BlockBeats News, June 5th, Japan's Sumitomo Mitsui Financial Group (SMFG) subsidiary, Sumitomo Mitsui Securities SMBC Nikko Securities, announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III. The specific investment amount has not been disclosed.
It is reported that this investment may drive broader collaboration between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation lab, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," aiming to digitize Japanese cultural assets using NFT technology.
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