Establishment of “Token Business Lab” to Create Ecosystem～
HashPort, Inc. (Headquarters: Minato-ku, Tokyo, CEO: Seihaku Yoshida, hereinafter collectively called HashPort Group), its consolidated subsidiaries, HashPalette, Inc. (Headquarters: Minato-ku, Tokyo, CEO: Seihaku Yoshida) and HashBank, Inc. (Head Office: Minato-ku, Tokyo; CEO: Kazuyuki Tsuji) are pleased to announce that we have signed a MOU Agreement with Sumitomo Mitsui Financial Group, Inc. (Headquarters: Chiyoda-ku, Tokyo, Group CEO: Jun Ohta , hereinafter collectively called SMBC Group) and its consolidated subsidiaries, Sumitomo Mitsui Banking Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO: Makoto Takashima) to begin discussions for collaboration in the token business including NFTs.
In the Web 3.0 field, also known as the post-Internet technology, various players are entering the market and providing new services globally that are mainly focused on NFTs which represent digital assets and contents.
In addition, the “Grand Design and Action Plan for a New Form of Capitalism” and the “Priority Policy Program for Realizing Digital Society” decided by the Japanese Cabinet in June 2022 call for creating an environment to promote Web 3.0, and businesses in this field are likely to expand rapidly in the near future.
In response to these movements, SMBC Group and HashPort Group will create an ecosystem involving many players in the NFT domain by combining SMBC Group’s broad customer base and expertise in various businesses with HashPort Group’s wealth of knowledge and technology related to Web 3.0.
Specifically, both companies will establish a “Token Business Lab” to integrate the knowledge of the two groups, and we will conduct surveys, research, and experiments related to the promotion of the token business.
Additionally, we will provide commercialization support and consulting services to customers considering NFTs and other token businesses. We will also consider the potential development of SMBC Group’s own token business.
In anticipation of the Web 3.0 era, we hope to encourage the spread of the token business in Japan by working with many players in the ecosystem to create a digital custody service* and other functions in the future.
*Digital custody service: A service to manage and store NFTs and other tokens on behalf of customers
■ SMBC Group Profiles
＜Sumitomo Mitsui Financial Group＞
Company Name : Sumitomo Mitsui Financial Group, Inc.
Location : 1-1-2, Marunouchi, Chiyoda-ku, Tokyo
Representative : Jun Ota
Establishment : December 2, 2002
Business Overview : Management and administration of banks and other companies that may be made subsidiaries under the Banking Act, and other operations incidental thereto
URL : https://www.smfg.co.jp/
＜Sumitomo Mitsui Banking Corporation＞
Company Name : Sumitomo Mitsui Banking Corporation
Location : 1-1-2, Marunouchi, Chiyoda-ku, Tokyo
Representative : Makoto Takashima
Establishment : June 6, 1996
Business Overview : Banking business
URL : https://www.smbc.co.jp/
■ HashPort Group Profiles
＜HashPort＞
Company Name : HashPort Inc.
Location : EDGE Shiba 4-chome BLDG, 4-5-10, Shiba, Minato-ku, Tokyo
Representative : CEO Seihaku Yoshida
Establishment : July 13, 2018
Business Overview :
Provision of services related to token business utilizing blockchain and NFT in Web 3.0, etc.
URL : https://hashport.io/en/
＜HashPalette＞
Company Name : HashPalette Inc.
Location : EDGE Shiba 4-chome BLDG, 4-5-10, Shiba, Minato-ku, Tokyo
Representative : CEO Seihaku Yoshida
Establishment : March 2, 2020
Business Overview :
Development of “Palette”, a blockchain network optimized for distribution in NFT, and development, sales, and consulting of NFT-related systems and business.
URL : https://hashpalette.com/
Twitter : https://twitter.com/hashpalette
＜HashBank＞
Company Name : Hashbank Inc.
Location : EDGE Shiba 4-chome BLDG, 4-5-10, Shiba, Minato-ku, Tokyo
Representative : CEO Kazuyuki Tsuji
Establishment : April 15, 2022
Business Overview : Research and provision of financial infrastructure using blockchain technology
URL : https://hashbank.co.jp/
■ Contact us
Public Relations – HashPort Inc.
■ Hiring Info
HashPalette and its parent company, HashPort, are actively hiring for a wide range of positions in engineering, business development, global strategy, and back office to realize our mission of “digitizing all assets”. If you are interested in blockchain technology, crypto assets or NFTs, and want to be a leader in the Web3 era to transform society through the “digitalization” of finance, we are looking forward to your entry.
List of Open Positions(Japanese): https://www.wantedly.com/companies/company_2908299
