Stablecoin Launch by Major Japanese Bank

SMFG Partners with Ava Labs to Launch Stablecoin Framework

• Sumitomo Mitsui Financial Group (SMFG) partners with Ava Labs, Fireblocks, and TIS.
• The initiative includes a pilot project in 2025 and potential full release in 2026.
• The project explores using stablecoins for transactions involving real-world assets like government bonds and real estate.
• SMBC is involved in stablecoin and Real World Asset (RWA) sectors, participating in cross-border testing initiatives.

SMFG’s collaboration with Ava Labs aims to develop a stablecoin framework, starting with a pilot project in 2025 and potentially launching fully by 2026. The focus is on using stablecoins for transactions involving real-world assets such as government bonds and real estate.