Sumitomo Mitsui partners with crypto exchange Bitbank to offer custodial services to institutional clients

Sumitomo Mitsui Trust Holdings Inc is joining the growing list of global financial giants getting into crypto. The financial services firm has teamed up with a Japanese crypto exchange to create a company that will manage digital assets for its institutional clientele. Sumitomo Mitsui just signed a memorandum of understanding with Bitbank, a Japanese crypto exchange operator, that will allow it to offer custody services, according to Bloomberg. The planned services will support public blockchain-based crypto assets such as Bitcoin (BTC), Ethereum (ETH), and non-fungible tokens...


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