Sumitomo Mitsui Financial Group to Acquire 5% Stake in SBI-Startale Joint Venture to Advance Japanese Yen Stablecoin JPYSC Adoption
Source：
www.nadanews.com
According to Nikkei, Sumitomo Mitsui Financial Group (SMFG) plans to acquire a 5% stake in SBI Startale Marketing, a joint venture established by SBI Holdings and Startale Group, in the near term. The two parties intend to leverage SMFG's customer base to promote the application of the Japanese yen stablecoin JPYSC in financial services such as asset management and payments.
