SoftBank Increases AI Investment Through $15 Billion Syndicated Loan

The tokenization platform Progmat has completed its Pre-A round of financing, with four institutions including MUFG and Mizuho Bank having their holdings diluted.

Avalanche is partnering with one of Japan’s largest banks, Sumitomo Mitsui Banking Corporation, to develop a framework for stablecoin issuance and circulation. We will evaluate use cases for stablecoins together, including tokenized Real World Assets such as bonds and real estate.

Mitsui Sumitomo Bank of Japan collaborates with Ava Labs and Fireblocks to explore stablecoin applications.

NVIDIA-backed Sakana AI Raises $214 Million in Series A Funding

Mitsubishi UFJ Financial Group: Considering the possibility of the Federal Reserve cutting interest rates by 50 basis points in the near future.

Wu said daily selected crypto news - US August unemployment rate recorded 4.2%

Japan's three largest banks will participate in the testing of a cross-border stablecoin transfer platform.

Japan's three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank, will pilot a stablecoin platform to provide faster international settlements for businesses. The program, called Project Pax, will be operated by blockchain companies such as Progmat, Datachain and TOKI, and more banks around the world are expected to participate.

Japan's three major banks will pilot a stablecoin platform.

Japan's Major Banks to Pilot Cross-Border Stablecoin Transfer Platform

Japan's three major banks will test a cross-border stablecoin transfer platform.

Japan's three largest banks join forces to test the cross-border stablecoin transfer platform Project Pax, planning for commercial use by 2025.

Japan's Major Banks Support New Stablecoin Project for Global Trade