Fireblocks has strengthened its presence in the Asia-Pacific region by establishing a regional office in Tokyo, Japan.
According to the update from Fireblocks, Japan is said to be emerging as a key player in institutional blockchain adoption, driving Fireblocks to grow its presence by providing digital asset solutions to support this development.
As one of the Japan Financial Services Agency (JFSA)-approved cold wallet providers offering Multi-Party Computation (MPC) and Hardware Security Module (HSM) solutions, Fireblocks said that it is “doubling down on localization to deliver its globally renowned security and innovation to Japanese businesses.”
With Japan’s crypto market projected to grow by 54% from 2024 to 2032, the establishment of Fireblocks’ Japan office positions the firm to lead the next wave of digital transformation in Asia and “capture the growing appetite for digital assets.”
Fireblocks will be strengthening its presence in Japan by hiring sales, professional services, and product teams dedicated to delivering “solutions for Japanese enterprises.”
There is a team on the ground with plans to hire more staff in 2025, who will ensure a bilingual client experience, further “underscoring Fireblocks’ commitment to tailoring its offerings for the Japanese market.”
In tandem with its office launch, Fireblocks stated it is driving collaborations with financial institutions, non-financial corporates, and Web3 innovators — including Web3 infrastructure development firm Startale Labs, the company behind Astar Network, Soneium, and Startale Cloud; Web3 gaming platform Oasys; and crypto exchange and trading platform CoinTrade — strengthening its “foothold as a key player in the region.”
Michael Shaulov, CEO and co-founder at Fireblocks said:
“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. 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.”
As covered, Fireblocks is a platform to create blockchain based products, and manage “day-to-day digital asset operations.”
Exchanges, banks, PSPs, lending desks, custodians, trading desks, and hedge funds can securely scale their digital asset operations “through the Fireblocks Network and MPC-based Wallet Infrastructure.”
Fireblocks explained that it serves organizations in the financial, payments, and web3 space, has secured the transfer of “over $6 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit.”