Join Our Mailing List
Wednesday February 08, 2023
Bitcoin (BTC) $23,151.20   Ethereum (ETH) $1,680.32
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Bitcoin

Blockstream venture with Digital Garage, Tokyo Tanshi to improve Japan’s bitcoin market

Published by CryptoNinjas.net
01/21/2019
Blockstream venture with Digital Garage, Tokyo Tanshi to improve Japan’s bitcoin market

Today it was announced that Blockstream, a blockchain infrastructure technology company has entered a new joint venture called Crypto Garage, with Japanese blockchain company Digital Garage and financial company Tokyo Tanshi. As part of the joint venture, Crypto Garage will soon launch SETTLENET, a suite of products based on the Liquid Network that will enhance trading efficiency and security for participants in the Japanese bitcoin market.

The first application to launch on SETTLENET will be a Japanese yen stablecoin (JPY-Token) which can be traded for bitcoin pegged to the Liquid sidechain (L-BTC) using atomic swaps. This will provide participating exchanges and trading desks in Japan with a rapid, secure, and private platform for completing their transactions while significantly minimizing counterparty risk.

“We’re very excited to see the continued growth of the Liquid Network ecosystem and expect SETTLENET’s Japanese yen token to be the first of many stablecoin issuances on Liquid,” said Samson Mow, CSO of Blockstream. “For serious crypto finance applications that require secure and reliable blockchain technology, Liquid is the only real option.”

SETTLEMENT has received clearance to operate in one of Japan’s regulatory sandboxes, with approvals from both the Japanese Financial Services Agency (FSA) as well as the Cabinet Secretariat. As such, the Liquid-based JPY-Token is positioned to become one of the key drivers of Bitcoin liquidity in the Japanese market.

“Exchanges and OTC trading desks have been waiting for a solution like this,” said Masahito Okuma, CEO of Crypto Garage. “SETTLENET together with Liquid makes trustless Bitcoin trading a reality, in a sustainable regulated environment. This is going to lead to a huge boost in Bitcoin liquidity in Japan and cement the region’s place as a leader in the emerging Bitcoin industry.”

In addition to the joint venture deal, Blockstream received an additional $10 million investment from Digital Garage. This investment will provide additional resources to ramp up development on multiple products–such as the Liquid Network, the Cryptocurrency Data Feed, and new product lines–accelerating Blockstream’s work on building key infrastructure for the future bitcoin economy.

73
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Lightning platform Breez integrates Blockstream’s Greenlight node service

04/05/2022
Lightning platform Breez integrates Blockstream's Greenlight node service

Blockstream, a bitcoin & crypto-financial infrastructure provider, today announced a new collaboration with Breez, a popular Lightning platform, who will integrate its on-demand node service, Greenlight. Breez will use Blockstream's Greenlight to further build...

Read more

Blockstream and Macquarie team up to develop green Bitcoin mining facilities

09/08/2021
Blockstream and Macquarie team up to develop green Bitcoin mining facilities

Blockstream, a Bitcoin infrastructure services company, today announced a new partnership with financial services giant Macquarie to develop and manage zero-emission Bitcoin mining facilities. The first project will be based in North America and...

Read more

Blockstream secures $210M in Series B to scale Bitcoin mining and sidechain initiatives

08/24/2021
Blockstream secures $210M in Series B to scale Bitcoin mining and sidechain initiatives

Blockstream, a provider of bitcoin-based infrastructure services, today announced that it has raised $210 million as part of its Series B financing on a valuation of $3.2 billion. This Series B was led by...

Read more

Blockstream issuing Bitcoin mining security token (BMN) on STOKR

03/30/2021
Blockstream issuing Bitcoin mining security token (BMN) on STOKR

Bitcoin infrastructure firm Blockstream, announced today the issuance of an all-new Liquid security token, the Blockstream Mining Note (BMN), on STOKR. As an EU-compliant security token, the BMN offers investors an alternative investment opportunity...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

02/06/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy