Minna Bank Taps Solana & Fireblocks to Study Stablecoin-Based Payments

In a cutting-edge move, Japan’s Minna Bank is collaborating with Fireblocks, Solana Japan, and TIS to test stablecoins and Web3 wallets on the Solana blockchain.

Core pilot goals:

• Build a stablecoin (pegged in yen) on Solana.
• Integrate digital wallets for everyday and cross-border transactions.
• Evaluate improvements in security, cost-efficiency, and user experience.

Why it matters:

• Speed & cost: Solana offers near-instant transactions at sub‑cent fees—ideal for micropayments and regular use cases.
• Security & scale: Fireblocks brings multi‑party custody infrastructure trusted by major banks and assets valued in trillions.
• Regulatory tailwind: Japan’s legal framework now formally recognizes stablecoins, providing fertile ground for pilots.

Strategic potential:
This pilot could revolutionize retail payments, remittances, and tokenized assets while encouraging deeper experimentation with Web3 in regulated finance.

Stay tuned:
Key milestones include technical testing, regulatory approvals, pilot wallet deployment, and a phased rollout beginning in late 2025.

Bottom line:
This initiative marks a significant shift in Japan’s fintech evolution—bridging traditional banking with blockchain utility, all under strict security and legal compliance.