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THE INVESTOR
October 19, 2018
Big Reunion

Startups & Investors

Blockchain startup Glosfer expands into Japan

  • PUBLISHED :December 14, 2017 - 15:09
  • UPDATED :December 14, 2017 - 15:09
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[THE INVESTOR] Korean blockchain-based startup Glosfer on Dec. 13 said it has signed a contract with Lapurema Holdings to expand its footing in Japan. 

Under the agreement, Glosfer will take part in a project to enhance the systems of Bitstation, a cryptocurrency exchange owned by Japan-based Lapurema Holdings. 

“Through the latest contract, we will provide Glosfer’s technology and know-how on operating the cryptocurrency exchange to improve service quality for Lapurema Holdings’ exchange and expand its market share,” said Kim Tae-won, CEO of Glosfer. 


Masakazu Utsunomiya, CMO of Lapurema Holdings, (center) and Glosfer CEO Kim Tae-won



“Our goal is to deliver profits that will satisfy both firms by expanding market share of the cryptocurrency exchange by upgrading its systems,” said Masakazu Utsunomiya, CMO of Lapurema Holdings. “We expect this agreement will enhance the service quality of Japan’s cryptocurrency exchange market.”

Earlier this month, Glosfer obtained the Japanese authority’s approval to operate a cryptocurrency exchange in the country, the first for a Korean firm. It is reportedly planning to open a cryptocurrency exchange in Japan next year. 

Glosfer, which provides an array of blockchain-based services, also operated the cryptocurrency exchange BitWare in Korea from 2015 to early this year. It has closed down due to system maintenance with plans to reopen before the year-end.

By Ahn Sung-mi (sahn@heraldcorp.com)

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