Japan’s Bitbank Launches Global Arm for Crypto, Blockchain Projects

Japanese crypto exchange Bitbank has launched a global investment subsidiary, Bitbank Ventures, to fund projects in the cryptocurrency and blockchain sectors, both domestically and internationally.

The new firm aims to bridge innovative technologies and investment opportunities to strengthen Japan’s crypto industry and drive global adoption of digital assets.

Based in Tokyo’s Shinagawa district, Bitbank Ventures will focus on emerging blockchain projects and new technologies such as artificial intelligence (AI) and digital assets. Bitbank sees significant investor interest in projects combining crypto and AI, especially under current market conditions, and plans to keep pace with these advancements. CEO Noriyuki Hirosue stated that Bitbank Ventures seeks to develop a more open internet value-transfer system through investments in crypto-backed projects.

Jun Kuwahara, Bitbank’s Head of Business Development, commented on the strategic move, emphasizing the importance of staying connected to the latest crypto technologies to create mid-term business opportunities. He noted that while Bitbank has previously invested in various crypto projects, the launch of Bitbank Ventures marks a new chapter focused on cultivating crypto startups and fostering global partnerships.

The timing of this launch aligns with Japan’s shifting regulatory landscape. In recent weeks, Japan’s Financial Services Agency (FSA) has announced its intent to review cryptocurrency regulations, potentially leading to lower tax rates and increased domestic investment in tokens.

The FSA is also reportedly working on a framework to streamline asset management for gaming companies using cryptoassets, as existing regulations have hindered blockchain adoption in Japan’s gaming sector. These planned reforms could remove significant obstacles, encouraging broader integration of crypto and blockchain technologies in Japanese industries.

Vanessa has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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