SMBC Nikko, a Japanese bank belonging to the Sumitomo Mitsui Financial Group, and Nethermind, a blockchain development firm, have signed a memorandum of understanding with Uniswap Labs, Base and the Nyx Foundation. This partnership aims to create a DeFi gateway dedicated to the Japanese market, scheduled for completion by mid-2027. The two companies are working on compliance hooks tailored to Uniswap pools to meet Japanese regulatory requirements.
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