| Mobile Web

Search results for yen

Crypto

Japan to enter bitcoin spot ETF era; $18.4 billion market seen by FY2028

Japan\'s bitcoin spot exchange-traded fund market could grow to about $18.4 billion by fiscal 2028, as retail investor access broadens, institutional money flows in and tax changes take hold, industry participants say. Digital asset manager XWIN said the forecast is based on realistic funding assumptions, with the target equalling 0.13 percent of Japanese household financial assets. It also pointed to retail channels, institutions and product supply from financial firms as key inflow routes.

Crypto

LayerZero, Kita to support moving tokenised bank deposits on public blockchains

LayerZero and Kita have formed a partnership to support moving regulated commercial bank funds on public blockchains. LayerZero said it will combine its omnichain interoperability protocol with Kita’s compliance-built infrastructure. Institutions will be able to move funds for cash management and payments on the Kita network, Ethereum, Solana and Base. The partnership centres on the Kita stablecoin, a tokenised bank-deposit asset held through a licensed fintech platform.

AI & Enterprise

AI boom lifts Japan\'s Toto, Nittobo and Ajinomoto shares

In Japan’s stock market, Toto, Nittobo and Ajinomoto have emerged as beneficiaries of the artificial intelligence boom despite not being semiconductor companies. CNBC reported their shares are up 78 percent, 63 percent and 61 percent this year as they apply materials and manufacturing know-how to the semiconductor supply chain. The firms supply key components and materials used in chipmaking and packaging, and all posted clear growth in semiconductor-related businesses in the year ended March 31.