Animoca Brands Japan and RootstockLabs Collaborate on Bitcoin DeFi Tools
- Animoca Brands Japan has partnered with RootstockLabs to introduce Bitcoin-native DeFi tools for Japanese corporations.
- The partnership aims to localize Rootstock’s institutional program, allowing companies to manage Bitcoin as part of their treasury strategies.
- Rootstock is a sidechain secured by Bitcoin’s hash power, enabling Ethereum-compatible smart contracts.
- Japanese companies are increasingly adopting cryptoassets, with Metaplanet holding the largest Bitcoin treasury of approximately 35,102 BTC.
- Other notable firms include NEXON Co., Ltd., with about 1,717 BTC, and Remixpoint with roughly 1,411 BTC.
This collaboration seeks to enhance corporate adoption of cryptoassets in compliance with Japan’s regulations while exploring financial tools like DeFi services built on Rootstock.
With Metaplanet’s significant holdings and growing interest from other companies, Bitcoin is solidifying its role as a treasury asset in Japan.(Source)
