On June 5, SMFG's securities subsidiary, SMBC Nikko Securities, announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III. The specific investment amount has not been disclosed.
According to reports, this investment may promote broader cooperation between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation laboratory, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," which aims to utilize NFT technology to digitize Japanese cultural assets.
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Mitsui Sumitomo Trust and Banking's strategic investment in Hashed Blockchain Fund promotes the integration of Web3 and TradFi.
On June 5, SMFG's securities subsidiary, SMBC Nikko Securities, announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III. The specific investment amount has not been disclosed.
According to reports, this investment may promote broader cooperation between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation laboratory, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," which aims to utilize NFT technology to digitize Japanese cultural assets.