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Japan’s Minna no Bank plans to explore stablecoin applications on Solana
Odaily News Minna no Bank, a digital bank under the Fukuoka Group in Japan, announced that it will cooperate with Fireblocks and local IT company TIS to conduct stablecoin-related experiments on the Solana blockchain to explore application scenarios for consumers and enterprises, focusing on the use of stablecoins in the transaction settlement of real assets (RWA) such as digital bonds and real estate.
Previously, the bank had conducted a stablecoin trial with Tokyo Kiraboshi Financial Group and Shikoku Bank on Japan Open Chain, a local Ethereum-compatible chain in Japan. The expansion from the local chain to the public chain Solana shows the interest of Japanese institutions in public chains with greater global influence.
TIS is also involved in a number of Japanese stablecoin projects including SMBC (Sumitomo Mitsui Banking Corporation); Fireblocks is also involved, and related projects plan to adopt the Avalanche chain.
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