Minna no Bank, the digital banking arm of the Fukuoka Group, announced plans for stablecoin experiments involving the Solana blockchain, Fireblocks and local IT company TIS.
The bank, one of the first digital only institutions in Japan, plans to explore consumer and corporate use cases. In particular, it wants to explore using stablecoins to settle transactions involving tokenized real-world assets (RWA) such as digital bonds and real estate. Compared to other jurisdictions, real estate tokenization is comparatively advanced in Japan, with fairly regular issuances by real estate firms and financial institutions.
Previously Minna no Bank was involved in stablecoin experiments with two smaller Japanese banks, Tokyo Kiraboshi Financial Group and Shikoku Bank. In that case it used the Japan Open Chain blockchain, an Ethereum compatible chain with the validators comprising Japanese corporates, including the bank. The founder of the blockchain, Gu Technologies, also has a stablecoin subsidiary that conducted those trials.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
