Fireblocks Launches New Office in Japan to Boost Web3 Adoption
Fireblocks has launched a new office in Tokyo, Japan, expanding its global presence as a leading blockchain infrastructure provider. This initiative aims to enhance the adoption of the Web3 economy among institutional investors in the Asia Pacific Region (APAC).
Local Recruitment Plans
The Tokyo office will enable Fireblocks to penetrate the growing Japanese market. The company holds a license from the Japan Financial Services Agency (JFSA) to provide secure cold wallet solutions for cryptocurrency storage, protecting assets from cyber threats. Additionally, Fireblocks offers Multi-Party Computation (MPC) and Hardware Security Module (HSM) technologies to bolster security. Plans include recruiting sales, professional services, and product teams by 2025 to deliver tailored solutions for Japanese businesses.
Strategic Collaborations
Fireblocks is pursuing partnerships with financial institutions, corporations, and Web3 innovators. Current alliances include Soneium, Startale Labs, Astar Network, Startale Cloud, Oasys, and CoinTrade, aimed at solidifying Fireblocks’ role in Japan’s blockchain sector.
CEO Michael Shaulov emphasizes the importance of understanding local market needs to help Japanese enterprises leverage blockchain technology securely and effectively. He acknowledges Japan's leadership in Web3 adoption due to its innovative culture and technological advancement.
Japan's Evolving Crypto Landscape
The establishment of the Fireblocks office aligns with a trend of crypto firms capitalizing on Japan's favorable financial policies and regulatory framework. By 2023, Japan became one of the most advanced digital asset markets, with over 5.16 million active crypto users. Major players like Ripple, OSL Group, and Oasys have also expanded operations in Japan, recognizing its potential for growth. Ripple initiated a blockchain fund to promote innovation in Japan and South Korea, while OSL Group acquired an 81.38% stake in CoinBest K.K., enhancing its regional presence.