Animoca Brands Japan signs MOU with Babylon Labs for strategic partnership

Animoca Brands Japan, a subsidiary of NFT and blockchain game developer Animoca Brands, has signed a Memorandum of Understanding (MOU) with Bitcoin staking protocol developer Babylon Labs to foster a strategic partnership in the Japanese market. The two companies will explore ways to support self-custody Bitcoin finance (BTCFi) for Japanese corporations by utilizing Babylon Labs' trustless Bitcoin vault technology.