We announced some exciting news today alongside DG Lab and The Tokyo Tanshi.
Digital Garage and Blockstream Expand Partnership to Accelerate Cryptocurrency and Blockchain Deployments in Japan
We are delighted to announce the expansion of our partnership with DG Lab to accelerate blockchain deployments in Japan. DG Lab will be using Blockstream’s Elements Blockchain Platform as the foundation for their blockchain-based deployments. Alongside this news, DG Lab is also announcing that The Tokyo Tanshi, one of the largest Japanese IDBs (Inter-Dealer Brokers), is joining the effort and will be working with DG Lab and Blockstream on a number of innovative blockchain initiatives, including these initial projects: issuing and circulating local currencies using blockchain technology and entering the cryptocurrency OTC market.
“We have spent significant time over the past two years researching and experimenting with various cryptocurrency and blockchain technologies. While there are many interesting initiatives underway, we have been the most impressed with the maturity and potential of the Elements Blockchain Platform. We believe working with DG Lab and Blockstream presents many exciting new capabilities for the next 100 years of our company.”
– Yuichiro Yanagida, President of The Tokyo Tanshi
In addition to the expanded partnership, the DG Lab Fund has made an investment in Blockstream, raising the company’s total funding to date to more than $80 million USD.
Digital Garage Forms a Strategic Business Alliance with Blockstream Entering the Second Phase of Developing Blockchain Technology for Bitcoin
Digital Garage also announced the strengthened strategic relationship between Blockstream and DG Lab. Blockstream’s Elements Platform sits at the heart of the recent launch of DG Lab DVEP™ (Digital Value Exchange Platform), an advanced framework for real-world payment systems built on blockchains. DG Lab DVEP™ is an application and business logic layer built on top of Blockstream’s Elements Blockchain and will enable rapid development of use cases and services for the Japanese market.
“In Japan, there is a rapidly growing interest in Bitcoin and blockchain technology. In the future, it will be vital for us to develop financial applications using blockchains and technological platforms that lead innovations in the industry. We believe that Blockstream’s blockchain platform, Elements, with its excellent security and reliability, is the exact technology we need. With our strong partnership with Blockstream, we are excited about accelerating the development of technologies to build a social infrastructure that will allow digital assets as well as bitcoins to circulate safely and efficiently. DG will also help Blockstream enter the Japanese market. We are looking forward to creating synergy in a variety of areas.”
– Kaoru Hayashi, Representative Director, President Executive Officer and Group CEO of DG
Digital Garage and Tokyo Tanshi to Partner in FinTech Development of New Financial Business with Blockchains and AI
Today’s collection of announcements also includes more information about the investment by The Tokyo Tanshi in the DG Lab Fund. DG Lab Fund is managed by DG Daiwa Ventures, Inc. (DG Daiwa Ventures) a joint venture between DG and Daiwa Securities Group, Inc. The fund invests in startups, including Blockstream, that specialize in next generation technology. The Tokyo Tanshi will collaborate with DG and Blockstream on a number of innovative projects.