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Japanese internet giant GMO Internet Group enters partnership to explore building blockchain business on Klaytn -Breaking

by Mike Robinson

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GMO Internet Group, a Japanese Internet giant, forms a partnership with Klaytn to develop blockchain businesses.

GMO Internet Group is partnering with Klaytn Foundation in exploring blockchain business synergies for Klaytn. Klaytn is a Kakao Group initiative.

GMO Internet Group’s latest move is a continuation of the conglomerate’s global expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. GMO Internet Group currently has an online FX brokerage and trading platform, payment gateway business, crypto exchanges and the issuing of the stablecoins GYEN (which are tied to USD and JPY respectively). GMO Internet Group prides itself on building its own products and is an expert in developing blockchain-based products.

Klaytn Foundation in Singapore is a not-for-profit that helps to accelerate Klaytn’s global growth. Klaytn provides blockchain services and is an open-source platform.

Klaytn Foundation provides support to partners by providing various resources that allow them to test the feasibility and viability of blockchain-based businesses, in preparation for widespread adoption. Klaytn Growth Fund is one way this can be done. It supports various ecosystem players with capital deployments.

GMO Internet Group will use the Blockchain Technology Know-Hows that we have so far, and will seek to expand the potential of blockchain technology via the partnership.”
Ken Nakamura (chair of the cryptocurrency business committee at GMO Internet Group), said this.

“The collaboration of Japan’s biggest internet company with Korea’s top tech company is one that involves a shared commitment towards building open and new digital economies. It also offers a digital corridor for both markets via the Klaytn blockchain.”
David Shin, global adoption head at Klaytn Foundation.

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