Japan’s second-largest bank, Mitsui Sumitomo Bank, has unveiled a new business co-creation hub called HOOPSLINK in Tokyo’s Shin-Marunouchi Building. The initiative aims to drive the development of Web3 and generative AI technologies by bringing together startups, corporates, and researchers.

HOOPSLINK will leverage the network cultivated by Mitsui Sumitomo Bank to conduct various activities focused on creating new business opportunities.

HOOPSLINK will leverage the bank’s extensive network to create new business opportunities and foster collaboration across industries. The facility plans to host seminars and workshops covering emerging fields such as quantum computing, generative artificial intelligence, and decentralized technologies.

According to Foresight News, Mitsui Sumitomo Bank envisions HOOPSLINK as a platform not only for technical innovation but also for addressing broader social and business challenges tied to rapid digital transformation.