Exchanges· ★★★· neutral·

NEC and France's DFNS to build crypto custody system for Japanese financial institutions

  • —NEC and DFNS signed the MOU on October 27 to co-develop a custody system
  • —The system will embed DFNS wallet and private-key management tech into NEC's offering
  • —Keys and data can be hosted in Japanese data centers at each client's discretion
  • —NEC announced a similar partnership with Crypto Garage in June
Why it matters: Japanese banks gain a domestically hosted crypto custody option, which could speed up institutional adoption in the country.
Source: CoinDesk Japan
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