According to an official announcement from Mitsui Sumitomo Trust Bank, the bank will acquire all shares of Japan Digital Asset Trust Establishment Co., Ltd. (JADAT) held by Bitbank on October 1, 2026, making it a wholly-owned subsidiary. The Mitsui Sumitomo Trust Group has identified the digital asset market as an important growth area, believing that high-reliability asset management and custody functions align closely with its trust business. After becoming a wholly-owned subsidiary, JADAT will accelerate the procedures for managing trust business registration, aiming to officially launch digital asset-related services as soon as possible.
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Mitsui Sumitomo Trust Bank Fully Acquires JADAT: Accelerating Digital Asset Market Strategy
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