Crypto Garage Co., Ltd. has completed registration with the Kanto Finance Bureau as a crypto asset exchange company based on the Fund Settlement Law. This month, cases of exchange business registration are continuing in Japan.
Crypto Garage is a company that develops and develops financial services business using blockchain technology and cryptographic technology. As a joint venture between Digital Garage Co., Ltd. (TSE First Section: 4819) and Tokyo Tanshi Co., Ltd., September 2018 Established in. We are working to solve the problems in the current existing financial markets and crypto financial markets with blockchain technology and cryptographic technology.
Only L-BTC (Liquid Bitcoin), which is a token on Bitcoin’s side chain “Liquid Network”, is available. This is the first time that the currency has been handled in Japan.
In January 2019, in the project of “Building a payment platform for professionals who can settle virtual currency and legal tender at the same time”, it was the first in the domestic financial field to be certified by the Japanese government as a “regulatory sandbox system”. Get. As a demonstration experiment, we are providing a service on the Liquid Network that can issue yen-denominated tokens (JPY-Token) that can be exchanged for Bitcoin-backed tokens (L-BTC).