Japan's Minnano Bank Launches Stablecoin Experiment on Solana, Explores RWA Settlement Utilization
Suehyeon Lee
Summary
- Japan’s Minnano Bank announced it will conduct a stablecoin experiment on the Solana blockchain.
- This experiment aims to verify the use of stablecoins for real world asset (RWA) settlement through collaboration with Fireblock and TIS.
- Previously, Minnano Bank had experience running a stablecoin pilot on the Japan Open Chain.
Japan’s digital bank Minnano Bank, part of the Fukuoka Group, announced it will conduct a stablecoin experiment on the Solana (SOL) blockchain.
According to O'Daily on the 10th (local time), Minnano Bank in Japan will conduct a stablecoin-related experiment on the Solana blockchain in collaboration with Fireblock and local IT company TIS.
Through this experiment, Minnano Bank plans to verify ways to use stablecoins for settlement of real world assets (RWA) transactions, such as digital bonds and real estate.
Previously, Minnano Bank, together with Tokyo Kiraboshi Financial Group and Shikoku Bank, conducted a pilot operation of stablecoins on Japan Open Chain, a local chain in Japan compatible with Ethereum (ETH).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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