Tagged: japan

April 18, 2021 @ 5:51 pm By Omar Faridi  |  

A senior Bank of Japan (BoJ) official has stated that China’s digital renminbi will not be able to pose a threat to the US dollar’s dominant position as the global reserve currency. As reported by Bloomberg, Kazushige Kamiyama, who heads the BoJ’s payment systems division… Read More

April 5, 2021 @ 9:14 am By Omar Faridi  |  

The Bank of Japan (BoJ) revealed on Monday (April 5, 2021) that it has officially started Phase 1 of its central bank digital currency (CBDC) pilots and related experiments. The initial phase of testing will mainly focus on assessing the basic functions of CBDCs as… Read More

April 2, 2021 @ 7:25 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) has confirmed the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the Hong Kong dollar (HKD) CHATS and the Bank of Japan (BoJ) Financial Network System. These transactions wll reportedly involve Japanese Government Bond (BOJ-NET JGB) Services…. Read More

April 1, 2021 @ 10:34 am By Samantha Hurst  |  

  Paidy, a Japan-based buy now pay later brand, announced on Wednesday it raised $120 million through its Series D funding round, which included participation from JS Capital Management LLC, Soros Capital Management LLC,  Tybourne Capital Management Ltd, and Wellington Management. Paidy reported that since late… Read More

March 17, 2021 @ 10:45 pm By Omar Faridi  |  

The Bank of Japan (BoJ) has confirmed that it is getting ready to work on a national virtual currency. Haruhiko Kuroda, governor of the 138-year-old institution, stated that the BoJ, the nation’s reserve bank, would begin “preparing thoroughly” for a future that may include a… Read More

March 16, 2021 @ 2:30 am By JD Alois  |  

OurCrowd has revealed that NTT Finance, a subsidiary of NTT Group (Nippon Telegraph and Telephone), will establish NTT Finance Israel LP in partnership with OurCrowd. According to OurCrowd, NTT Finance will initially commit $15 million for a dedicated investment program. OurCrowd will provide early access… Read More

February 6, 2021 @ 6:37 pm By Omar Faridi  |  

SATYA MicroCapital, a fast-growing micro-lending firm based in India, has reportedly secured INR 153 Crore (appr. $21 million) in funding from Japan’s Gojo & Company. The microfinance lender confirmed that the recent investment acquired is one of the largest capital infusions it has received (and… Read More

February 4, 2021 @ 9:33 am By Samantha Hurst  |  

  Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned subsidiary, Carta Worldwide, has expanded into Japan in support of the TransferWise launch of its multi-currency debit card in the country. According to Mogo, Carta’s modern open-API issuer… Read More

January 8, 2021 @ 12:06 am By Omar Faridi  |  

Malaysia-based Fintech firm Soft Space has teamed up with Japan’s GMO Financial Gate (GMO-FG), a payment service provider, in order to offer payments solutions to Japanese consumers. Through the partnership, Soft Space will be supporting the secure and seamless Europay, Mastercard, and Visa (EMV) transactions…. Read More

December 30, 2020 @ 8:41 am By Omar Faridi  |  

Tokyo-based GMO Internet Inc., an Internet conglomerate, has reportedly been granted approval from the New York Department of Financial Services (NYDFS) to form a limited purpose trust company, GMO-Z.com Trust Company, Inc. Through this initiative, the company will issue the very first regulated Japanese Yen-pegged… Read More

December 9, 2020 @ 9:49 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has teamed up with top Japanese system integrators in order to boost its compliance network. Chainalysis announced on December 7, 2020, that it has partnered with Japan-based system integrators Hitachi and SB C&S. These firms are the latest to join Chainalysis’… Read More

December 4, 2020 @ 7:42 am By Omar Faridi  |  

The team at Security Token Advisors, which aims to “reinvent” finance with security tokens, reveals that the world’s top 100 banks in terms of assets under management (AUM) are learning how to “reinvent themselves” with blockchain or distributed ledger technology (DLT). The Security Token Advisors… Read More

November 19, 2020 @ 7:00 am By JD Alois  |  

Leading global online investing marketplace OurCrowd has received a $60 million investment from ORIX Corporation (NYSE:IX). Orix is a Japan based financial services firm that offers lending, investment, life insurance, banking, asset management, real estate, and more. ORIX operates globally with offices in 37 countries… Read More

October 31, 2020 @ 3:23 pm By Omar Faridi  |  

Aristagora Advisors, a Japanese asset management company, recently launched a $60 million VC fund, called Aristagora VC, which is focused on early-stage Israeli startups. Aristagora VC aims to focus on deep tech firms and will be investing anywhere between $500,000 to $1.5 million as an… Read More

October 17, 2020 @ 1:30 pm By Omar Faridi  |  

A Bank of Japan official recently noted that there’s no single virtual currency that will completely dominate global transactions, but only if reserve banks focus on enhancing their existing settlement systems. China, which has been leading the charge when it comes to implementing a national… Read More

October 16, 2020 @ 8:14 am By Samantha Hurst  |  

Japanese fintech accelerator Plug and Play Japan held its six-day Fall Summit 2020 (Demo Day) for its accelerator program on September 28th. The program revealed that 161 international and domestic startups pitched to a total of 4,391 viewers during the event. According to Plug and… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 6, 2020 @ 6:13 pm By Omar Faridi  |  

Joel Edgerton, COO at bitFlyer, a crypto-asset exchange that’s licensed to operate in Japan, the United States, and Europe, recently shared his views about the court case and charges brought against the Bitcoin Mercantile Exchange (BitMEX), a leading digital asset derivatives exchange. Edgerton also shared… Read More

September 30, 2020 @ 8:19 am By Samantha Hurst  |  

Cryptocurrency exchange bitFlyer announced on Tuesday the launch of cross-border trading on its platform. bitFlyer reported that its users in Europe will be able to have access to bitcoin markets in Japan, while still using a European-regulated platform. Launched in 2018, bitFlyer describes itself as… Read More

September 28, 2020 @ 11:53 am By Omar Faridi  |  

Chainalysis, a leading blockchain analysis firm, has revealed that it will establish two new offices in Singapore and Tokyo. The company stated that it remains focused on fully supporting local crypto and blockchain companies. It’s also helping government agencies and traditional financial institutions with monitoring… Read More