Japan Blockchain Foundation Joins Financial Services Agency "FinTech Proof-of-Concept Hub" as Supported Case
〜 Verification of Anti-Money Laundering Measures Targeting Crypto Assets and Other Assets 〜
Japan Blockchain Foundation Co., Ltd. (Representative Director: Daimei Inaba, hereinafter "the Company"), which operates and manages the consortium of "Japan Open Chain (JOC)," an Ethereum-compatible public blockchain operated by Japanese companies, announces its participation in the verification of anti-money laundering measures targeting crypto assets and other assets, which has become the 13th supported case of the Financial Services Agency's "FinTech Proof-of-Concept Hub" (established on September 21, 2017).
About the "FinTech Proof-of-Concept Hub"
To accelerate innovation leveraging FinTech, the Financial Services Agency established the "FinTech Proof-of-Concept Hub" on September 21, 2017, to dispel concerns and hesitation when undertaking unprecedented proof-of-concept experiments and to support smooth challenges. This initiative provides continuous accompaniment support toward the organization of practical issues such as compliance and supervisory response risks, and the interpretation of laws and regulations that arise when providing services to general users.
Website: https://www.fsa.go.jp/news/29/sonota/20170921/20170921.html
Experiment Overview
(Experiment Content) This proof-of-concept experiment will verify the feasibility and practical effectiveness of a new framework in which private businesses take the initiative in information sharing regarding anti-money laundering measures targeting crypto assets and stablecoins.
(Planned Period) March 2026 to May 2026
FSA Website: https://www.fsa.go.jp/news/r7/sonota/20260227-2/20260227-2.html
◽️ Japan's Blockchain 'Japan Open Chain'
"Japan Open Chain" is a practical Ethereum-compatible (Layer 1) public blockchain operated by Japanese companies. Together with leading companies and web3 businesses in the industry, we are building blockchain infrastructure that anyone in the world can use with confidence at high speed and low cost. At the same time, it is a project aimed at bringing about a digital financial revolution worldwide through the construction of future financial infrastructure through the digitization of assets such as stablecoin projects by banks and NFTs.
Current validator participants (blockchain operating partners) include 14 companies: Dentsu Inc., G.U. Technologies Inc., insprout Inc., Kudasai Inc., pixiv Inc., TIS Inc., extra mile Inc. (TV Asahi Group), Kyoto University of the Arts, Hatena Co., Ltd., CAC Corporation, Cyber Links Co., Ltd., SBINFT Inc., Nethermind, and Pacific Meta Inc., with the blockchain managed in a decentralized manner and planned to eventually reach 21 companies.
◽️ About Japan Blockchain Foundation Co., Ltd.
Japan Blockchain Foundation Co., Ltd. operates and manages the consortium of "Japan Open Chain," an enterprise-oriented public blockchain jointly operated by trusted Japanese companies in compliance with Japanese law. Through governance design and regulatory compliance-focused infrastructure development, we promote the social implementation of next-generation financial infrastructure, including stablecoin and token utilization by financial institutions, corporations, and local governments.
【Company Overview】
Company Name: Japan Blockchain Foundation Co., Ltd.
Location: Cerulean Tower 15F, 26-1 Sakuragaoka-cho, Shibuya-ku, Tokyo
Representative: Representative Director Daimei Inaba
Established: July 2022
URL: https://www.jbfd.org/
Business Overview: Web3 infrastructure operation and management
Affiliated Companies: G.U.Group Inc., G.U. Technologies Inc.
Inquiries Regarding This Matter
We welcome interview and lecture requests. Please feel free to contact us.
Japan Blockchain Foundation Co., Ltd. Public Relations
Contact Form: https://www.japanopenchain.org/contact
Email: contact@jbfd.org
*Images and logos in this press release may only be used for reprinting related to this release.