Sumitomo Mitsui Banking Corporation Opens New Business Co-Creation Facility HOOPSLINK in Tokyo, Focusing on Web3 and Generative AI Technologies

On July 4, it was reported that 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 Shin-Marunouchi Building in Chiyoda, Tokyo. The facility aims to address diverse and increasingly complex social issues through advanced technologies and to promote renewed economic growth in Japan. Sumitomo Mitsui Bank stated that, in the current environment, companies must leverage emerging technologies such as generative AI, Web3, and cybersecurity to tackle various societal challenges. HOOPSLINK will host seminars and workshops on cutting-edge technologies and advance projects such as the commercialization of stablecoins and the application of augmented reality glasses.