JADAT: Sumitomo Mitsui Trust partners with Bitbank to launch cryptocurrency custody

Sumitomo Mitsui Trust Holdings, a financial holding company, and Bitbank, a Japanese crypto exchange, have announced a partnership to create (JADAT) Japan Digital Asset Trust. On Tuesday, the announcement came that JADAT would provide: Custodial services, auditing and wallet insurance. Institutional investors will be able to more easily enter the Japanese digital asset market with the...