Japan’s Digital Finance Sector Embraces Blockchain Foundation Through TIS and Avalanche Collaboration
- Japan's TIS partners with Ava Labs to launch a blockchain platform modernizing financial transactions and supporting stablecoins/tokenized assets under Japan's Payment Services Act. - The AvaCloud-powered platform handles 50,000+ transactions/second with near-instant finality, enabling real-time settlements, embedded finance, and potential CBDC testing. - Reflecting Japan's blockchain adoption trend, the initiative aligns with JPYC stablecoin's launch and aims to upgrade legacy payment systems into progr
TIS, a major payment infrastructure company in Japan, has introduced a blockchain-powered platform in collaboration with Ava Labs, the creators of
Through its PAYCIERGE system, TIS handles more than ¥300 trillion ($2 trillion) in transactions each year, accounting for half of the nation’s credit card payments. The new AvaCloud-based platform will offer TIS and its affiliates a dedicated layer-1 blockchain network, optimized for privacy, governance, and high performance. According to
This collaboration highlights a shift in Japan, where established financial firms are turning to blockchain to strengthen existing frameworks rather than replace them. For instance, JPYC—the first officially regulated yen-backed stablecoin supported by bank deposits and government bonds—was launched this week, marking further progress for tokenized assets in the country, according to Yahoo Finance. John Nahas, Ava Labs’ chief business officer, told CoinDesk that the partnership demonstrates how traditional players are using blockchain to modernize their infrastructure.
TIS intends to join forces with banks, corporations, and government bodies to expand the platform’s reach worldwide. Isao Otokita, TIS’s managing executive officer, mentioned in a press release that the project will “work with a variety of partners to drive the global adoption and ecosystem growth of next-generation financial infrastructure originating from Japan,” as reported by CoinDesk. Nick Mussallem, CEO of AvaCloud, also noted that this initiative could serve as the foundation for Japan’s digital financial landscape, according to Yahoo Finance.
The debut of this platform comes as Japan’s financial industry increasingly adopts blockchain technology to boost efficiency and foster innovation. By leveraging Avalanche’s scalable network, TIS seeks to upgrade long-standing payment systems into programmable financial solutions, aiming to lead Japan’s digital economic transformation, CoinPedia reports.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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