TechFlow reported on November 12 that, according to Cryptonews, Japanese cryptocurrency exchange Bitbank announced the establishment of a wholly-owned subsidiary, Bitbank Ventures, focused on investing in overseas blockchain enterprises. The subsidiary will primarily target blockchain projects from seed to Series A rounds and support international companies entering the Japanese market.
Jun Kuwahara, Head of Business Development at Bitbank, stated that over the past three years, the company has invested in Web3.0 startup accelerator Next Web Capital and crypto project Oasys. Transitioning to a corporate venture capital model will accelerate investment decision-making and enhance its investment capabilities. The new subsidiary will focus on investments in Layer1 and Layer2 infrastructure, as well as AI, gaming, and Web3 projects.
