Sumitomo Mitsui Trust Bank takes full control of digital asset firm JADAT
What's the deal? Sumitomo Mitsui Trust BankDealroom has a profile for this one. Try Dealroom → will acquire all shares of Japan Digital Asset Trust Establishment (JADAT)Dealroom has a profile for this one. Try Dealroom → held by Bitbank on October 1, 2026, making the firm a wholly-owned subsidiary. Terms were not disclosed.
What's the endgame? JADAT provides asset management and custody services for digital assets. Once fully owned, it will move to register as a trust business and launch digital asset services as soon as possible.
Why now? The Sumitomo Mitsui Trust Group has flagged the digital asset market as a key growth area. It believes high-reliability custody and asset management fit closely with its core trust business.
The signal: Japan's established trust banks are moving into crypto infrastructure, betting that institutional demand for secure custody will grow. The deal ties traditional financial credibility to a market long dominated by native players.
Read more: cointime.ai
Image credit: Dick Thomas Johnson
