Blockstream Expands Global Footprint with New Tokyo Office
Blockstream, the renowned cryptocurrency firm co-founded by the prominent Bitcoin developer Adam Back, is enhancing its global operations by inaugurating a new office in Tokyo, as announced in a press release on Wednesday. This strategic move signifies the company’s commitment to expanding its influence in the Asian market.
In this endeavor, Blockstream will join forces with Diamond Hands, Japan’s foremost Bitcoin strategic consultancy, along with Fulgur Ventures, an investment firm focused on the crypto space. Together, they aim to promote the adoption of Bitcoin Layer-2 solutions and self-custody technologies throughout Japan, while also facilitating the tokenization of real-world assets (RWA).
The interest in Bitcoin among Japanese corporations has been on the rise. Notably, Metaplanet (3350), a hotel investment firm, recently completed the largest capital raise in the history of the Asian equity market to acquire Bitcoin. Blockstream’s initiative is designed to support local businesses eager to engage in the Bitcoin economy by offering a range of services, including treasury management, payment infrastructure, and custody solutions.
Adam Back, the co-founder and CEO of Blockstream, remarked, “With increased regulatory clarity and a surge in institutional interest in Bitcoin, now is the perfect time for Blockstream to establish a direct presence in Japan, one of our most critical markets.” He further expressed excitement about the potential to empower Japanese enterprises and individuals, stating, “We look forward to enabling them to fully harness Bitcoin as a foundation for a secure, scalable, and decentralized financial future.”
In a recent development, Blockstream Capital, the firm’s investment arm, made headlines by investing $75 million in Bitcoin in Komainu, a crypto custody venture formed by Nomura, Ledger, and Coinshares. This investment underscores Blockstream’s commitment to advancing the cryptocurrency ecosystem and enhancing trust in digital assets.
