Mizuho Financial Group is one of the largest financial institutions in the world, offering financial and strategic services through its group companies, which include Mizuho Bank and Mizuho Securities.
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Mizuho, a Japanese megabank, is involved in several crypto-related initiatives, including:
Stablecoins
Mizuho is a joint venture partner in Progmat, a DLT-based tokenization network that will create a digital currency network for financial institutions. Mizuho is considering how to introduce stablecoins into its business areas.
Cross-border payments
Mizuho is part of Project Pax, a cross-border payment system that uses stablecoins instead of correspondent banks. The system will integrate Swift payment messages with the stablecoin system to allow corporate customers to make trade payments through their banks.
Carbon credits
Mizuho is collaborating with Fujitsu and IHI to use blockchain to make the process of issuing carbon credits less cumbersome. Mizuho will buy the J-Credits issued by the companies and sell them to its clients.
In-house currency
Mizuho-DL FT is using a trial version of the Thank You token currency, which is issued separately from employee salaries. Employees can use the tokens to send messages and thank other employees. The tokens can be exchanged for candy items.
News and analysis
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Fintech equity research
Dan Dolev, a Senior Analyst of Fintech Equity Research at Mizuho Securities, has discussed the potential impact of Bitcoin ETFs on crypto platforms.