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More Japanese Public Companies Entering the Crypto Space


Following studies of six publicly listed corporations launching their very own cryptocurrency exchanges in Japan, three different companies listed on the Tokyo Inventory Change have introduced plans to enter the house with varied crypto choices.

Additionally learn: Yahoo! Japan Confirms Entrance Into the Crypto Space

Publicly traded corporations in Japan are more and more looking for to enter the crypto house to supply varied crypto-related providers. just lately reported that six public corporations are planning to launch their very own cryptocurrency exchanges together with Cash Ahead, which operates one among Japan’s hottest private finance apps. An extra three corporations have additionally introduced their plans to enter the house with completely different product choices.

Samurai & J Companions

Samurai & J Companions (TYO:4764), established in 1996, gives funding banking, fintech, and IT providers. In its core enterprise, the agency “invests in listed corporations utilizing the methodology referred to as PIPE (non-public funding in public fairness) funding,” its web site describes.

More Japanese Public Companies Entering the Crypto Space

A subsidiary of the firm operates a crowdfunding platform that “connects people desirous to handle belongings and corporations that want cash.” The platform, referred to as Samurai, already lists a crypto-related fund referred to as the Digital Forex Mining Fund. On its web site, the firm additionally signifies a brand new service for token choices.

Moreover, the agency just lately introduced its plans to enter right into a “cash lending enterprise for digital forex holders.”

Appbank Inc

More Japanese Public Companies Entering the Crypto SpaceAppbank Inc (TYO:6177) plans, produces and manages content material distribution similar to by movies and stay broadcasts of social video games. It operates a gaming and smartphone-related media website referred to as Appbank.web. Launched in October 2008, the website claims to be “Japan’s largest Iphone media” service.More Japanese Public Companies Entering the Crypto Space

Final week, the firm introduced the launch of its Digital Forex Distribution Content material Platform referred to as @Blast, with the grand opening occasion deliberate for this month. The agency defined:

@Blast is an internet service platform that distributes digital currencies by varied content material centered on video games and leisure.

Utilizing this platform, the firm plans to “promote the unfold of digital currencies whereas offering customers a spot to work together with digital currencies by this service.”

I-Freek Cellular Inc

I-Freek Cellular Inc (TYO:3845) offers cellular content material to cellular phone customers. The agency just lately introduced that it has modified its Articles of Incorporation so as to add “digital forex alternate” enterprise. The amended Articles are anticipated to be adopted at the firm’s normal assembly of shareholders on June 27.

More Japanese Public Companies Entering the Crypto Space

Minkabu publication quoted the firm detailing:

We add digital forex alternate enterprise…[to expand] the content material enterprise of the firm and its subsidiaries and [to] put together for future enterprise growth.

Do you suppose extra Japanese corporations ought to supply crypto-related providers? Tell us in the feedback part beneath.

Photographs courtesy of Shutterstock, Samurai & J Companions, Appbank, and I-Freek Cellular.

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