Mobile app will roll out at three of the lenders this year Latest effort to use blockchain technology in finance Ripple, the U.S. digital payments company, is working with 61 Japanese banks on an application that will enable customers to settle cash transfers instantly around the clock, the latest effort to apply blockchain technology in finance. The mobile app will allow users to send funds to other bank accounts in the country, Ripple said in a statement Wednesday. Beta testing will start...

Real estate arm of Norway’s fund manages $25 billion globally Fund can do ‘a couple’ of 100 billion yen deals a year: CEO The property-investment arm of Norway’s $1 trillion sovereign wealth fund is keen to buy more real estate in Japan after making its first investment in the country last year. Norges Bank Real Estate Management has the capacity to complete “a couple of” 100 billion yen ($912 million) deals in Japan each year “if the right opportunities come along,” Chief Executive Officer...