, Portugal; and Sioux Falls, South Dakota. Learn more at, on Twitter @Anchorage, and on LinkedIn.

This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

Follow us on:
Author Avatar

Anchorage Digital

What to read next

Ready to learn more?

Contact us to speak with an expert.