Japan’s major banks back new stablecoin project for global trade
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20. Go to Source
Sumitomo mitsui
Auto Added by WPeMatico
Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business
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 to Enter Digital Custody … Read more
