Ethereum

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when

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USDC

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/japanese-financial-giant-experiments-with-usdc-in-blockchain-integration/" data-wpel-link="internal">Japanese Financial Giant Experiments with USDC in Blockchain Integration</a><br></p>
<p style="text-align: justify">Proof of concept is increasingly reinforcing the view that major financial institutions are continuing to test blockchain tools they believe can be integrated within their systems. A development related to this occurred when one of Japan’s giant firms added USDC to its agenda.</p> 
<h2 style="text-align: justify" id="institutions-approach-to-cryptocurrency">Institutions’ Approach to Cryptocurrency</h2> 
<p style="text-align: justify">Positioned as an institutional crypto firm, Keyring Network is conducting transfer trials of the wrapped version of the USDC stablecoin for Laser Digital, a subsidiary of the Japanese banking giant Nomura.</p> 
<p style="text-align: justify">According to Keyring’s co-founder <strong>Mélodie Lamarque</strong>, this move emphasizes the extensive institutional trials being conducted with approved blockchains and crypto assets like stablecoins.</p> 
<p style="text-align: justify">In Lamarque’s statement to The Defiant, she noted that her company facilitated permissioned trading within the Laser Digital ecosystem by leveraging Wrapped USDC and Keyring’s compatibility framework.</p> 
<p style="text-align: justify">Lamarque pointed out that the transfers conducted by Laser Digital were not tested on a trial network but on the main <a href="https://en.coin-turk.com/ethereums-milestone-a-reflection-of-vitalik-buterins-vision-and-supply-policy-evolution/" data-wpel-link="internal">Ethereum</a> network.</p> 
<p style="text-align: justify">This is considered proof of the mentioned company’s real intent to test crypto systems and is seen as an impressive move given the close ties with a well-established company like Nomura.</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-330307-src-https-coin-turk-com-wp-content-uploads-2024-03-laser-digital-kurum-usdc-jpg-alt-width-1475-height-790"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-330307" src="https://coin-turk.com/wp-content/uploads/2024/03/laser-digital-kurum-usdc.jpg" alt="" width="1475" height="790"></h2> 
<h2 style="text-align: justify" id="why-is-this-event-noteworthy">Why Is This Event Noteworthy?</h2> 
<p style="text-align: justify"><strong>Nomura Asset Management</strong> stands out as one of the companies at the top of the financial system with an AUM of 531 billion dollars, according to the company’s statement.</p> 
<p style="text-align: justify">Even the fact that the company’s step towards cryptocurrencies is being carried out through a subsidiary highlights the growing entry of the crypto asset industry into the world’s largest financial institutions.</p> 
<p style="text-align: justify">Lamarque reiterated her confidence in the moves made, stating that Keyring, a firm specialized in creating compatibility tools for institutions wanting to benefit from smart contracts, is supporting Laser Digital in “rebuilding the bank.”</p> 
<p style="text-align: justify">Keyring has raised a significant amount of 6 million dollars as seed funding for the continuity of this process.</p> 
<p style="text-align: justify">According to Lamarque, the regulatory environment is not converging into a single framework, and she does not see it that way. Lamarque added that such an event would not be logical and stated:</p> 
<blockquote> 
 <p style="text-align: justify">Trying to harmonize international laws will not work.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/japanese-financial-giant-experiments-with-usdc-in-blockchain-integration/" data-wpel-link="internal">Japanese Financial Giant Experiments with USDC in Blockchain Integration</a></h5>

Japanese Financial Giant Experiments with USDC in Blockchain Integration

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