Japanese payment giant TIS launches multi-token platform based on Avalanche

ChainCatcher News, one of Japan's largest payment infrastructure providers, TIS, has announced a partnership with Ava Labs to launch a blockchain-based multi-token platform aimed at meeting the growing demand from financial institutions for on-chain asset transfers.

The platform is built using Avalanche's enterprise-grade blockchain development tool AvaCloud, and will support the issuance, settlement, and management of stablecoins and tokenized assets in compliance with Japan's Payment Services Act. TIS plans to collaborate with banks, enterprises, and government agencies to promote the platform's global adoption. As a giant in Japan's payment industry, TIS currently processes half of Japan's credit card transactions, handling approximately $2 trillion in transactions annually through its PAYCIERGE payment system. The new platform brings this scale into the blockchain sector, transforming traditional payment systems into programmable financial infrastructure.