Sony Bank, the online banking subsidiary of the media company, organizes proof of decentralized funding (DEFI) of Concept (POCS) as part of the POC Fintech POC HUB of the JAPAN Financial Services Authority (FSA).
In particular, Sony Bank explores the use of blockchains without authorization and automated merchants (AMMS), who assume the role of a decentralized exchange. He wants to prove to the regulator that he can comply with the anti-money laundering provisions. Therefore, Sony Bank will show that AMMS can be used by some verified customers using hosted wallets or self-heberled wallets that have gone through compliance procedures. In addition, it will demonstrate that token transfers can be limited to known wallet addresses.
The context of experiences is a DEFI study group to explore customers to use AMMS for the regulated safety tokens trade against stablecoins.
Based on this regulatory foundation, the AMM exploration of the Sony Bank represents a natural evolution of its existing blockchain initiatives. The bank has already offered security tokens to its customers and led public blockchain tests over a year ago. A MA could combine these two distinct activities for trading.
Beyond the security tokens, the bank also ventured into Blockchain products to consumers. Last year, he launched Sony Bank Connect, his web3 application that provides NFT as awards, which customers can exchange.
This consumer -oriented approach is aligned with the wider initiatives of the Sony group blockchain, including the launch of its Soneium blockchain, a layer 2 Ethereum blockchain.
