NEWS

2018.9.3

Crypto Garage, Inc. was established

Digital Garage, Inc. (TSE first section: 4819; HQ: Tokyo; Representative Director, President Executive Officer and Group CEO: Kaoru Hayashi; DG) and The Tokyo Tanshi Co., Ltd. (HQ: Tokyo; President: Shoji Ushiro; Tokyo Tanshi) have established a joint-venture company for blockchain financial service R&D and business in the Fintech field.

DG is engaged in cooperative business development with investees and other companies through DG Lab, its open innovation R&D organization. Tokyo Tanshi is a financial institution with over 100 years of experience, mainly intermediary and brokerage services in the interbank transaction and open markets. It is involved in a wide range of markets including the short-term money, bond, and commercial paper markets, as well as the foreign exchange and interest/stock derivative markets via its group companies. DG and Tokyo Tanshi entered into a cooperative-industry partnership in November 2017, and have been considering the creation of new Fintech businesses combining the cutting-edge blockchain technologies that are the subjects of DG Lab’s R&D and Tokyo Tanshi’s financial market expertise.

Furthermore, DG and Tokyo Tanshi will establish a joint-venture company with the aim of accelerating R&D on advanced financial services and use cases leveraging blockchain and encryption technology, with the aim of offering innovative services in the emerging cryptocurrency and blockchain fields.