Cryptocurrency industry is growing rapidly and becoming the future, and one Japanese company is setting out to take things to new highs with this technology. It has moved in leap and fold from bitcoin bonds, and now has its eyes set on crypto funding. But it is not done yet; the firm has plans moving forward to introduce yet another advancement too, the derivatives products.
After Bitcoin bond was issued, a Japanese investment research group known as Fisco Corporation is setting out to launch a cryptocurrency fund. It also has plans afoot for derivatives to follow alongside several other services related to cryptocurrency.
About Fisco Corporation
The company, which is based on Tokyo, announced that it would be investing over 300 million yen in Bitcoin as well as other cryptocurrencies. Nikkel described the crypto fund as the first project of its kind in the country. Besides, the company is looking to get some profit from the price differentials in both the domestic as well as foreign cryptocurrency exchange, as the publication by the company shows.
Fisco Corporation was founded in 1995 and is listed by Jasdaq. It operates a crypto exchange known as Fisco Cryptocurrency Exchange. The exchange was among the first eleven exchanges that the Japanese Financial Service Agency licensed in September 2017. The renowned platform offers yen trading of bitcoin so far as well as supporting trades between yen and other coins like bitcoin cash and monacoin.
Advance From Bitcoin Bond
Fisco Cryptocurrency Exchange offered the first bitcoin-dominated and unsecured corporate bond in Japan on August last year, as reported earlier on. The company states that this bond offers a payment of 3 percent of the coupon, and will give 200 bitcoins back to the user once it matures, which is slotted for August 10, 2022.
The company’s year-end Investor Relations report for 2017 indicates that Fisco’s management resources have been allocated to several projects that are related to cryptocurrencies. What’s more, besides issuing the bitcoin bond mentioned above, the company also established a division for cryptocurrency fund management last year.
This recent report shows that this fund is meant to be used for operating a virtual currency fund. And there is more; the company also claims that it created a holding company known as Fisco Digital Asset Group in October of last year.
Beyond Crypto Fund
After developing from bitcoin bond to crypto fund, Fisco is not stopping there. It has plans to keep expanding its cryptocurrency offerings in a bid to include what it is calling financial derivatives products. This move will be made using virtual currency and B2B services including issuance of virtual currency corporate bonds as well as B2C services too, which includes crowdfunding.
Should I Give It A Try?
Well, the answer is quite simply YES! If you are into trading bitcoin, this company seems to have something for you, And more than just bitcoin, there is apparently a whole lot in store for users. With all the plans in place to keep advancing, it is only a matter of time until this firm brings on board the next big thing in the world of cryptocurrency. You can consider joining in and making the most of the benefits that it has to offer. The opportunities seem almost endless.