The Japanese cryptocurrency exchange Bitbank has launched a new subsidiary to invest in international blockchain companies. Called Bitbank Ventures, this branch aims to help foreign businesses establish a foothold in Japan.
Bitbank Ventures to Foster Global Blockchain Partnerships
According to CoinPost and Bitbank Ventures’ website, this “wholly owned subsidiary” will act as a bridge to grow Japan’s cryptocurrency industry. The exchange welcomes partnerships with early-stage blockchain projects, ranging from pre-seed to Series A, both in Japan and overseas.
Japanese Crypto Exchanges Seek Global Presence
Bitbank is not alone in seeking global expansion. For example, competitors like DMM with its DMM Coin and DMM Crypto divisions, as well as bitFlyer, have also launched initiatives to expand into Europe and other regions.
Regulatory Support for Expansion
Meanwhile, Japan’s Financial Services Agency (FSA) is working on laws to protect domestic crypto assets, especially in case of bankruptcy. With this regulatory support, exchanges like Bitbank can invest internationally with greater confidence.
Bitbank’s Support for International Crypto Projects
Bitbank Ventures will also provide guidance to overseas startups wanting to enter Japan. Through its strong connections across Japanese business, media, and regulatory sectors, the exchange promises strategic support for each partner’s entry plan.
Strategic Shift Towards Venture Investments
Bitbank’s Head of Business Development, Jun Kuwahara, noted that the company has already invested in projects like Next Web Capital, a Web 3.0 accelerator, and the blockchain project Oasys. He explained that this shift to corporate venture capital will let Bitbank make faster investment decisions and strengthen its financial strategies.
Focus on Emerging Technologies
Bitbank Ventures plans to invest in both layer 1 and layer 2 blockchain projects, as well as in AI, gaming, and Web3 sectors. Many Japanese firms see this as the perfect moment for overseas expansion, especially with government support for international growth.
bitFlyer’s Global Growth Strategy
Earlier this year, bitFlyer’s PR Manager Keisuke Igarashi shared that, along with bitFlyer USA and bitFlyer Europe, the exchange aims to grow its global presence. bitFlyer is broadening its reach in both crypto exchange services and Web3 solutions in international markets.
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