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Fintech

Japan\'s three megabanks complete test of jointly issued stablecoin for international payments

Japan\'s three megabanks have completed a cross-border payments test using a jointly issued stablecoin. Mizuho Bank, Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corp ran the trial from July 17 to 23 with Mitsubishi UFJ Trust and Banking and TISI, checking issuance, transfer and redemption. The project is tied to a Financial Services Agency-backed programme and aims to prepare for real transactions within fiscal 2026.

People & Appointments

Hana Securities joins with ChildFund Korea to spread bequest donations using testamentary substitute trusts

Hana Securities will work with ChildFund Korea to promote a culture of bequest donations using testamentary substitute trusts. Hana Securities said it signed an MOU with the child welfare agency to support customers who want to donate assets through such trusts. The brokerage will provide trust design and practical support, including consultations with tax and legal experts. ChildFund Korea will execute and manage designated donations to ensure transparent and effective use.

Finance

Hana Bank to support estate donations using will-substitute trust with Kangdong Kyung Hee University Hospital

Hana Bank will work with Kangdong Kyung Hee University Hospital to support estate donations using a will-substitute trust service. The bank said it signed a business agreement with the hospital on Aug. 27 to help spread an estate donation culture using such trusts. Hana Bank will offer tailored donation planning and funds management services for medical and caregiving purposes. The hospital will link prospective donors to Hana Bank’s trust services.