Cole Lipsky

By Banks are accelerating plans to issue stablecoins for instantaneous, round-the-clock settlement, with many ditching in-house builds in favour of industry consortia to reduce fragmentation and broaden distribution in the fast-growing market. In October 2025, a consortium of nine bank heavyweights comprising Goldman Sachs, Bank of America, BNP Paribas, Citigroup, Deutsche Bank, MUFG Bank, Santander

Nomura is weighing whether to issue its own stablecoin, as the Japanese bank deepens its push into digital asset markets. For now, it intends to use stablecoins rather than mint one – but it has left the door open to becoming an issuer as client demand and regulations evolve. “Depending on the use case, Nomura issuing its own stablecoin is a possible option,” says Toshinori Sasaki, managing director in the digital asset strategy department at Nomura. “But at this stage, our intention is first to