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Japanese digital bank Minna no Ginko has initiated a project to investigate the issuance of stablecoins on the Solana blockchain and the development of a Web3 wallet for both businesses and individuals.
Minna no Ginko, a subsidiary of Fukuoka Financial Group (FFG), a prominent regional banking holding company in Japan, has announced the commencement of an initiative focused on assessing the technical viability of issuing stablecoins linked to fiat currencies and tokenized assets, as well as evaluating the practical use of blockchain wallets for individuals and corporate entities.
The project partners of Minna no Ginko include:
- Solana Japan, the coordinator and technical partner of the Solana Foundation in Japan;
- Fireblocks, a global provider of infrastructure and custodial solutions for digital assets;
- TIS, a Japanese IT and consulting firm.
In this collaboration, Solana Japan will work with the Solana Foundation to provide technical assistance. Fireblocks will offer infrastructure and expertise for token issuance and custodial services. TIS will lend its experience in developing financial systems.
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The companies will jointly investigate the technical feasibility of issuing stablecoins tied to tokenized real-world assets (RWA), such as financial instruments and real estate, and examine the application of RWA tokens in digital payments. The findings from this research are expected to be incorporated into Minna Bank’s product offerings. Additionally, the partners aim to create a Web3 wallet that will enable users to easily engage with blockchain services through the Minna no Ginko app.
The launch of the project comes in the wake of the enforcement of the revised Payments Services Act in Japan in June 2023, which established the legal framework for stablecoins and facilitated their practical application. It is noteworthy that in 2024, the global transaction volume involving stablecoins reached $27.6 trillion, and in 2025, fiat-backed stablecoins emerged as the primary growth driver in the RWA market.
Minna no Ginko (Minna Bank, Ltd.) is recognized as Japan’s first fully digital bank, established in May 2021 as a subsidiary of Fukuoka Financial Group. The bank offers all services exclusively through a mobile application, without physical branches or plastic cards. For businesses, it adopts a BaaS (Banking-as-a-Service) strategy aimed at integrating financial services. By the end of 2023, assets under management totaled 26 billion yen (~$180 million), and as of July 2025, the bank serves over 1.3 million customers.
As stated by Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, more than 70% of Minna Bank’s clientele falls within the age range of 15 to 39. This demographic is often underserved by traditional banking institutions, Richardson noted. Therefore, the Minna no Ginko ecosystem presents an optimal setting to trial stablecoin-based solutions.
Earlier in 2025, it was reported that Sumitomo Mitsui Banking Corporation (SMBC), Japan’s second-largest bank, intends to develop its own stablecoin aimed at integration into payment systems and tokenized assets.
Сообщение Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana появились сначала на CoinsPaid Media.
