The First Cryptocurrency Public Offering Goes Live in Japan

The First Cryptocurrency Public Offering Goes Live in Japan

A press release on 15 October announced that Cayman Islands based, Epoch Partners Limited, became the first cryptocurrency correlated IPO

Late last month, the securities registration for the fund was filed on the disclosure system (EDINET) of the Japanese Financial Services Agency. Subscriptions, which are capped at roughly $900 million or 100 billion Yen, are now open.

Marketing Strategy

Tokyo-based and licensed Japanese firm, Teneo Partners will work side-by-side with Epoch. Teneo CEO said, having a more diversified investment offering allows the firm to distinguish themselves from their competitors. This will also allow them to address the needs of their clientele.

Why Japan?

According to James Skinner, an Epoch Partners associate, Japan has been leading the virtual asset space. The country was the first to have proper cryptocurrency regulations. He then considered the interest of Wall Street institutions and believes the asset class will be part of an investor’s portfolio, though minimally.

Cryptocurrencies are blossoming is Japan. Just last month, the country increased manpower to help with its regulation efforts.

Related news

Crypto Trading Is the New Wall Street: Kraken Pro Trader

By CCN Markets: The crypto market continues to attract former Wall Street traders, and now we know why. Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken, was featured on Nasdaq TradeTalks as a guest. Minier, who hails from the trading desks at firms such as JPMorgan and Credit Suisse, explained how […] The post Crypto Trading Is the New Wall Street: Kraken Pro Trader appeared first on CCN Markets
CCN

Bitpoint Japan Sued By Its Taiwanese Subsidiary Bitpoint Taiwan For Overbilling

Bitpoint Taiwan is suing its parent exchange for 1 billion yen ($9.4 million) damages in what it claims was overbilling by the parent exchange following a hack. Cointelegraph reports that Bitpoint Taiwan found out that the amount of funds it got from its local customers were less by 500 million yen ($4.7 million) as a […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.