Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets -Breaking
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Japan’s Bitbank will establish a custody company to allow institutional access to the local markets.The partnership between Sumitomo Mitsui Trust Holdings and Japanese crypto exchange Bitbank is an exciting development for East Asia. This will help to establish Japan Digital Asset Trust (JADAT).
Cointelegraph was informed Tuesday that JADAT has been created in order to provide custodial and audit services as well as wallet insurance. This company will facilitate institutional players’ entry to the Japanese digital asset markets.
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