BEAMSTART Logo

HomeNews

Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks

CoinDesk LogoCoinDesk2w ago

Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks - CoinDesk

Quick Summary:

Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.

SMBC has previously engaged in digital asset initiatives, including establishing a digital asset custodian in 2022 and testing security token issuance with asset tokenization firm Securitize in 2021.

The timeline for potential commercial rollout has not been specified.

More Pictures

Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks - CoinDesk (Picture 1)

or

Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 13:34:13 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27541824

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks" has 294 words across 25 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks" was covered 2 weeks ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 3 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27541824
  • URL: https://citrocola.beamstart.com/news/japanese-banking-giant-smbc-explores-1743601483810

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.