Minna Bank and Backpack sign MoU to bring yen deposits to crypto platform

Minna Bank and Backpack signed a memorandum of understanding to bring Japanese yen deposits and withdrawals onto Backpack's platform, with Backpack also weighing crypto integration into Minna Bank's app and tokenized deposits. Minna Bank is described as Japan's first digital bank, giving the partnership a regulated on-ramp into a major market. Traders would watch this as a step toward easier fiat access for Japanese crypto users, though an MoU is not a final product launch.