Bitbank launches Bitbank Ventures to invest in blockchain projects, focusing on global expansion and Japan market entry.
Bitbank, a Japanese cryptocurrency exchange, has launched its own worldwide investment division, Bitbank Ventures. The business will take on initiatives connected to cryptocurrency and blockchain technologies..
Bitbank Ventures aims to support emerging blockchain initiatives in Japan and throughout the world. As stated in a news release.Bitbank expects its investment subsidiary would help advance the Japanese crypto sector.
Bitbank Ventures focuses on managing emerging technology ventures, including digital assets, blockchain, and artificial intelligence. Looking at the present market circumstances, Bitbank believes that projects that combine cryptocurrency and AI are drawing investors. Therefore it intends to enhance its investment venture by remaining current on the newest technology and business trends.
“We believe that innovative solutions backed by crypto assets and blockchain technology will enable. A more open value transfer over the Internet and in society.” The business said in a press statement.
Bitbank Ventures’ main headquarters will be in Shinagawa, Tokyo, Japan, with Noriyuki Hirosue acting as CEO.
In the long term, Bitbank Ventures will concentrate on new ventures with the potential to reach. The global market and raise the crypto asset sector in Japan.
It also intends to monitor initiatives and cooperation with other internal businesses, give expertise and assistance. On the Japanese market, and present domestic and international partners that may contribute to cryptocurrency projects.
In a recent X post, Jun Kuwahara, Head of Business Development at Bitbank, discussed the establishment of Bitbank Ventures. He noted that Bitbank has made many investments in cryptocurrency over the last several years. Bitbank Ventures will go one step further, emphasizing cryptocurrency startups and other related industries.
“Investment is crucial for strengthening our connections with emerging cryptocurrency enterprises and technology, while also creating medium-term commercial opportunities with clear direction.” Kuwahara went on:
On September 30, Japan’s Financial Services Agency announced plans to reassess cryptocurrency legislation, potentially leading to lower tax rates and domestic investments in tokens.
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