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Japanese Exchange Operator FISCO Doubles Down on Crypto with New Plans

Tim Alper
Last updated: | 1 min read

Japanese financial news service provider and crypto operator FISCO is set to expand its crypto operations, find new uses for its token, begin staking services and start providing software for online shareholder meetings using blockchain-powered voting technology.

Source: Adobe/promesaartstudio

Per Coin Post, FISCO, which operates the Zaif crypto exchange, wants to issue a set of new apps, with development slated for completion in October – with rollout following in November.

FISCO operates the FISCO Coin (FSCC) cryptoasset, which is tradeable on platforms including its Zaif exchange. The firm said that it intends to release a smartphone app that makes use of smart contract technology that will allow token holders to stake their FSCC holdings.

The firm also said that it has begun the development of a “virtual shareholder meeting app,” as well as a shareholder benefits app.

The shareholder benefits app, the firm said, will allow stock-market listed companies in Japan to manage the way they distribute benefits, paying out shareholder benefits in the FSCC token.

FISCO added that it intends to develop a subsidiary devoted to dapps, tentatively named FDAP. The company will be a joint-venture project that will also comprise IT development firm Kusim and CAICA Technologies, a fintech-focused subsidiary of Tokyo-based information service group CAICA.

FISCO used to operate its own crypto platform, which is integrated with Zaif following a recent takeover.

As previously reported, FISCO has this month launched a legal case in the United States, accusing crypto exchange giant Binance of allowing hackers to trade stolen bitcoin (BTC) taken in a 2018 hack on Zaif – prior to FISCO’s purchase of the latter.

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