Japan's Bitbank to set up a custody firm to facilitate institutional entry to...
In partnership with Sumitomo Mitsui Trust Holdings, crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian. In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to Cointelegraph on Tuesday, JADAT will be created to offer custodial services along with auditing and wallet insurance. The company is designed to facilitate the entrance of institutional players....
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Bitbank Register. Japan's fast-growing digital currency sector has another new player, a multi-service bitcoin company called Bitbank that aims to capitalize on the country's existing love of both online shopping and electronic payments in physical stores. The company says it is the first online bitcoin payments system in Japan and its motto is 'Bitcoin for Everyone'. Bitbank's feature list now includes a wallet service, the 'Bitbank Register' service for local payments at local restaurants, and 'Bitbank Pay' specifically for online businesses. Fees and accounts. Bitbank Pay is available....
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 Business
Sumitomo Mitsui Trust Bank, a major financial institution in Japan, has decided to enter the cryptocurrency custody business. The company announced that it will launch a digital assets custody....
Sumitomo Mitsui Trust will partner with Bitbank to form a company focused on institutional custodial services for bitcoin and other cryptocurrencies.
According to reports, equity exchange operator Nasdaq is soon to make its entry into the institutional crypto custody service. The reason behind this move can be alluded to as increasing the scope of the operator’s range of services that have been provided within this particular space. Nasdaq is a firm that operates in the markets […]
Major Japanese cryptocurrency exchange Coincheck launched its own NFT marketplace back in March 2021. At least one out of four cryptocurrency investors in Japan had an experience of holding nonfungible tokens (NFTs), according to a new survey.Major Japanese crypto exchange BitBank conducted an online survey diving into the NFT investment trends in the Japanese cryptocurrency market.Releasing the survey results on Nov. 25, BitBank said that it polled 2,061 cryptocurrency users within a period from Oct. 26 to Nov. 1, 2021. The respondents included clients of BitBank as well as crypto holders....