Akihabara News (Tokyo) — Three major Japanese firms have launched a partnership to develop and provide financial services within ANA GranWhale, a metaverse platform.
The three partners are ANA NEO, a metaverse travel service provider associated with the nation’s largest airline, Sompo Japan Insurance, and MUFG Bank.
According to the press release announcing their partnership, the partners will focus on examining the regulatory and institutional verification processes needed to conduct financial transactions within the metaverse, as well as studying new business opportunities within the metaverse beyond the financial sector.
ANA GranWhale is a metaverse platform which will offers virtual travel, shopping, events, and entertainment options. One of its first offerings will be to allow users to visit and explore a virtual Kyoto and other cities around the world.
Since May, Sompo Japan has been conducting proof of concept testing together with ANA NEO. It aims to find solutions for hedging risks to users, store operators, and metaverse providers.
Meanwhile, MUFG Bank is planning to open a bank branch within the GranWhale metaverse.
Recent Metaverse Related Articles