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      Sumitomo Mitsui Trust Bank acquires all shares of JADAT, making it a wholly owned subsidiary

      PANews reported on September 30 that, according to an official announcement by Sumitomo Mitsui Trust Bank, the bank has decided to acquire all shares of Japan Digital Asset Trust Preparation Co., Ltd. (JADAT) held by crypto exchange bitbank, making it a wholly owned subsidiary, with the transfer expected to be completed on October 1. JADAT was previously established jointly by Sumitomo Mitsui Trust and bitbank to provide digital asset management services; following the full acquisition, the bank will move forward with JADAT's application for a managed trust business license and strive to begin operations as soon as possible.


      Source: PANews

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud