Mitsui Sumitomo Financial Group's subsidiary strategic investment Hashed Venture's blockchain fund

ChainCatcher News, Japan's Sumitomo Mitsui Financial Group (SMFG) announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III, through its securities subsidiary, SMBC Nikko Securities. The specific investment amount has not been disclosed.

It is reported that this investment may promote broader cooperation 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," which aims to utilize NFT technology to digitize Japanese cultural assets.