Japanese stablecoin technology provider GUGroup has completed 420 million yen (approximately US$2.9 million) in financing, with Japanese investment institution B Dash Ventures participating in the investment. GUGroup also raised part of the funds by selling tokens to some overseas investors.
GUGroup is the initiator of the Ethereum-compatible chain Japan Open Chain. Currently, Sony subsidiaries Corgear, NTT Docomo, Dentsu and other companies have become the validator nodes of this chain.
GuGroup owns GUCoin Studio, a stablecoin issuance solution subsidiary. The company has launched stablecoin pilots with three financial institutions: Shikoku Bank, Fukuoka Financial Digital Bank Minna no Bank, and Tokyo Kiraboshi Financial Group. (Ledger Insights)