Seven companies, including major trust banks, have decided to collaborate on the development of a system that will serve as the foundation of the market that handles digital assets, with the aim of revitalizing transactions such as digital securities and crypto assets.
Seven companies, including Mitsubishi UFJ Trust and Banking, Sumitomo Mitsui Trust Bank, Mizuho Trust and Banking, and NTT DATA, are collaborating to revitalize digital asset transactions.
The seven companies will establish a joint venture by the fall of next year, and will collaborate on the development and operation of systems that will form the basis of markets that handle so-called digital assets, such as digital securities and crypto-assets.
The common system is expected to reduce costs and improve convenience for users, such as making it easier to buy and sell digital assets and make payments beyond the boundaries of financial institutions. increase.
Tatsuya Saito of the Digital Planning Department of Mitsubishi UFJ Trust and Banking, who will serve as the president of the joint venture, said, "Digital assets are a market that is attracting attention at the moment, and there are many companies entering the market, but there is a risk that the market will be divided if each company has a flood of systems. We would like to eliminate inconveniences for users through the development of common infrastructure and grow the market as a whole."