Japanese payments giant TIS launches multi-token platform based on Avalanche

TIS, one of Japan's largest payment infrastructure providers, announced a partnership with Ava Labs to launch a blockchain-based multi-token platform aimed at meeting the growing demand from financial institutions for on-chain asset transfers. The platform is built on Avalanche's enterprise blockchain construction tool AvaCloud and will support the issuance, settlement, and management of stablecoins and tokenized assets compliant with Japan's Payment Services Act. TIS plans to collaborate with banks, businesses, and government agencies to promote the platform's global application.

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