Kaia Partners With Japan’s Pinoject to Expand Stablecoin Push
- Kaia said it signed a business partnership agreement with Pinoject, a Japanese consulting firm specializing in Web3 and financial regulation, to identify digital-asset business opportunities in Japan including stablecoins and tokenization.
- Kaia said it will use the partnership to respond proactively to Japan’s financial regulations and accelerate stablecoin commercialization in Japan.
- Suh Sang-min, chairman of the Kaia Foundation, said Japan is a critical market in terms of regulatory transparency and market size, and that the company will build new financial infrastructure through Pinoject’s regulatory expertise and network.
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Kaia, a South Korean blockchain project, has partnered with Pinoject, a Japanese consulting firm specializing in Web3 and financial regulation, as it steps up its expansion in the country.
Kaia said July 24 that it signed a business partnership agreement with Pinoject to identify digital-asset business opportunities in Japan, including stablecoins and tokenization.
Pinoject specializes in Japanese Web3 and financial regulation. The firm supports clients with license applications, compliance framework development and system operations. Kaia said Pinoject’s strength is its one-stop support for businesses including stablecoin issuance, drawing on practical experience in responding to Japan’s Financial Services Agency and the Financial Action Task Force.
Kaia plans to use the partnership as a starting point for a full-scale expansion in Japan. Pinoject will support the company in responding proactively to Japanese financial regulations. Kaia expects to accelerate stablecoin commercialization in Japan by combining its blockchain technology with Pinoject’s regulatory expertise.
Pinoject is led by Chief Executive Officer Mine Kimihiro, a former CEO of bitFlyer, one of Japan’s largest cryptocurrency exchanges. He previously worked at the Industrial Bank of Japan, now part of Mizuho Financial Group, and SBI Securities. He also served as the second chairman of the Japan Virtual and Crypto assets Exchange Association, or JVCEA.
Suh Sang-min, chairman of the Kaia Foundation, called Japan a crucial market because of its regulatory transparency and market size. Kaia plans to work with Japanese companies to build new financial infrastructure, backed by Pinoject’s regulatory know-how and network.
Mine said Kaia is one of Asia’s leading public blockchains and already has a track record of implementing a Japanese yen stablecoin. He added that he will serve as a bridge between Kaia’s technology base and Japanese business operators.
