On October 28th, CoinDesk reported that TIS, one of Japan’s leading payment infrastructure providers, has entered into a strategic partnership with Ava Labs, the developer behind the Avalanche blockchain. The collaboration aims to meet the growing demand among financial institutions for on-chain fund and asset transfers.
Building on AvaCloud for Institutional Use
The new multi-token platform developed by TIS is built using AvaCloud, Avalanche’s enterprise-focused blockchain development framework. Designed to comply with Japan’s Payment Services Act, the platform will enable the issuance, settlement, and management of various digital assets, including stablecoins and tokenized assets.
Toward Broader Industry Adoption
TIS will lead the initiative and plans to work closely with banks, corporations, and public institutions to accelerate the platform’s adoption within Japan and beyond. By leveraging Avalanche’s scalable infrastructure, the company aims to create a trusted, regulatory-compliant environment for digital asset operations in the global financial ecosystem.
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