Exchanges· ★★★· neutral·

Bitbank to transfer all JADAT shares to Sumitomo Mitsui Trust Bank

  • —Bitbank is transferring all JADAT shares to Sumitomo Mitsui Trust Bank
  • —JADAT will become a wholly owned subsidiary of Sumitomo Mitsui Trust Group
  • —Timing and value of the transaction were not disclosed
  • —Bitbank previously announced it will become a wholly owned SBI Group unit around October 2026
Why it matters: The deal moves crypto custody infrastructure under a major trust banking group, strengthening Japan's institutional digital asset segment.
Source: CoinDesk Japan
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