As Japan positions itself as a leader in institutional blockchain adoption, Fireblocks, a prominent crypto custody and blockchain infrastructure provider, has announced the opening of its new regional office in Tokyo. This strategic move underscores Fireblocks’ commitment to supporting Japan’s rapidly growing blockchain ecosystem.
Expanding in Asia-Pacific
The Tokyo office marks Fireblocks’ latest effort to expand its presence in the Asia-Pacific region. Japan’s crypto market is forecasted to grow by 54% between 2024 and 2032, making it a key market for the company.
Amy Zhang, Fireblocks’ Head of APAC, highlighted that the Tokyo office will facilitate hiring additional staff in 2025 to better serve local businesses. The company also aims to collaborate with web3 firms and financial institutions to solidify its regional presence.
Supporting Japan’s Blockchain Revolution
Fireblocks CEO Michael Shaulov emphasized the company’s mission to tailor its solutions to the Japanese market, ensuring secure and scalable blockchain adoption for enterprises.
The expansion aligns with Japan’s pro-crypto regulatory stance. The Japanese government recently proposed cryptocurrency tax cuts as part of its economic stimulus package. These reforms aim to lower taxes on digital assets and align them with the 20% rate applied to stock profits.
A Bright Future for Blockchain in Japan
With supportive regulations and growing institutional interest, Japan is becoming a hub for blockchain innovation. Fireblocks’ presence in Tokyo is expected to accelerate the adoption of blockchain technology, paving the way for secure and scalable solutions across industries.
