Keynote
Bitbank is set to be made public by mid-2025, and is listed on the Tokyo Stock Exchange and is aiming to become Japan’s first publicly traded cryptocurrency exchange. To address regulatory uncertainty, the exchange prioritized compliance and launching new products and services, supporting the IPO’s outlook to support the investment unit to support the IPO’s outlook to increase investors in he. APAC region. .
Bitbank, one of Japan’s leading cryptocurrency exchanges, has officially confirmed plans to hold an early public offering (IPO) next year. The company’s CEO, Noriyuki Hirasue, gave a revelation at an online seminar on Tuesday, the Bloomberg Act reported.
The company has worked to better position itself for potential IPOs and make profits for investors. CEO Hirasue said that if the IPO passes, the exchange will make strategic investments in emerging technologies outside the crypto market, such as artificial intelligence (AI).
Bitbank is planning a public list on the Tokyo Stock Exchange
The exchange will prioritize launching new products and services, while adhering to invest in the crypto sector, particularly due to regulatory uncertainty, while adhering to strict compliance standards to address investor concerns.
Bitbank is considering completing the IPO by mid-2025. Once listed, the company will become Japan’s first publicly traded crypto exchange, just as Coinbase is in the US.
“I’d probably do a middle IPO next year,” Hirosue said. He believes that if the exchange is successful, it will strengthen Jason’s “social credibility” that is currently lacking within the country’s crypto sector.
Bitbank first proposed the possibility of an IPO through submission to Japanese financial regulators this July. In the filing, the company outlined its intention to pursue a list of the Tokyo Stock Exchange.
At the time of filing, the major shareholders of the exchange included co-founder Noriyuki Hirose, whose shares are 30.69%, with Mixi, Inc. holding 26.99% stake, and Ceres Inc, who owned 23.05% of the company.
Bitbank announces its investment division to increase IPO outlook
While awaiting regulatory decisions, the company recently expanded its global presence with the launch of a new investment division called Bitbank Ventures. Through this unit, the company plans to provide financial support to promising blockchain projects in various sectors of the industry.
This includes projects across different stages of development, from pre-seeding to the Series A funding round, according to the announcement. The company has revealed that this financial support will expand beyond the Japanese market, including markets outside the Asia-Pacific region (APAC) and other regions of the world.
Bitbank, meanwhile, is not the only crypto company in Asia that is about to be released next year. In September, Bithumb, South Korea’s second largest crypto exchange, announced it would be made public in the US through a special purpose acquisition merger. The company aims to be listed on Nasdaq by the end of the second half of 2025.
Bithumb has increased the IPO’s potential outlook by Bithumb, which has launched an investment unit called Bithumb Investment.
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Chimamanda is a crypto lover and an experienced writer focusing on the dynamic world of cryptocurrency. She joined the industry in 2019 and has since become interested in emerging economies. She combines her passion for blockchain technology with a love for travel and food, bringing a fresh and engaging perspective to her work.
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