Minna Bank signed a memorandum of understanding with Trek Labs, Backpack’s Japanese subsidiary, to connect the bank’s services with Backpack’s crypto platform. Trek Labs is preparing to register as a cryptocurrency service provider in Japan. The planned link would let Backpack customers deposit and withdraw Japanese yen through Minna Bank’s infrastructure.
The companies also plan to explore tokenized deposits and Backpack services within Minna Bank’s app. The source suggests trading services could reach the bank’s more than 1.7 million users, but does not say they are available.
