Following reports of six publicly listed companies launching their own unique cryptocurrency exchanges in Japan, three other firms in your local Tokyo Stock market have announced titans enter the space with many crypto offerings.
Publicly traded companies in Japan are increasingly looking to enter the crypto space available various crypto-related services. News.Bitcoin.com recently?reported?that six public organizations are planning to launch his or her cryptocurrency exchanges including Money Forward, which operates without doubt one of Japan’s most popular personal finance apps. One more three companies have in addition announced their provides enter the space with assorted product offerings.
Samurai & J Partners (TYO:4764), established in 1996, offers investment banking, fintech, and yes it services. Included in the core business, the firm “invests in listed companies when using the method called PIPE (private purchase of public equity) investment,” its website describes.
A subsidiary from the company operates a crowdfunding platform that “connects individuals seeking to manage assets and corporations that need money.” The system, called Samurai, already lists a crypto-related fund named the Virtual Currency Mining Fund.?On its website, this company also indicates a whole new service for token offerings.
Furthermore, the firm recently announced its wants to?enter into a “money lending business for virtual currency holders.”
Appbank Inc (TYO:6177) plans, produces and manages content distribution which includes through videos and live broadcasts of social games. It operates a gaming and smartphone-related media site called Appbank.net. Launched in October 2008, this site claims to be “Japan’s largest Iphone media” service. More Japanese Public Companies Entering the Crypto Space
Last week, the business enterprise announced the launch of their Virtual Currency Distribution Content Platform called @Blast, while using the grand opening event planned of this month. The firm explained:
@Blast is often a web service platform that distributes virtual currencies through various content centered on games and entertainment.
Using this platform, the agency plans to “promote multiplication of virtual currencies while providing users a location to interact with virtual currencies through the expediting.”
I-Freek Mobile Inc (TYO:3845) provides mobile prepared to cell phone users. The firm recently announced this has modified its Articles of Incorporation to supply “virtual currency exchange” business. The amended Submissions are expected to be adopted within the company’s general meeting of shareholders on June 27.
Minkabu publication quoted the manufacturer detailing:
We add virtual foreign exchange business to inflate the content business belonging to the company and it is subsidiaries and to you’ll find future business development.