G.U.Group, inc. (Headquarters: Shibuya, Tokyo; CEOs: Hidekazu Kondo and Daimei Inaba; hereinafter referred to as "the Company"), a provider of Web3 solutions including stablecoin issuance and management systems as well as Japan Open Chain blockchain infrastructure, is pleased to announce it signed a Basic Agreement on November 14, 2024, in Bangkok, Thailand, with Orbix Technology & Innovation Co., Ltd. (Headquarters: Bangkok, Kingdom of Thailand; Managing Director: Yarnvith Raksri; hereinafter referred to as "orbix TECHNOLOGY"), the developer of the Quarix blockchain infrastructure, for the development of blockchain-based solutions for digital finance and secure infrastructure.
◽️ About This Project
The Company and Orbix Tech and will focus on building robust blockchain infrastructure that supports secure, scalable digital finance. Key initiatives will include exploring proof-of-concept applications that enhance cross-border financial connectivity and interoperability. This collaboration also leverages the unique capabilities of smart contracts, which can program payment conditions directly on the blockchain, reduce intermediary costs, and increase efficiency. Together, these efforts aim to lay a foundation for future blockchain applications, creating a bridge for secure, digital transactions that meet regulatory standards.
"This collaboration with G.U. Group aligns with our vision to use Quarix as a foundation for a more connected digital finance ecosystem in Asia," said Mr. Yarnvith Raksri, Managing Director of Orbix Tech. "Together, we aim to bring forward innovative solutions that address the modern demands of efficiency and security in digital finance."
The Company echoed this vision: "Partnering with Orbix Tech allows us to advance our shared commitment to secure, efficient blockchain solutions for businesses and consumers," said Mr.Hidekazu Kondo, CEO of the Company. "We are considering experiments for exchanging yen-denominated stablecoins with Thai baht aiming to build a new global financial infrastructure that leverages digital currency between Japan and Thailand.
In Japan, the revised Payment Services Act, enacted on June 1, 2023, officially recognized the use of stablecoins for remittance and payment purposes. Against this backdrop, the Company is advancing initiatives for issuing and promoting the use of stablecoins internationally through partnerships with overseas banks.
The partnership between the Company and Orbix Tech sets the stage for a broader blockchain platform, with a strong emphasis on regulatory compliance, scalability, and real-world applicability. The aiming success of this project is to not only enhance cross-border payment infrastructure and connect the blockchain frameworks of Thailand and Japan. This is an important step toward positioning both countries as leaders in cross-border payments in Asia, with further initiatives expected as the partnership evolves.
◽️ Japan Open Chain : A Blockchain Optimized for Financial Businesses Supporting Stablecoin Issuance and Circulation, Compliant with Japanese Law
.png?width=4233&height=900&name=logo_horizontal_primary%20(2).png){kind=logo}
Japan Open Chain is an Ethereum-compatible (Layer 1) public blockchain operated by rigorously vetted validators (blockchain operation partners), including renowned industry leaders such as CORGEAR, a Sony Group startup; NTT Communications from the NTT Group; DENTSU; TIS; and other prominent companies. Designed in compliance with Japanese law, Japan Open Chain offers a practical blockchain infrastructure that is safe, secure, and affordable for users worldwide. It is particularly optimized for applications in the financial and business sectors.
Official Site | X (Twitter) | Discord
◽️ About Orbix Technology & Innovation Co., Ltd.
Orbix Tech is a subsidiary of Unita Capital Co., Ltd., Orbix Tech develops Quarix blockchain infrastructure and solutions for long-term value in digital asset markets. Through Quarix, Orbix Tech drives real world adoption in blockchain with a focus on practical use cases that bridge traditional finance, secure assets, and verified identities.
[Company Overview]
Company Name: Orbix Technology & Innovation Co., Ltd.
Location: No. 188/72, K Plus Building, Charas Muang Road, Wang Mai Sub-district, Pathum Wan District, Bangkok 10330
Representative: Yarnvith Raksri
Founded: 2023
URL: https://www.orbix.tech/ and https://www.quarix.io/
Business Overview: Blockchain infrastructure operator and blockchain end-to-end solution provider.
Affiliates: Unita Capital Co., Ltd.