Blockstream, the crypto company co-founded by the legendary Bitcoin developer (BTC) Adam Back, extends its global presence with the opening of a new office in Tokyo, the company announced on Wednesday in a press release.
The company will associate in the region with Diamond Hands, the Bitcoin Strategic Council of Japan and the investment company Fulgur Ventures.
Blockstream plans to stimulate the adoption of Bitcoin Layer-2 and childcare technologies, the company said, as well as the tokenization of the real assets (RWA).
Japanese companies have shown increased interest in the largest cryptocurrency in the world. Metaplanet (3350), the hotel investor, recently announced the largest increase in capital in the history of the Asian equity market to buy bitcoin.
Blockstream seeks to support local businesses who wish to participate in the Bitcoin economy and can offer cash, payment infrastructure and childcare solutions, said the company.
“With increased regulatory clarity and an increase in institutional interest for Bitcoin, this is the moment when Blockstream establishes a direct presence in Japan, one of our most important markets,” said Adam Back, co-founder and CEO of blockstream.
“We are impatient to empower Japanese companies and individuals to fully exploit Bitcoin as the basis of a secure, evolving and decentralized financial future,” added Back.
Blockstream Capital, the company’s investment branch, recently invested $ 75 million in Bitcoin in Komainu, a joint venture of cryptographic police custody between Nomura, Ledger and Coinshares.
Read more: Komainu supported by Nomura receives a Bitcoin investment of $ 75 million from Blockstream Capital
