Japanese Crypto Exchange Bitbank to Go Public with Planned IPO Next Year

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As a seasoned researcher with a keen interest in the evolving world of cryptocurrencies and initial public offerings (IPOs), I find the recent developments at Bitbank intriguing. Having followed the crypto market for years, I’ve witnessed its ups and downs, its potential, and its challenges.

As a financial analyst, I’m sharing that Bitbank, a prominent player in Japan’s cryptocurrency exchange market, has disclosed its intentions to embark on an Initial Public Offering (IPO) next year. This information was shared by the company’s CEO, Noriyuki Hirosue, during a recent online seminar. According to Bloomberg Law’s report, this exciting development was announced on Tuesday.

The business is actively preparing for a possible Initial Public Offering (IPO) and aims to be financially beneficial for its investors. As stated by CEO Hirosue, if the IPO takes place, the company intends to make strategic investments in cutting-edge technologies outside the cryptocurrency sector, such as artificial intelligence (AI), among others.

Bitbank Plans Public Listing on the Tokyo Stock Exchange

In order to reassure skeptical investors, especially those wary about investing in the cryptocurrency market because of regulatory issues, the company intends to focus on launching innovative products and services first, while ensuring they meet stringent compliance requirements throughout the process.

By mid-2025, it’s possible that Bitbank may complete its Initial Public Offering (IPO), making it Japan’s inaugural publicly listed cryptocurrency exchange. Similar to how Coinbase operates as a publicly traded crypto exchange within the United States.

Next year, possibly around mid-year, Hirosue mentioned his intention to carry out an Initial Public Offering (IPO). He feels that achieving this public listing would enhance Jason’s reputation and standing in the domestic cryptocurrency industry, which at present is perceived as weak in terms of social credibility.

Back in July, Bitbank initially proposed the idea of going public via an Initial Public Offering (IPO). This was made clear through a submission they made to the Japanese financial authority. Within this document, they detailed their ambition to be listed on the Tokyo Stock Exchange.

When the documents were submitted, the major stockholders in the exchange were Noriyuki Hirose, who had a 30.69% ownership, MIXI, Inc with a 26.99% share, and Ceres Inc, which controlled 23.05% of the company.

Bitbank Unveils Investment Division to Increase IPO Prospects

As I eagerly wait for the regulator’s verdict, the company I’m invested in has broadened its global reach with the debut of a fresh investment arm called Bitbank Ventures. This new division is designed to offer financial backing to potential blockchain initiatives spanning various sectors within the industry.

As a crypto investor, I’m excited to learn about our company’s expansion plans. We’re not just limiting our financial support to projects within Japan or the APAC region; we’re broadening our horizons globally. This backing will extend to initiatives at various stages of development, from their inception (pre-seed) all the way to Series A funding rounds. In essence, we’re opening up opportunities for projects across the world.

Additionally, Bitbank isn’t the sole Asian cryptocurrency company aiming to become publicly traded next year. In fact, Bithumb, South Korea’s second-largest digital currency exchange, disclosed in September that it intends to go public in the United States by merging with a special-purpose acquisition company. If all goes as planned, the firm aspires to be listed on Nasdaq by the end of 2025’s second half.

Similar to Bitbank, Bithumb established Bithumb Investment as part of their strategy to enhance the possibilities of going public through an Initial Public Offering (IPO).

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2024-12-10 19:10