More and more Japanese public companies enter the space of cryptomoedas

Following reports of six publicly listed companies launching their own criptomoedas exchanges in Japan, three other companies listed on the Tokyo Stock Exchange announced plans to enter the space with several crypto-coins offers.

Publicly traded companies in Japan are increasingly seeking to enter the cryptomedical space to offer various services related to it. It was recently reported that six public companies plan to launch their own criptomoedas exchanges, including Money Forward, which operates one of Japan's most popular personal finance applications. Three other companies also announced plans to enter the space with different product offerings.

Samurai & J Partners (TYO: 4764), founded in 1996, offers investment banking, financial technology and IT services. In its core business, the company "invests in listed companies using the PIPE investment method," describes its website.

A company subsidiary operates a crowdfunding platform that "connects people who want to manage assets and companies that need money." The platform, called Samurai, already lists a cryptomededass fund called the Virtual Currency Mining Fund. On its website, the company also indicates a new service for token offerings.

In addition, the company recently announced plans to enter into a "money lending deal for virtual currency holders."

Appbank Inc (TYO: 6177) plans, produces and manages the distribution of content, such as through videos and live broadcasts of social games. It operates a gaming and smartphone media site called Appbank.net. Launched in October 2008, the site claims to be "Japan's largest iPhone media service."

Last week the company announced the launch of its virtual currency distribution platform called @Blast, with the inauguration event planned for this month.

"@Blast is a web services platform that distributes virtual currencies through various content focused on games and entertainment."

Using this platform, the company plans to "promote the dissemination of virtual currencies, giving users a place to interact with virtual currencies through this service."

I-Freek Mobile Inc (TYO: 3845) provides mobile content for mobile phone users. The company recently announced that it has amended its Bylaws to add "virtual currency business." It is expected that the Amended Articles will be adopted at the company's general shareholders' meeting on June 27.

Minkabu's publication cited the company's breakdown:

We have added virtual exchange business ... [to expand] the content business of the company and its subsidiaries and [prepare] for future business development.