GMO-Z.com Trust $6.75M Gyen Class Action Settlement

Individuals who purchased or acquired Gyen in New York or California at a time when it was unpegged from the Japanese yen between Dec. 29, 2020, and Oct. 10, 2025, and lost money as a result may be eligible to claim a cash payment from a class action settlement.

GMO-Z.com Trust Co. Inc. agreed to pay $6.75 million to settle a class action lawsuit alleging it violated New York and California law by failing to provide accurate disclosures about the stability of Gyen, a digital asset intended to remain pegged one-to-one to the Japanese yen.

Who can file a claim?

The settlement class includes all individuals and entities who purchased or acquired Gyen in New York or California at a time when it was unpegged from the Japanese yen between Dec. 29, 2020, and Oct. 10, 2025, inclusive, and lost money as a result.

Additional details

• If class members received a login ID and PIN with their settlement notice, the administrator preidentified them as potential class members who can log into the settlement portal to check eligibility and provide additional transaction information.
• Class members who did not receive a login ID and PIN must provide Gyen transaction information through the settlement website or by mailing a claim form.
• Each class member must submit one claim form per person or entity.

How much can class members get?

The total settlement fund is $6,750,000. The amount each class member receives depends on several factors:

• The amount of Gyen purchased
• The prices at which they purchased or sold Gyen
• The date of each transaction
• The total losses established through valid claims

The settlement administrator will distribute payments on a pro rata basis according to the court-approved plan of allocation.

• Recognized claim amounts depend on what happened to the Gyen after purchase. The settlement administrator will calculate them using the court-approved plan of allocation.
• For Gyen sold during the class period, the recognized loss is the lesser of the purchase price minus the JPY/USD exchange rate on the purchase date or the purchase price minus the sale price.
• For Gyen held as of Oct. 10, 2025, the recognized loss is the purchase price minus the JPY/USD exchange rate on the purchase date.
• For Gyen transferred from an exchange to a non-exchange location, the recognized loss is the lesser of the purchase price minus the JPY/USD exchange rate on the purchase date or the purchase price minus the JPY/USD exchange rate on the transfer date.

• Only claims resulting in a payment of $10 or more will receive a payout.

How to claim a Gyen class action settlement payment

Class members may file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The deadline to file a claim is June 5, 2026.

Settlement administrator's mailing address: Gyen Class Action Settlement Claims Administrator, P.O. Box 25229, Santa Ana, CA 92799

Proof or documentation required to submit a claim

All class members must provide the last four digits of their Social Security or tax identification number, as well as proof of wallet or exchange account ownership. They must also provide Gyen transaction information, including:

• Quantity of Gyen owned as of Dec. 28, 2020
• Transaction dates and quantities bought or sold between Dec. 29, 2020, and Oct. 10, 2025
• Quantity of Gyen held at the end of the day on Oct. 10, 2025

Class members must also provide documentation to support their transactions. Acceptable proof includes:

• Records of Gyen transactions from exchanges or wallets
• Documentation of wallet or exchange account ownership

Class members who cannot electronically access their wallet must submit genuine and best available documentation of proof of ownership and all Gyen transactions. Those with special circumstances, such as lost credentials or transactions at defunct exchanges, should attach a signed letter describing the details with as much supporting documentation as possible.

Payout options

• Check
• PayPal
• Venmo (U.S. only)
• Zelle (U.S. only)
• ACH or wire transfer

$6.75 million settlement fund

The $6,750,000 settlement fund includes:

• Settlement administration costs: Up to $150,000
• Attorneys' fees: Up to $2,250,000
• Attorneys' expenses: Up to $110,000
• Service awards to plaintiffs: Up to $22,500 total ($7,500 each)
• Payments to eligible class members: Remainder of the fund

Important dates

• Opt-out deadline: April 30, 2026
• Fairness hearing: May 27, 2026
• Deadline to file a claim: June 5, 2026

When is the Gyen class action settlement payout date?

The settlement administrator will issue payments after the court resolves any appeals and grants final approval of the settlement.

Why did this class action settlement happen?

The class action lawsuit alleged GMO-Z.com Trust Co. Inc. violated New York and California law by failing to provide accurate disclosures about the stability of Gyen, a digital asset intended to remain pegged to the Japanese yen. The plaintiffs claimed the lack of disclosure caused losses when Gyen became unpegged.

GMO-Z.com Trust Co. Inc. denied all allegations of wrongdoing but agreed to settle to avoid the uncertainty, risks and costs of continued litigation.

Sources

1. Class notice
2. Settlement website FAQ page
3. Claim form