The Bank of Japan is expanding its portfolio with services related to NFT and Web3.0

It’s only been a few days since we informed you that the University of Tokyo will open several study programs focused on the Metaverse, and today we have more news from this country related to the crypto industry. To be more precise, Japan’s second largest bank Sumitomo Mitsui Banking Corporation (SMBC) is expanding its portfolio with NFT and Web3.0 related services. The bank aims to create a token trading lab to test these new technologies in collaboration with Hashport, a company that provides tokenization and listing services in Japan.

According to many experts, it is this expansion of services in connection with the second largest bank Sumitomo Mitsui Banking Corporation (SMBC) that could contribute to the fact that many companies around the world would also join the digital asset trading business. SMBC’s long-term intention is to expand token trading in Japan, while the cooperation between SMBC and Hashport will also create a so-called a trading token lab that will “engage in surveys, research and demonstration experiments related to the promotion of token trading.” Japan therefore seems to be another country that is taking a friendly attitude towards this industry.