{"id":19871,"date":"2024-11-12T13:29:20","date_gmt":"2024-11-12T13:29:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19871"},"modified":"2024-11-12T13:29:20","modified_gmt":"2024-11-12T13:29:20","slug":"bitbank-unveils-worldwide-investment-subsidiary-aims-to-back-new-blockchain-projects","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19871","title":{"rendered":"Bitbank Unveils Worldwide Investment Subsidiary, Aims To Back New Blockchain Projects"},"content":{"rendered":"

Leading Japanese crypto exchange, Bitbank, announced the launch of its new global investment branch in a 8 November 2024 press release.<\/a><\/span><\/p>\n

\u201cBitbank Ventures LLC,\u201d the new wholly owned subsidiary of Bitbank will focus on identifying and investing in projects that harness crypto assets and blockchain technology.<\/span><\/p>\n

A new company, Bitbank Ventures LLC, has just been established \uff01#Bitbank<\/a>\u3000#BitbankVentures<\/a><\/p>\n

Details here\uff1ahttps:\/\/t.co\/bahRksUTbi<\/a><\/p>\n

\u2014 Bitbank Ventures (@BitbankVentures) November 8, 2024<\/a><\/p>\n\n

The company also highlighted that such solutions, backed by crypto assets and blockchain technology, will enable a more open value transfer over the internet and in society.<\/span><\/p>\n

DISCOVER:\u00a0Japan\u2019s DPP Leader Proposes Lowering Crypto Gains Tax To 20%, If Elected<\/a><\/strong><\/p>\n

New Subsidiary Will Identify, Support Blockchain Projects<\/strong><\/h2>\n

Bitbank\u2019s new subsidiary will function as a platform for identifying and supporting pioneering blockchain projects. This initiative further seeks to promote real-world solutions by leveraging blockchain\u2019s transparency and security. <\/span><\/p>\n

Moreover, the company will also foster collaborations within Japan\u2019s crypto sector and bridge connections with global markets, enhancing Japan\u2019s influence in the crypto industry. <\/span><\/p>\n

The new subsidiary is set to \u201cserve as a bridge to develop and deepen the crypto asset businesses in Japan,\u201d and advance an open digital economy.<\/span><\/p>\n

Meanwhile, Bitbank Ventures is also prioritizing emerging technologies, particularly Large-Scale Language Models (LLMs) in the AI sector, to explore new intersections between AI and crypto. <\/span><\/p>\n

The company said that these advancements will enable Bitbank Ventures to absorb \u201crapidly changing technological and business trends\u201d globally, positioning it as a significant player in the AI x crypto space.<\/span><\/p>\n

DISCOVER:\u00a0$300 Million Exploit: Japan\u2019s DMM Bitcoin Exchange Suffers Largest Hack Of 2024<\/a><\/strong><\/p>\n

Next Phase Aimed At Synergies And Sustainability <\/h2>\n

As part of its strategy, the new subsidiary will align its investments with Bitbank\u2019s existing operations to strengthen synergies across the company. <\/span><\/p>\n

This will include sharing knowledge of Japan\u2019s regulatory landscape, providing insights into the crypto market, and establishing connections with domestic and international stakeholders.\u00a0<\/span><\/p>\n

Additionally, the focus on strategic alignment is expected to reinforce the network of its investment initiatives. <\/span><\/p>\n

\u201cThrough Bitbank Ventures, we will also examine projects for synergies with our other businesses, provide extensive know-how on the Japanese market, and introduce domestic and overseas partners,\u201d the company said.<\/span><\/p>\n

Japan\u2019s Evolving Crypto Policies Post-Election<\/h2>\n

In the wake of Japan\u2019s recent election, the government has been showing a commitment to foster a secure yet progressive regulatory environment for cryptocurrency and blockchain innovations. <\/span><\/p>\n

Corresponding to this, major Japanese companies have been making substantial investments in the Web3 space. For instance, <\/span>SBI Holdings launched a JPY100 billion Digital Space Fund<\/span><\/a>, earlier this year to support Web3 and AI startups. <\/span>Meanwhile in August 2024, <\/span>Sony introduced its blockchain, <\/span>Soneium<\/span><\/a>\u00a0aimed at integrating Web3 into daily life.<\/span><\/p>\n

Introducing #Soneium<\/a> by #Sony<\/a> Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.<\/p>\n

Soneium aims to connect Web3 with everyday internet services, making blockchain technology more\u2026 pic.twitter.com\/I7zAIbB5Td<\/a><\/p>\n

\u2014 Soneium (@soneium) August 23, 2024<\/a><\/p>\n\n

Nomura Holdings which is <\/span>a principle member of\u00a0 Nomura group, Japan\u2019s leading investment bank and brokerage firm, has also ventured into the stablecoin sector, working with GMO Internet Group and Laser Digital Holdings<\/a> to explore JPY and USD stablecoin issuance.<\/span><\/p>\n

Meanwhile, amid increasing global competition in blockchain technology, Japan\u2019s <\/a><\/span>evolving policies<\/span><\/a> are set to prioritize technological advancements within a carefully structured regulatory landscape. <\/span>Regulatory frameworks have supported these developments. <\/span><\/p>\n

In May 2024, Japan\u2019s Liberal Democratic Party (LDP) had published a Web3 policy papers, titled \u201cA New Era Where Technology Forms the Foundation of Society,\u201d<\/a> highlighting a commitment to a tech-driven future.<\/span><\/p>\n

Although immediate changes are unlikely, the LDP\u2019s focus will likely remain on stabilizing the economy and political landscape. <\/span><\/p>\n

With potential coalition partners like the Democratic Party for the People (DPP), there may be an opportunity for future crypto-friendly reforms, particularly if coalition members push for specific crypto agendas.<\/span><\/p>\n

Japan\u2019s stance includes early regulatory measures like the 2022 stablecoin regulations and a virtual asset framework<\/a>, which have set standards for other jurisdictions.<\/span><\/p>\n

With policies that aim to balance innovation with secure oversight, Japan is positioning itself as an attractive hub for both domestic and international crypto ventures.\u00a0<\/span><\/p>\n

The post Bitbank Unveils Worldwide Investment Subsidiary, Aims To Back New Blockchain Projects<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Leading Japanese crypto exchange, Bitbank, announced the launch of its new global investment branch in a 8 November 2024 press release. \u201cBitbank Ventures LLC,\u201d the new wholly owned subsidiary of Bitbank will focus on identifying and investing in projects that harness crypto assets and blockchain technology. A new company, Bitbank Ventures LLC, has just been […]<\/p>\n","protected":false},"author":0,"featured_media":19872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19871"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19871"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19872"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}