Japan’s SMBC enters partnership agreement with Avispa Fukuoka

It will introduce a scholarship program and promote use of sports data utilization.

Sumitomo Mitsui Banking Corporation (SMBC) has entered into a partnership agreement with Avispa Fukuoka, a Japanese football club.

The “Web3 Community Co-Creation Partner” agreement will see the Japanese megabank reportedly work to “revitalize communities through sports” including a new academy scholarship program, according to a press release on its website.

The bank will also promote the use of sports data utilization for the development of sports-related industries.

SMBC had been the sponsor of several sports activities including the Nippon Professional Baseball Organization’s “the Nippon Series.”