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Sony Bank Announces the Establishment of a Subsidiary Focused on Web3 Business
(Uploaded: July 31, 2025)
May 28, 2025
Sony Bank Inc.
Sony Bank Inc. (President and CEO, Representative Director: Keiji Minami; Head Office: Chiyoda-ku, Tokyo; hereinafter “Sony Bank”) has obtained approval from the relevant authorities and decided at a board of directors meeting held on May 27 to establish a wholly owned subsidiary engaged in web3-related businesses as a non-banking advanced banking service company (*1).
- Purpose and Background of Establishment
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Digital assets utilizing blockchain technology are incorporated into a diverse range of services and business models. The web3 (*2) market, which is highly compatible with digital assets, is expected to expand. Financial services, such as wallets, which store NFT and cryptocurrency assets, and cryptocurrency exchange providers are becoming increasingly important. In the domestic market, services aimed at mass adoption are spreading.
Under these circumstances, Sony Bank has decided to establish a subsidiary to operate a web3-related businesses as a non-banking advanced banking service. The goal is to create a world where "Fans & Artists", "Digital & Physical", and "Legal Tender & Digital Assets" are connected. Sony Bank aims to offer new exciting experiences and revenue opportunities for both end users and businesses in the web3 era.
The subsidiary is expected to be established around June 2025 and begin operations in the autumn of the same year.Sony Bank offers "Sony Bank CONNECT", a smartphone app for the web3 entertainment field based on the theme of "Easy and safe for everyone to enjoy. Connecting you to a world of inspiring experiences." Sony Bank will continuously plan to offer new experiences from both finance and web3 fields, while also considering collaborations with the newly established subsidiary.
| Company Name | Uchisaiwaicho Tagyo Kodokato Jigyojunbi Kabushikigaisha (The company name will be changed before the commencement of business.) |
|---|---|
| Address | 2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo |
| Business Activities | Design, implement and support of web3 businesses utilizing blockchain technology, etc. |
| Initial Capital | 300 million yen |
| Shareholder | Sony Bank, Inc. 100% |
| Expected date to establish | June 2025 |
- Effect on Income
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The financial impact on Sony Bank (both consolidated and non-consolidated) for the year ending March 31, 2026 is expected to be insignificant.
- (*1) non-banking advanced banking service company is a bank subsidiary stipulated in the Banking Law Article 16-2-1-15.
- (*2) web3 is a distributed web service that uses blockchain (distributed ledger) technology to enable users to share and manage data.
This English translation is provided for reference purposes only. Original Japanese version is the official document. Please refer to the Japanese version.