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SMBC, Ava Labs, Fireblocks sign MoU for stablecoin framework in Japan
2.4.2025
Sumitomo Mitsui Financial Group (SMBC), a Japanese banking and financial services conglomerate, along with business systems firm TIS Inc, Ava Labs — the developer of the Avalanche network — and digital asset infrastructure company Fireblocks, have signed an agreement to explore...
Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks
2.4.2025
Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year
Japanese Bank SMBC to Foray Into NFT and Web3 Markets
27.7.2022
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers...