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Crypto

Japan\'s three megabanks to create joint stablecoin, seek issuance within 2026

Japan\'s three megabanks plan to issue a jointly created stablecoin during fiscal 2026. CoinPost reported that Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank will soon reach a basic agreement and set up a council to flesh out operations. The plan assumes the banks obtain licences for electronic payment instrument transactions, with a trust bank acting as issuer trustee. The initiative is also tied to securities settlement tests using blockchain data.

Crypto

Japan ruling party proposes crypto ETFs, yen stablecoins to target Asian payment hub

Japan\'s ruling Liberal Democratic Party has moved to promote policies to legalise cryptocurrency exchange-traded funds and expand yen-denominated stablecoins. A party panel submitted a proposal to Finance Minister Satsuki Katayama on May 31. The plan aims to recognise crypto ETFs as regulated investment products and develop yen stablecoins as a payment gateway for Asia. The proposal cites the dominance of dollar-pegged stablecoins and points to domestic pilots and legislation steps under way.

Industry

Japan humanoid Atom raises seed funding, targets 1 percent GDP boost through factory and logistics automation

Japanese humanoid AI robot startup Atom (ATOM) has raised 3 billion yen in a seed funding round and plans to develop humanoid robots for manufacturing and logistics sites. The company said it will also build a world model to learn real physical environments, while designing and building data collection centers and supply chains. The funding was led by ANRI, Beyond Next Ventures and JAFCO Group, with participation from ALPHA and other investors.