Digital Asset Markets Joins Joint Verification Project for Enhancing Digital Asset AML, Supported by the FSA's 'FinTech Proof-of-Concept Hub'

Key facts

  • Digital Asset Markets Joins Joint Verification Project for Enhancing Digital Asset AML, Supported by the FSA's 'FinTech Proof-of-Concept Hub'
  • Digital Asset Markets participates in a joint AML enhancement verification project supported by the Financial Services Agency (FSA).
  • Date: March 29, 2026

Direct answer

Digital Asset Markets participates in a joint AML enhancement verification project supported by the Financial Services Agency (FSA).

Citation
Digital Asset Markets Joins Joint Verification Project for Enhancing Digital Asset AML, Supported by the FSA's 'FinTech Proof-of-Concept Hub' (March 29, 2026)
Source
PR Times
Date
March 29, 2026
Digital Asset Markets participates in a joint AML enhancement verification project supported by the Financial Services Agency (FSA).
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  • 📰 Published: March 29, 2026 at 20:42
  • 🤖 AI Analyzed: May 26, 2026 at 21:27 (1392h 44m after Published)

Digital Asset Markets, Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Kazuya Nishimoto; hereinafter "the Company") is pleased to announce its participation in a joint verification project aimed at enhancing Anti-Money Laundering (AML) measures in digital asset transactions, promoted by 16 companies including Hitachi, Ltd.

This proof-of-concept experiment will verify the effectiveness and legal considerations of a new framework in which private businesses collaborate to share information regarding AML measures for digital asset transactions. The project was officially selected as a supported initiative under the Financial Services Agency's 'FinTech Proof-of-Concept Hub' on February 27, 2026, and is currently underway to establish a cross-industry AML response model in the digital asset sector.

The Company is building market and payment infrastructure that allows customers to utilize digital assets safely and strategically, and is promoting co-creation in the digital asset field with financial institutions and major system integrators. We have decided to join this project, believing that the standardization and efficiency of AML practices through collaboration is a highly effective initiative.

■ Project Overview

This joint verification project aims to solve the challenges of costs and human resource burdens associated with AML compliance, which have traditionally been handled individually by digital asset trading companies. By collaborating with multiple digital asset trading-related businesses and AML technology providers, the project seeks to share essential systems, personnel, and information to improve the efficiency and sophistication of AML measures for digital assets such as crypto assets and stablecoins.

■ Proof-of-Concept Overview

The project will verify practical feasibility regarding initiatives aimed at early detection of fraud and money laundering, prevention of damage expansion, and the realization of safe and secure digital asset transactions by utilizing technologies for risk assessment and monitoring. Furthermore, it will organize issues such as methods for sharing analysis results, scope of handling, and considerations for personal information protection, while exploring private-sector-led AML enhancement.

(Expected Period) March 2026 to May 2026

(Company's Role) Trial of platforms and functions, and evaluation of effectiveness

Financial Services Agency Website: https://www.fsa.go.jp/news/r7/sonota/20260227-2/20260227-2.html

■ Purpose of Participation

Since launching our crypto asset exchange business in 2022, we have steadily expanded our collaborations with domestic and international business partners in the digital asset field, including crypto assets and stablecoins. We are currently preparing for the electronic payment instrument exchange business, building our own market and payment infrastructure to enable corporate clients to utilize digital assets safely and strategically, and promoting co-creation with financial institutions and major system integrators. In this context, we believe that the joint implementation of AML practices is an effective approach.

FAQ

What is the main objective of the joint verification project that Digital Asset Markets, Inc. is participating in?

The main objective is to enhance Anti-Money Laundering (AML) measures in digital asset transactions by verifying a new framework where private businesses collaborate to share information.

Which government agency is supporting this FinTech Proof-of-Concept Hub initiative?

The Financial Services Agency (FSA) is supporting this initiative through its 'FinTech Proof-of-Concept Hub'.

What specific challenges in AML compliance does this project aim to address for digital asset trading companies?

The project aims to address the challenges of high costs and significant human resource burdens associated with AML compliance, which have traditionally been handled individually.

Who are the key collaborators involved in this joint verification project besides Digital Asset Markets, Inc.?

The project involves 16 companies, including Hitachi, Ltd., multiple digital asset trading-related businesses, and AML technology providers.

What specific types of digital assets are mentioned as being covered by the AML measures in this project?

The AML measures in this project are intended for digital assets such as crypto assets and stablecoins.