The Japanese bank SuMi, together with the cryptocurrency exchange Bitbank, created a platform for storing digital assets and non-fungible tokens.
The project was named JADAT. To start working, the company must obtain permission from regulators. All information has already been published on the official website of JADAT. In the future, the company plans to obtain a license.
The new trust company will manage the digital assets of its clients. From Tokyo-based parent companies, JADAT will receive experienced executives with experience in both centralized and decentralized (DeFi) finance.
SuMi Bank works with both retail and wholesale clients. He has been providing services since 2002. Crypto exchange Bitbank is considered one of the largest in the Asia-Pacific region. The monthly trading volume on the platform is over $5 billion.
The cooperation of these two companies will provide reliable storage of digital assets. This is exactly what is needed to attract institutional investors to the cryptosphere. So says Bitbank CEO Noriyuki Hirosue.
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