STANDAGE Partners with Banks to Support Global Business Expansion

Introduction

In a significant move to support small and medium-sized enterprises (SMEs) aiming to expand globally, STANDAGE, a Tokyo-based digital trade platform provider, has entered into a business matching agreement with Shonai Bank and Hokuto Bank. The partnership focuses on promoting their overseas expansion support service, "Omakase Trade." This initiative aims to assist companies looking to enter international markets, especially in light of the ongoing depreciation of the yen and declining domestic demand.

The Need for International Expansion

With Japanese SMEs facing challenges in domestic markets, the need for overseas expansion is becoming increasingly vital. Japan’s persistent yen depreciation has further intensified this necessity, pushing local businesses to explore international opportunities. The collaboration with Shonai Bank, headquartered in Yamagata, and Hokuto Bank, based in Akita, seeks to enhance awareness and adoption of the "Omakase Trade" service. STANDAGE intends to leverage this partnership to boost financial and logistical support for enterprises aiming to venture abroad, ultimately revitalizing regional economies.

Omakase Trade: A Growing Success

Since its inception, the "Omakase Trade" service has seen remarkable growth. Launched amid the yen's decline in late 2022, the service has successfully attracted an increasing client base, surpassing 370 contracts within three years. This surge highlights the rising interest among SMEs for robust support services in international trade. As of August 2023, the total number of contracts exceeded 100, and reached 150 by February 2024, showcasing impressive momentum in engaging Japanese companies with international markets.

Innovative Approach to Trade

STANDAGE is at the forefront of developing next-generation trade solutions using blockchain technology and stablecoins. Their innovative trade settlement system is designed to elevate the infrastructure of international trade, making it more accessible for Japanese businesses, especially those that are inexperienced with overseas markets. The company aims to simplify and streamline the entire trading process from trade construction to logistics, making it easier for SMEs to engage in international commerce.

Future Prospects

Looking ahead, STANDAGE is committed to continuing its efforts in supporting Japanese businesses as they navigate international expansion. By fostering connections between local companies and banking institutions, they hope to facilitate diversification and growth in both the world's trade markets and local economies. This initiative reflects their broader mission to create a world where equal access to products and payments is achievable for all countries, regardless of their economic status.

About STANDAGE

Founded in March 2017, STANDAGE has established a vision of enabling equal access to products and payments globally. They utilize blockchain technology and stablecoins to create a safe, secure, and affordable trade settlement system. Early in its journey, STANDAGE set up its base in Nigeria, focusing on trade business with Africa. Beyond just payment solutions, STANDAGE is dedicated to developing comprehensive systems for trade such as supply chain management and international logistics, while also actively promoting overseas expansion for SMEs.

For more information on the "Omakase Trade" service, visit the official website.