Blockstream announces the opening of a new office in Tokyo to promote the development of Bitcoin Layer 2 networks and self-custody technology in Japan

according to CoinDesk, Bitcoin technology company Blockstream has announced the opening of a new office in Tokyo and has partnered with Japan's leading Bitcoin strategy consulting firm Diamond Hands and investment company Fulgur Ventures. The company plans to promote the adoption of Bitcoin's second-layer network and self-custody technology in the Japanese market, as well as support the tokenization of physical assets.

Blockstream's investment division had previously invested $75 million in Bitcoin into Komainu, a crypto custody company jointly established with Nomura Securities, Ledger, and Coinshares. CEO Adam Back stated that the clarification of Japan's regulatory environment and the rising interest from institutional investors make this the best time for the company to enter this important market.