SMBC Group Launches New Business Co-Creation Facility 'HOOPSLINK' in Marunouchi, Aiming to Leverage Web3 and Generative AI

Sumitomo Mitsui Financial Group (hereafter, SMBC Group) under the umbrella of Sumitomo Mitsui Banking Corporation, announced the opening of a new business co-creation facility 'HOOPSLINK' located in the Shin-Marunouchi Building, Chiyoda-ku, Tokyo. This facility aims to be a hub for creating businesses that utilize cutting-edge technologies to address increasingly diverse and complex social issues, and to drive Japan's re-growth. Background and Purpose: SMBC Group stated that the establishment of this facility comes in response to the growing diversity and complexity of societal challenges faced by businesses, amidst new technologies such as generative AI, Web3, and cybersecurity...