TechFlow news, October 28 — According to CoinDesk, TIS, one of Japan's largest payment infrastructure providers, announced a partnership with Ava Labs to launch a blockchain-based multi-token platform designed to meet financial institutions' growing demand for on-chain asset transfers.
Built using AvaCloud, Avalanche’s enterprise-grade blockchain development tools, the platform will support the issuance, settlement, and management of stablecoins and tokenized assets compliant with Japan's Payment Services Act. TIS plans to collaborate with banks, corporations, and government agencies to promote the platform’s global adoption.
As a major player in Japan’s payment industry, TIS currently processes half of the country’s credit card transactions and handles approximately $2 trillion in annual transaction volume through its PAYCIERGE payment system. The new platform brings this scale into the blockchain space, transforming traditional payment systems into programmable financial infrastructure.
