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Minna no Bank and Trek Labs Japan Sign Agreement to Explore Yen Banking and Tokenized Deposits
Japan's Minna no Bank signed a basic agreement with Backpack-linked Trek Labs Japan to explore yen deposit and withdrawal functions, while tokenized deposits remain a future possibility.
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Minna no Bank said on November 12, 2026 that it signed a basic agreement with Trek Labs Japan to examine using the bank’s financial functions in a planned Japanese Web3 infrastructure and crypto trading platform. Trek Labs Japan belongs to the group behind the Backpack wallet and trading platform. The bank said the initial concept would integrate yen deposits and withdrawals through its Banking-as-a-Service business, conditional on Trek Labs Japan obtaining registration as a crypto-asset exchange operator in Japan. A longer-term area for exploration is the possible use of tokenized deposits that Minna no Bank itself is considering issuing, alongside links to investment services inside the bank’s app. The announcement describes cooperation under examination, not a launched deposit token, an approved exchange or an operating banking integration. The companies said further details would be announced separately.
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Key takeaways
- //Minna no Bank signed a basic cooperation agreement with Trek Labs Japan on November 12, 2026.
- //The parties will examine yen deposits and withdrawals for a planned Japanese crypto trading platform.
- //The contemplated platform integration depends on Trek Labs Japan obtaining Japanese exchange registration.
- //Potential tokenized bank deposits and links inside the bank app are longer-term ideas, not launched services.
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