Sumitomo Mitsui Banking Corporation sets up "HOOPSLINK" innovation base to promote the co creation of Web3 and stablecoin businesses

Odaily Planet Daily News: Sumitomo Mitsui Financial Group (SMBC), one of Japan's three major banks, announced the opening of a new business co creation hub called "HOOPSLINK" in Marunouchi, Tokyo, focusing on cutting-edge technologies such as generative AI, Web3, quantum computing, stablecoins, and AR applications. This base aims to promote business innovation between large enterprises and startups, and accelerate the implementation of SMBC's existing stablecoin related research into specific projects.