Dossier
SMBC
Coverage of SMBC in the Nexus archive.
- Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027
Japan's largest banks, MUFG Bank, Mizuho Bank, and SMBC, have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026. The stablecoin is projected to launch by March 2027.
- Japan’s three megabanks to debut live stablecoin transactions by March 2027
MUFG Bank, Mizuho Bank, and SMBC have established a council to explore operational frameworks and governance for stablecoin issuance, aiming to launch live stablecoin transactions by March 2027.
- SMBC Adds to Securitized Products Team as Part of Global Push
SMBC is expanding its securitized products team as part of a global push. The move is likely to increase the bank's presence in the global market. This expansion is a strategic step for Sumitomo Mitsui Banking Corp.