According to Golden Finance, SMBC Nikko Securities, a subsidiary of Japan’s Sumitomo Mitsui Financial Group (SMFG), recently announced a strategic investment in Hashed Venture Fund III, a blockchain fund under Hashed Venture. At present, the specific investment amount has not been disclosed to the public.
This investment is of great significance and is expected to open up broader space for cooperation between Japan’s traditional finance and the Web3 industry. It is reported that Nikko Open Innovation Lab (NOIL), an innovation laboratory under Sumitomo Mitsui Securities, is actively promoting the “Proof of Japan” project.
This project aims to digitize Japanese cultural assets by leveraging NFT technology. This is undoubtedly a beneficial attempt at the deep integration of traditional finance and emerging Web3 technology in the cultural field. In the future, as the cooperation between the two sides deepens, it may bring more innovations and changes to Japan’s financial market and cultural industry, which is worth continuous attention.
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