Minnano Bank has partnered with digital asset security firm Fireblocks, blockchain platform Solana Japan, and technology provider TIS to explore the integration of stablecoin payments and Web3 wallet solutions for everyday retail banking.
The collaboration aims to reduce the volatility risks associated with cryptocurrency transactions through stablecoin adoption while investigating potential decentralized finance (DeFi) applications. It will establish new payment infrastructure where stablecoins serve as a medium of exchange for daily consumer transactions.
Research efforts will specifically assess the practical implementation of Web3 wallets, prioritizing interoperability across financial systems and strict adherence to regulatory compliance standards. This includes examining secure wallet architecture and permissioned ledger solutions.
The initiative supports Japan’s broader strategy to modernize its financial ecosystem through technology adoption, potentially positioning the country as an innovator in blockchain-powered retail banking services.