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bitbank, inc., a Crypto Asset Exchange Operator, Has Signed a Memorandum of Understanding With Sumitomo Mitsui Trust Holdings, Inc. to Establish a Trust Company Specializing in Digital Assetsbitbank, inc. (HQ: Tokyo Japan CEO: Noriyuki Hirosue) and Sumitomo Mitsui Trust Holdings, Inc. (HQ: Tokyo Japan, Director, President: Toru Takakura) have signed a memorandum of understanding with the purpose to establish "Japan Digital Asset Trust Preparatory Company, inc. *1 "JADAT"" which will be a preparatory company for the purpose of establishing a trust company specializing in digital assets*2. In the MOU, both parties agree to study the possibility of SuMi TRUST Holdings to invest in JADAT. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005408/en/ bitbank, inc., a crypto asset exchange operator, has signed a MOU with Sumitomo Mitsui Trust Holdings, Inc. to establish a trust company specializing in digital assets "JADAT" (Graphic: Business Wire) JADAT will get the know-how of digital asset storage management system with Japan's most advanced and higest security level of bitbank and the know-how of trust business of SuMi TRUST Holdings - a specialized trust bank group.
*1 After the registration by the related authorities based on the Trust Business Act, it is expected to change its business name to Japan Digital Asset Trust, inc..
About the new company
About bitbank, inc.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005408/en/ |