Japan’s largest banks collaborate to introduce stablecoins to Cosmos

Jul 07, 2023 | News On Japan

Jul 07, 2023 (cryptopolitan.com) - Japan, known for its technological advancements and progressive regulatory environment, is making significant strides in the cryptocurrency landscape. In a groundbreaking partnership, the country's largest banks have joined forces to bring stablecoins to the Cosmos ecosystem.

This collaboration involves TOKI, a prominent cross-chain bridge provider and partner of Progmat, and Noble, a token issuance protocol. Together, they aim to introduce fully collateralized Japanese stablecoins to the Cosmos network, offering a secure and regulated means of digital asset transactions.

Japan’s financial landscape is set to witness a groundbreaking collaboration as the country’s largest banks join forces to bring stablecoins to the Cosmos ecosystem. TOKI, a prominent cross-chain bridge provider and partner of Progmat, will team up with Noble, a token issuance protocol. Together, they aim to introduce fully collateralized Japanese stablecoins to the Cosmos network.

This partnership between TOKI, Noble, and Progmat represents a significant step towards bridging traditional finance with the emerging world of decentralized cryptocurrencies, fostering innovation and driving the adoption of stablecoins in Japan and beyond. ...continue reading

Japan-US Leaders Hold Talks, Confirm Close Coordination on China

Japanese Prime Minister Sanae Takaichi and US President Donald Trump held talks at United Nations headquarters in New York in the early hours of September 23 Japan time, demonstrating the strength of the Japan-US alliance and confirming close cooperation on China ahead of an upcoming US-China summit.

Typhoon No. 25 Leaves Major Rail Disruption Across Chiba on September 23

Rail services across Chiba Prefecture remained severely disrupted on the morning of September 23, three days after Typhoon No. 25 brought torrential rain to eastern Japan, with extensive suspensions on the Uchibo, Sotobo, Sobu Main and Narita lines expected to continue throughout the final day of the Silver Week holiday. Although some services have resumed and flights at Tokyo's major airports are recovering, damage to railway tracks and embankments is preventing a return to normal operations in several areas.

Seven Dead, Five Missing as Japan Begins Typhoon Recovery

Typhoon No. 25 has left seven people dead and five missing in Chiba and Kanagawa prefectures, with rescue operations continuing on September 23 as the extent of devastating landslides and flooding across the Kanto region becomes clearer, while widespread power outages, disrupted rail services and submerged neighborhoods hamper recovery efforts.

Road to Imperial Palace's Otemon Gate Flooded by Typhoon

The road leading to Otemon Gate at Tokyo's Imperial Palace was flooded on September 22 after heavy rain from a typhoon caused water in the surrounding moat to overflow.

Japan Pushes India to Final Ball in Historic Sano Cricket Match

Japan came within two runs of producing one of international cricket's biggest upsets on September 22, pushing reigning T20 world champion India to the final ball before losing a rain-shortened match at Sano International Cricket Ground in Tochigi Prefecture.

MEDIA CHANNELS

MORE Web3 NEWS

Physical AI Robot Aims to Fully Automate Household Chores

Japanese technology company MW is developing a home equipped with artificial intelligence and ceiling-mounted robots designed to automate household chores, with the goal of freeing people from the roughly four hours a day that can be spent on domestic work.

Modernizing Payment Gateways for APAC Cross-Border Merchants

Cross-border trade across Asia-Pacific keeps expanding, and so does the number of foreign shoppers, tourists, and business travelers that merchants now have to serve.

The Rise of Crypto Online Casinos: What Japan's Growing Audience Wants in 2026

Both cryptocurrency and online casinos have developed huge audiences in Japan. Research from 2025 estimated that more than three million adults have wagered online, while Japan also has an established crypto sector that is supported by millions of exchange accounts.

AI Takes Center Stage at Tokyo Game Show

The Tokyo Game Show, one of the world's largest gaming exhibitions, opened with a record 1,138 exhibitors as companies from a growing range of industries seek a foothold in Japan's expanding gaming market, with artificial intelligence emerging as one of the main attractions this year.

AI Deepfakes Behind Fake Police Scams

Police are warning of a nationwide surge in scams involving criminals posing as officers, with evidence emerging that generative AI may now be used to create fake identities during video calls and make the deception more convincing.

Humanoid Robot Brings AI Into the Classroom

High school students in Mishima, Shizuoka Prefecture, explored how humans and artificial intelligence might coexist in the future by interacting with an AI-powered humanoid robot during a class on September 11.

AI Imaging Aims to Reduce Missed Cancer Diagnoses

A medical institution opening in Nagoya's Showa Ward in October will use artificial intelligence-enhanced PET-CT and MRI equipment to produce clearer images and reduce the risk of cancer being overlooked during diagnostic examinations.

Why Are Data Centers Being Built Near Homes?

The rapid spread of generative artificial intelligence is fueling construction of data centers across Japan, but plans for two large facilities beside a residential neighborhood in Minoh, Osaka Prefecture, are raising concerns over sunlight, noise and low-frequency sound as authorities confront gaps in rules governing the increasingly important infrastructure.

< 2 3 4 5 >