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Sumitomo Mitsui Banking Corporation Establishes 'HOOPSLINK' Innovation Hub to Advance Web3 and Stablecoin Business Collaboration

Summary: In a recent announcement, Sumitomo Mitsui Financial Group (SMBC), one of Japan's three largest banks, revealed the establishment of a new business collaboration hub 'HOOPSLINK' in Marunouchi, Tokyo. This hub will focus on cutting-edge technologies such as generative AI, Web3, quantum computing, stablecoins, and AR applications. The aim of this hub is to facilitate collaboration ...

In a recent announcement, Sumitomo Mitsui Financial Group (SMBC), one of Japan's three largest banks, revealed the establishment of a new business collaboration hub 'HOOPSLINK' in Marunouchi, Tokyo. This hub will focus on cutting-edge technologies such as generative AI, Web3, quantum computing, stablecoins, and AR applications. The aim of this hub is to facilitate collaboration between large enterprises and startups to create new businesses, and accelerate the transformation of SMBC's existing stablecoin research into concrete projects.

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