Sumitomo Mitsui Trust to buy bitbank’s stake in JADAT, take full ownership

This is a notable consolidation signal: a major Japanese trust bank is absorbing the crypto-exchange side of a digital asset trust venture rather than running it as a partnership. It suggests traditional financial institutions are moving to control the trust-license pathway themselves, which matters for how regulated crypto custody and trust products take shape in Japan. The open question is whether JADAT secures the management-type trust license and how quickly operations follow.