stablecoin
Blue Lab and Digital Entertainment Asset (DEA), a Singapore-based company operating a global problem-solving game platform business, will launch a joint proof-of-concept experiment "GLOCAL AGENTS – Local Secret Society" themed around "gamification aimed at sustainable regional revitalization" starting in June 2025. Users will receive rewards based on
stablecoin
JPYC announced that their previously issued prepaid payment instrument "JPYC Prepaid" will be treated as an electronic payment instrument starting June 1, 2025, following the required transition period after the amended Payment Services Act took effect on June 1, 2023. Handling of "JPYC Prepaid" from June
weekly
Welcome to the one hundred eleventh edition of the Japan FinTech Observer. For many, this was a three-day working week. For some, it was a four-day working weekend. Reading the announcements of Sony Bank's migration to a new core banking system reminded us of our own time in
stablecoin
Kaia has collaborated with Tether, the largest company in the digital assets industry, to integrate native USD₮ on the Kaia network. Through this launch, Tether and Kaia aim to strengthen USD₮’s dominance in Asia as the world’s largest USD-backed stablecoin with over 400 million global users by leveraging
stablecoin
This Sushi Tech panel discussion centered around the stablecoin revolution and its implications for mass adoption in Japan and Asia. The discussion highlighted stablecoins as cryptocurrencies designed to maintain a stable value, often pegged to reliable assets such as the US dollar, to mitigate volatility. The panelists, experts in the
cross-border payments
Progmat has commenced Phase 2 practical verification for "Project Pax," aimed at building a cross-border remittance infrastructure using stablecoins. In addition, The Shoko Chukin Bank has become the first domestic bank to participate in this project. 1. Background and Purpose Project Pax, announced in September 2024, aims to
crypto
Korean blockchain infrastructure company DSRV has signed a strategic Memorandum of Understanding (MOU) with Japan's Next Finance Tech (NFT). Through this agreement, both companies plan to jointly pursue blockchain infrastructure business across Asia, starting with the Japanese market. DSRV will provide infrastructure services in Japan including node operation,
stablecoin
Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, TIS, Ava Labs, and Fireblocks have signed a basic agreement concerning joint exploration of stablecoin utilization with a view toward future commercialization. Overview of the Agreement SMBC Group, TIS, Ava Labs, and Fireblocks have formally agreed to begin joint exploration of stablecoin
stablecoin
OwlTing Group partners with GMO-Z.com Trust Company to enhance the accessibility to GYEN, the first regulated Japanese Yen stablecoin. This strategic move aims to provide users with diversified cross-border transaction options in one of the world’s major reserve currencies. By integrating GYEN and ZUSD (USD stablecoin) into the
stablecoin
Circle today announced its deepened commitment to Japan by leveraging its Japanese entity, Circle Japan KK, and local partnerships to drive the adoption of Circle platforms and technologies in Japan. Circle’s partners in Japan will leverage Circle’s platforms to enable the adoption of USDC in Japan. These partnerships
stablecoin
IDA Finance Hong Kong (IDA), a leading digital asset company based in Hong Kong, Progmat, a digital assets platform provider backed by Japan's largest banking groups and technology firms, Datachain, a leading blockchain firm in Japan, and TOKI FZCO (TOKI), a cross-chain infrastructure provider, have announced a strategic
digital assets
Hitachi, together with NTT Digital, OPTAGE, Crypto Garage, JPYC, Chainalysis Japan, Digital Platformer, NEC, Nomura, bitbank, finoject, Hokkoku Bank, and Laser Digital Japan, has begun a proof-of-concept experiment from February to April 2025 aimed at improving the effectiveness and standardization of anti-money laundering practices for digital asset trading including cryptocurrency,