Blockstream, a leading Bitcoin technology firm co-founded by Adam Back, has officially opened a new office in Tokyo to expand its operations in Asia. The firm intends to promote the adoption of Bitcoin Layer-2 and self-custody technologies in the region, partnering with local consultancy Diamond Hands and investment firm Fulgur Ventures. With increasing interest from Japanese corporates in Bitcoin, including a significant recent investment by hotel investor Metaplanet, Blockstream aims to support local businesses entering the Bitcoin economy by providing treasury management, payments infrastructure, and custody solutions. Adam Back emphasized the importance of this expansion, citing increased regulatory clarity and rising institutional interest as pivotal factors for establishing a presence in Japan. Blockstream's investment arm has also recently committed $75 million to Komainu, a crypto custody joint venture, underlining their commitment to enhancing Bitcoin's adoption and infrastructure in the region.

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