Fireblocks Sets Up Tokyo Office to Strengthen Asia-Pacific Presence

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Jai Pratap

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Jai Pratap

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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December 11, 2024

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Digital asset infrastructure giant Fireblocks has opened a regional office in Tokyo to tap into Japan’s growing blockchain ecosystem, the firm announced in a press release shared with CryptoNews.

Japan has emerged as a global leader in blockchain innovation, driven by its regulatory environment and rising interest in cryptocurrencies and Web3 technologies. Fireblocks, one of the few wallet providers approved by Japan’s Financial Services Agency (JFSA), is offering secure digital asset solutions, including treasury management, tokenization, and wallets-as-a-service.

The company’s Japanese operations will serve clients like Web3 infrastructure firm Startale Labs, known for its work on the Astar Network, and Oasys, a Web3 gaming platform.

Tailored Solutions for a Growing Market

Japan’s cryptocurrency market is projected to grow by 54% between 2024 and 2032. Fireblocks’ Tokyo office will deliver customized solutions for enterprises, leveraging technologies like Multi-Party Computation (MPC) and Hardware Security Modules (HSM) for enhanced security.

The company plans to expand its team, hiring experts in sales, product, and professional services to ensure a bilingual client experience tailored to the Japanese market.

Fireblocks is collaborating with major players in Japan’s blockchain ecosystem, including Startale Labs, Oasys, and CoinTrade, a cryptocurrency exchange and trading platform.

“Japan has a deep legacy of innovation,” said Michael Shaulov, CEO of Fireblocks. “Establishing an office here allows us to meet market needs and help enterprises harness blockchain technology securely and at scale.”