Blockstream, the cryptographic company co -founded by the legendary Bitcoin developer (BTC) Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday.
The company will be associated in the region with Diamond Hands, the strategic consultant of Bitcoin leader of Japan and the investment firm Fulgur Ventures.
Blockstream plans to boost the adoption of Bitcoin Layer-2 and self-control technologies in Japan, said the company, as well as the token of real world assets (RWA).
Japanese companies have shown greater interest in the world’s largest cryptocurrency. Metaplenet (3350), the hotel investor, recently announced the largest capital increase in the history of the Asian Shares Market to Buy Bitcoin.
Blockstream is looking to support local businesses that wish to participate in Bitcoin’s economy, and can offer treasury solutions, payment infrastructure and custody, said the company.
“With an increase in regulatory clarity and the increase in institutional interest in Bitcoin now is the time that Blockstream establishes a direct presence in Japan, one of our most important markets,” said Adam Back, co -founder and Blockstream CEO.
“We hope to empower Japanese companies and individuals to completely take Bitcoin as the basis of a financial future that is safe, scalable and decentralized,” Back added.
Blockstream capital, the business investment arm, recently invested $ 75 million in Bitcoin in Komainu, a joint venture of cryptographic custody between Nomura, Ledger and Coinshares.
Read more: Komainu backed by Nomura receives a Bitcoin investment of $ 75 million from Blokstream Capital
