On February 5th, Blockstream, a prominent player in the Bitcoin technology sector, announced the establishment of a new office in Tokyo, enhancing its footprint in Japan. This strategic move is accompanied by a partnership with Diamond Hands, a leading Bitcoin consulting firm in Japan, and Fulgur Ventures, a recognizable investment firm. The initiative aims to facilitate the adoption of Bitcoin’s second-layer network alongside self-custody technologies, thereby supporting the burgeoning tokenization market for real-world assets.
Blockstream’s investment division previously allocated $75 million in Bitcoin to Komainu, a noteworthy crypto custody venture collaboration with Nomura Securities, Ledger, and Coinshare. CEO Adam Back emphasized that with Japan’s regulatory landscape becoming clearer and interest from institutional investors surging, now represents an optimal moment for Blockstream to penetrate this pivotal market.