Sumitomo Mitsui Trust Bank Turns JADAT Into a Wholly-Owned Subsidiary, Accelerating Expansion Into Digital Asset Market
Source：
www.smtb.jp
According to an official announcement from Sumitomo Mitsui Trust Bank, the bank will acquire all shares held by Bitbank in Japan Digital Asset Trust Establishment Preparation Co., Ltd. (JADAT) on October 1, 2026, making JADAT a wholly owned subsidiary. The Sumitomo Mitsui Trust Group has identified the digital asset market as a priority growth sector, noting that highly reliable asset management and custody capabilities align closely with its trust operations. Upon full subsidiary integration, JADAT will expedite the registration process for the managed trust business, aiming to officially launch digital asset-related operations as soon as possible.
