Overview
Japanese financial incumbents and API infrastructure vendors are forming joint ventures to simplify crypto purchase, transfer, and on-chain payments for banks and enterprises under evolving CASP regulation.
Timeline
- 2026-10-07: sbi-group, mesh-connect, and moneyforward announce Mesh SBI Money Forward Network KK JV plan (2026-10-12-sbi-mesh-money-forward-jv-official-en)
Key Players
Analysis
Mesh majority ownership supplies core API technology; SBI contributes licensed financial rails and compliance experience. JV is preparatory (basic agreement)—final terms and FSA engagement remain pending.