GMO-Z.com Trust Company Works to Address Trading Halt

GMO Internet Group and its subsidiaries value our customers and GMO-Z.com Trust Company (GMO Trust) is committed to the growth and development of its JPY-pegged stablecoin GYEN. GMO Trust is working diligently with Binance to address the recent trading halt of “GYEN” on Binance’s exchange. With the digitization of one of the world’s most traded currencies, we remain steadfastly committed to ensure all GMO Trust account holders can redeem directly 1:1 from GMO Trust in JPY fiat.

We will provide an additional update when GMO Trust has addressed the issues that led to a trading halt on Binance. GYEN is a financial-grade digital asset issued by GMO Trust, 100% backed by JPY and audited publicly on a monthly basis by an independent, accredited national accounting firm.