On July 4th, according to CoinPost, Sumitomo Mitsui Banking Corporation, a subsidiary of Sumitomo Mitsui Financial Group, announced the opening of a new business co-creation facility called "HOOPSLINK" in the Marunouchi Building in Tokyo's Chiyoda Ward. The facility aims to solve diverse and complex social issues through advanced technologies and promote Japan's economic revitalization.
Sumitomo Mitsui Bank stated that in the current environment, companies must leverage emerging technologies such as generative AI, Web3, and cybersecurity to address various social challenges. HOOPSLINK will host workshops and seminars on cutting-edge technologies and advance projects like stablecoin commercialization and augmented reality glasses applications.



