Sumitomo Mitsui Trust Holdings officially announced that it has begun to consider establishing a trust company to manage crypto assets in collaboration with an exchange company while the outflow of crypto assets due to unauthorized access is an issue. bottom.

Once established, it will be the first in Japan to expand business and investment utilizing crypto assets.

According to the announcement, Sumitomo Mitsui Trust Holdings will work with Bitbank, a crypto asset exchange company, to consider establishing a trust company that manages crypto assets such as Bitcoin owned by companies and institutional investors. I have reached a basic agreement.



With the widespread use of crypto assets in the virtual space "Metaverse" on the Internet and online games, major financial institutions have entered the asset management business one after another in Europe and the United States, and companies and institutional investors have become customers and cryptocurrencies. Businesses and investments that utilize assets are also expanding.



On the other hand, in Japan, there is no major financial institution that manages crypto assets so far, and if a trust company for crypto assets is established, it is expected to be the first in Japan.



Both companies intend to improve security by utilizing the asset management know-how of Sumitomo Mitsui Trust and the technology related to crypto asset transactions possessed by Bitbank, and hope to promote the expansion of crypto asset-related businesses and investments. is.