Coinspeaker Fireblocks Expands Global Footprint with New Office in Japan
Fireblocks, one of the leading blockchain infrastructure providers in the industry, has expanded its global presence with the launch of a new office in Japan.
Announced on Thursday, December 12, the new regional office, located in Tokyo, the country’s capital, will help increase the adoption of the Web3 economy among institutional investors within the Asian Pacific Region (APAC) region.
Fireblocks to Recruit Local Staff for Its New Office
Through this office, the company aims to tap into the burgeoning Japanese market to strengthen its footprint within the industry. Currently, Fireblocks is among the few companies in Japan licensed by the Japan Financial Services Agency (JFSA) to offer secure cold wallet solutions for cryptocurrency storage, ensuring assets are protected from potential cyber threats.
In addition to cold wallet services, the company provides cutting-edge solutions such as Multi-Party Computation (MPC) and Hardware Security Module (HSM) technologies to enhance security for its clients.
However, with the new office, Fireblocks plans to enhance its presence in the region with the introduction of new product offerings tailored to meet the market needs. The firm is also looking to recruit top-tier sales, professional services, and product teams dedicated to delivering customized solutions for Japanese businesses.
According to the announcement, a team is already operational in Tokyo, with plans to expand staffing in 2025 to provide seamless and bilingual client support.
Strategic Collaborations to Drive Innovation
Alongside its hiring plans, Fireblocks is exploring strategic partnerships with prominent financial institutions, corporations, and Web3 innovators.
The company has already forged alliances with notable entities such as Soneium, Startale Labs, the creators of Astar Network, Startale Cloud, the Web3 gaming platform Oasys, and the crypto exchange CoinTrade.
These collaborations aim to strengthen Fireblocks’ position as a pivotal player in Japan’s blockchain industry.
Fireblocks CEO and co-founder Michael Shaulov sees the expansion to Japan as a welcomed development that would enable Japanese enterprises to explore the full potential of the blockchain industry.
“Establishing an office in Japan allows us to hone in on the specific requirements of the market and ensure Japanese enterprises harness the full potential of blockchain technology in a secure and scalable way,” Shaulov said.
He also recognized Japan’s role as a leader in Web3 adoption.
“Japan has a deep legacy of innovation, driven by its culture of excellence, technological prowess, and commitment to quality, which is why it comes as no surprise that it is also at the forefront of Web3 adoption,” he said.
Capitalizing on Japan’s Evolving Crypto Landscape
Meanwhile, the launch of Fireblocks’ Japan office comes amid a broader industry trend of crypto firms flocking to benefit from the country’s progressive financial policies and supportive regulatory environment. By 2023, Japan had emerged as one of the most advanced digital asset markets globally, boasting over 5.16 million active crypto users.
The country’s openness to innovation has attracted significant players like Ripple, OSL Group, and Oasys to expand their operations in the country.
Earlier this year in June, Ripple unveiled a blockchain fund to foster innovation in Japan and South Korea. Last month, Hong Kong-based OSL Group acquired an 81.38% stake in Japan’s CoinBest K.K., strengthening its foothold in the region.
next
Fireblocks Expands Global Footprint with New Office in Japan
