SMBC has previously dabbled in Web3 by establishing Token Business Lab in 2022 with local firm HashPort to provide blockchain services focused on NFTs.
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Japan's second-largest bank SMBC eyes stablecoin launch with Ava Labs: Nikkei
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Sumitomo Mitsui Banking Corporation (SMBC) is Japan’s second-largest bank and part of the broader Sumitomo Mitsui Financial Group (SMFG).
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