Japan's $2 Trillion Payment Giant TIS Launches Multi-Token Platform on Avalanche

Japan's TIS Inc., one of the country's largest payment processors handling nearly $2 trillion in annual transactions, has unveiled a new multi-token platform built on Avalanche's AvaCloud infrastructure in partnership with Ava Labs.

The platform is designed to allow banks, corporations, and public institutions to issue, settle, and manage digital assets, stablecoins, and tokenized deposits in a compliant and scalable environment, adhering to Japan's strict Payment Services Act.

This initiative bridges traditional finance with blockchain innovation, aiming to lower costs, increase transparency, and improve transaction speeds across industries. John Nahas, Chief Business Officer at Ava Labs, commented, "TIS's platform reflects a growing trend in Japan where legacy financial institutions are embracing blockchain not to disrupt the current system, but to upgrade it."

Built using Avalanche's enterprise-focused AvaCloud service, the network supports future capabilities like central bank digital currency (CBDC) testing and tokenized real-world assets (RWAs), reinforcing Japan's position as a forward-thinking market in blockchain adoption.