Japan opens up Web3 investments for local VCs
Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms.
Japan aims to increase strategic domestic investments into Web3 startups by allowing limited partnership (LP) firms to acquire and hold crypto assets.
The Ministry of Economy, Trade and Industry (METI) in Japan approved a bill to promote the creation of new businesses and industries via increased domestic investments by amending four key acts, including the Act on Investment Limited Partnership Agreements. A rough translation of the revision reads as follows:
The amendment allows LPs in Japan to invest in medium-sized companies and startups dealing with cryptocurrencies in exchange for a proportionate share of the venture’s profits. Consequently, the Web3 community in the region expects a rise in the emergence of crypto and blockchain startups originating in Japan.
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