By Jon Russell
The global crypto market may have tanked last year, but notable names have joined forces to develop Bitcoin and blockchain financial services in Japan, which has emerged as one of the world’s most crypto-friendly markets.
Blockstream, a blockchain startup founded by Bitcoin contributors, announced this week that it has launched a joint venture in Japan alongside Digital Garage, an early-stage investor/incubator that’s backed local launches from Twitter, Square and others, and financial services firm Tokyo Tanshi.
Crypto Garage — as the new venture is called — is “is dedicated to building Bitcoin and blockchain solutions for the Japanese institutional market.” The venture was first unveiled last year, and it looks like Blockstream recently came onboard through an undisclosed investment. The startup said it is providing “technical expertise” for the effort.
That’s about all the color on the venture for now, although it has released its first product, “SETTLENET.” That is described as a platform that uses Liquid Network, Blockstream’s blockchain that is designed for exchanges and brokers with a focus on speed and security.
Settlenet — because nobody likes all-caps product names — is said to have already gotten …read more
Source: Tech Crunch