Everyone and their dog wants to be on the crypto and blockchain. Some just want to put data out there. Some wants to create their own coins and some other wants to change the govt and the national settlement with the stablecoins and the blockchain tokens. So Japan's Minna no bank is one such which happens to be in such experiment too.
Fukuoka Financial Group, Fireblocks and TIS along with the Minna No Bank are working together on this project. And they are exploring Solana for building the stablecoins to be deployed on it for the bank settlement with the consumers.
In previous experiment they made use of the Japan open chain which was on the Ethereum for the layer 2 implementation. But that being said, they are now out there to explore the Solana market and also the tokenization through that chain. This chain would also help with create tokens and building the stablecoin for local settlement.
Fireblocks is already in partnership with the bank. And they are going to explore this option for the RWA and the stablecoins in upcoming times. So here's the progress going with the Japanese bank and more of such bank adoptn the Solana, this would only raise the prices of Solana.