Japanese crypto exchange Bitbank launches crypto investment firm

Japanese crypto exchange Bitbank has launched its own global investment subsidiary, Bitbank Ventures. The company will undertake projects related to crypto and blockchain technology.

According to Bitbank’s press release, Bitbank Ventures will focus on new and emerging blockchain projects both in Japan and abroad. Bitbank hopes that its investment subsidiary will serve as a bridge to develop and move the Japanese crypto industry forward.

Bitbank Ventures was founded on the basis of managing projects related to new technologies such as digital assets, blockchain and artificial intelligence. Looking at the current market conditions, Bitbank thinks that projects blending cryptocurrency and artificial intelligence are attracting investors and therefore plans to strengthen its investment initiative by keeping up with the latest technology and business trends.

“We believe that innovative solutions powered by crypto assets and blockchain technology will enable a more open transfer of value across the Internet and across society,” the company said in its press release.

Bitbank Ventures’ main office will be located in Shinagawa, Tokyo, Japan, and Noriyuki Hirosue will serve as CEO.

In the long term, Bitbank Ventures will focus on new projects that have the potential to enter the global market and elevate the crypto asset business in Japan. It also plans to monitor projects and collaborations with other internal businesses, provide information and guidance on the Japanese market, and introduce domestic and foreign partners who can contribute to crypto projects.

In a recent X post, Bitbank Business Development Manager Jun Kuwahara commented on the launch of Bitbank Ventures. He noted that Bitbank has invested in a number of crypto projects over the past few years. Bitbank Ventures will take this a step further by prioritizing crypto startups and other related businesses.

“We believe the investment is important to further strengthen our touchpoints with the latest businesses and technologies related to cryptocurrencies and create business opportunities with a sense of business direction in the medium term.” said Kuwahara.

On September 30, Japan’s Financial Services Agency announced plans to review cryptocurrency regulations that could lead to lower tax rates and native token investments.

Leave a Reply

Your email address will not be published. Required fields are marked *