Animoca Brands Japan is working with RootstockLabs, which develops the Rootstock bitcoin sidechain, to provide bitcoin-based decentralised finance (DeFi) solutions to Japanese companies and institutions, Cointelegraph reported on Jan. 27.
The partnership focuses on localising the Rootstock institutional programme for the Japanese market and supporting companies in including bitcoin in their asset strategies.
Through the cooperation, Japanese companies can use on-chain financial tools that use bitcoin.
Rootstock supports Ethereum-compatible smart contracts while maintaining bitcoin-level security through merged mining.
Amo Kensuke (아모 켄스케), chief executive of Animoca Brands Japan, said companies in Japan are increasingly using crypto assets as part of their financial and asset strategies. He said the partnership will support companies in adopting bitcoin more actively while complying with the regulatory environment.
Chi-gyu Hwang
delight@d-today.co.kr