Japan's Minna Bank Signs MOU with Crypto Platform Backpack

Backpack signed a memorandum of understanding with Minna Bank on Nov 12, 2026, to connect Backpack's onchain infrastructure with the bank's digital-banking capabilities. Minna Bank is a digital bank operating under Fukuoka Financial Group, one of Japan's largest regional banking groups. The partnership targets enhanced digital banking and crypto-asset services for consumers in Japan.

Backpack describes itself as a digital asset service provider focused on bridging blockchain technology with traditional finance. Minna Bank brings an established banking license and existing digital-banking operations to the arrangement. Specific product launches, financial terms, and a timeline for moving beyond the MOU stage were not disclosed.