Japan's Second Largest Bank To Launch Institutional Bitcoin, Crypto Custodial...
Sumitomo Mitsui Trust will partner with Bitbank to form a company focused on institutional custodial services for bitcoin and other cryptocurrencies.Japanese bank Sumitomo Mitsui Trust is launching a new company for institutional clients looking for custodial services for bitcoin and other cryptocurrencies.The new company will be called Japan Digital Asset Trust and is a joint-venture with 85% ownership belonging to Bitbank, and 15% belonging to Mitsui Trust. The venture reportedly has $2.3 million of committed capital for launch and expects to raise a total of $78 million. Sumitomo Mitsui....
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