SMBC Nikko and Nethermind Partner on Japan-Focused DeFi Gateway
SMBC Nikko and Nethermind have formed an alliance to develop compliance hooks for Uniswap pools. The goal is to create a Japan-focused DeFi gateway, set to be completed by mid-2027.
The partnership, which includes Uniswap Labs, Base, and the Nyx Foundation, aims to establish a secure and compliant environment for decentralized finance (DeFi) in Japan.
Compliance hooks will enable Japanese financial institutions to interact with Uniswap pools while adhering to local regulations. This move is expected to increase adoption of DeFi in Japan, which has been slow due to regulatory hurdles.