GMO New York Trust Charter
GMO’s New York limited purpose trust charter, from the NYDFS register.
- Legal name (NYDFS)
- GMO-Z.com Trust Company, Inc.
- Approval
- Limited purpose trust company
- Approved (as published)
- December 29, 2020
- Status
- Active
- Approved activities
- issue, administer and redeem JPY- and USD-pegged stablecoins
GMO-Z.com Trust Company, Inc. is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company under the New York Banking Law, approved on December 29, 2020.
What NYDFS approved. Issue, administer and redeem JPY- and USD-pegged stablecoins.
Questions
Is GMO a New York trust company?
Yes. NYDFS lists GMO-Z.com Trust Company, Inc. as a limited purpose trust company, granted December 29, 2020.
What can a New York trust company do?
A limited purpose trust company chartered by NYDFS can act as a fiduciary, for example as a custodian of digital assets, under New York Banking Law supervision.
Browse all firms in the NYDFS BitLicense list.
- Brand
- GMO
- Approved
- NYDFS announcement
- dfs.ny.gov
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses Approved activities; PR dated December 29, 2020 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202012291
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.