The company announced that it will launch a crypto custody company in partnership with Bitbank, a Tokyo-based cryptocurrency exchange.
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade custody for digital assets and NFTs.Sumitomo Mitsui Trust Bank, a major financial institution in Japan, has decided to enter the cryptocurrency custody business.
However, the Japan Digital Asset Trust will also be offering a different product. According to reports, the new company has plans to issue a yen-pegged stablecoin, supported by regulations allowing banks to launch this kind of product. There have been no further details on this from any of the players in the partnership.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: ReportCORRECT: Sumitomo Mitsui Trust will set up a joint venture with bitbank_inc to custody digital assets for institutions. Reporting by OKnightCrypto
Les mer »
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: ReportCORRECT: Sumitomo Mitsui Trust will set up a joint venture with bitbank_inc to custody digital assets for institutions. Reporting by OKnightCrypto
Les mer »
Brazilians can now buy apartments with Bitcoin from listed property developerGafisa, one of Brazil’s major real estate developers, has announced it will now accept Bitcoin as payment for apartment purchases,... Continue reading
Les mer »
Crypto Firms Launch Community-Powered Scam Reporting Platform 'Chainabuse' – Featured Bitcoin NewsBinance, Circle, and several other crypto firms have launched a new scam reporting platform. cryptocurrency bitcoin $BTC
Les mer »
Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US – Bitcoin NewsLuxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States.
Les mer »
Bank of England Governor Claims Bitcoin Will Fail as Payment MethodBank of England Governor Andrew Bailey insists Bitcoin has no intrinsic value
Les mer »