Japan-based Shinsei Bank, Hong Kong-based Nippon Wealth and Singaporean Tribay Capital have signed a memorandum of understanding with blockchain service provider ConsenSys, with a focus on exploring blockchain-backed solutions for the financial sector.

ConsenSys’s DApps will be considered for financial products and services, with Nippon Wealth focusing especially on blockchain infrastructure for banking protocols.

As part of the alliance, Tribay Capital has become a shareholder of Nippon Wealth, with Shinsei Bank remaining as the majority shareholder.

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