Japan's Minna no Bank Plans to Explore Stablecoin Applications on Solana

Minna no Bank, a digital bank under the Japanese Fukuoka Financial Group, has announced a collaboration with Fireblocks and local IT company TIS to conduct stablecoin-related experiments on the Solana blockchain. The aim is to explore application scenarios for consumers and businesses, with a focus on the use of stablecoins in the trading and settlement of real-world assets (RWA) such as digital bonds and real estate.
Previously, the bank conducted stablecoin experiments with Tokyo Kiraboshi Financial Group and Shikoku Bank on Japan Open Chain, an Ethereum-compatible chain in Japan. This expansion from a local chain to the public chain Solana demonstrates the interest of Japanese institutions in public chains with greater global influence.
TIS is also involved in several Japanese stablecoin projects, including those of SMBC (Sumitomo Mitsui Banking Corporation); Fireblocks is also involved, with related projects planning to use the Avalanche chain. [Odaily Planet Daily]