Blockstream, the distinguished Bitcoin technology company co-founded by prominent developer Adam Back, is advancing its global reach through the establishment of a new office in Tokyo, as confirmed in a press release on Wednesday.
Key Information:
- Expansion: Blockstream has opened a new office in Tokyo to strengthen its role in the region.
- Goals: The organization intends to promote the usage of Bitcoin Layer-2 and self-custody technologies in Japan.
The firm plans to collaborate with local partners, specifically Diamond Hands, a leading Bitcoin consultancy in Japan, alongside investment firm Fulgur Ventures.
Blockstream emphasizes its commitment to facilitating the adoption of Bitcoin Layer-2 solutions and supporting the tokenization of real-world assets (RWA).
Recent interest in Bitcoin surges among Japanese corporations; for example, Metaplanet made headlines by declaring the largest capital raise in the history of Asian equity markets dedicated to purchasing Bitcoin.
To foster local enterprises’ involvement in the Bitcoin domain, Blockstream guarantees the provision of treasury, payment infrastructure, and custody solutions.
“With increased regulatory clarity and rising institutional interest in bitcoin now is the moment for Blockstream to establish a direct presence in Japan, one of our most important markets,” said Adam Back, co-founder and CEO of Blockstream. Translation: Con una maggiore chiarezza normativa e un crescente interesse istituzionale per il bitcoin, questo è il momento per Blockstream per stabilire una presenza diretta in Giappone, uno dei nostri mercati più importanti.
Back further noted, “We look forward to empowering Japanese enterprises and individuals to fully harness Bitcoin as the foundation for a financial future that’s secure, scalable and decentralized.”
Blockstream Capital, the investment division of the company, recently invested $75 million in Bitcoin through Komainu, a crypto custody partnership involving Nomura, Ledger, and Coinshares.
Read more: Nomura-Backed Komainu Receives $75M Bitcoin Investment From Blockstream Capital
