Strategic Partnership Announcement
AI Fusion Capital Group and its subsidiary, MiraiCoin, are excited to announce a strategic partnership with Pilab Co., Ltd., the provider of the Bitcoin management service, Bifrost. This collaboration aims to enhance the cryptocurrency asset management sector by utilizing the innovative services offered by Bifrost.
About the Partnership
With Bitcoin's market cap soaring to approximately 325 trillion yen, its acceptance as a financial product is becoming more prevalent both domestically and internationally. Despite this growth, the current consensus algorithm of Bitcoin, which operates on Proof of Work (PoW), restricts the availability of staking services, leading to a somewhat limited asset management environment for Bitcoin holders. Recent data indicates that only about 0.3% of Bitcoin’s market capitalization is in managed assets, while Ethereum boasts a significant 21.4%.
Recognizing this disparity, there's an increasing demand for asset management services associated with cryptocurrencies, particularly Bitcoin. Bifrost intends to launch its Bitcoin management services beginning March 2024, establishing itself as an early innovator in this emerging sector.
In light of this goal, AI Fusion Capital Group will actively develop cryptocurrency-related businesses, focusing not just on holding assets like Bitcoin but also on providing asset management utilizing these held cryptocurrencies. This partnership marks a pivotal step as the group establishes a robust framework enriched with WEB3 expertise, allowing for deeper engagement in the blockchain sector.
Overview of the Strategic Partnership
Through this partnership, the Bifrost Network will construct a next-generation financial infrastructure, where we will participate as validators (verifiers), contributing to the ecosystem's health and transparency. Additionally, our operations will leverage the Bifrost platform to generate operational revenue, further solidifying our position in this competitive landscape.
Comments from Stakeholders
Daisuke Sawada, President of AI Fusion Capital Group, expressed optimism, stating, "As outlined in our mid-term management plan, we are set to expand our cryptocurrency-related initiatives. Through this partnership with PILAB, a global leader in blockchain services, we aim to contribute to the growth of cryptocurrency services in Japan. Utilizing our WEB3 and blockchain expertise, we hope to enhance PILAB’s offerings and strengthen Bitcoin management services in our region."
Jo Chanul, President of Bifrost, shared his excitement regarding the partnership: "Collaborating with AI Fusion Capital Group, a publicly-listed company on the JPX, greatly excites us. By integrating our technological capabilities and networks, we aim to expand the use cases and liquidity of Bitcoin, contributing new value beyond mere holding and trading."
Company Background
About AI Fusion Capital Group
Founded in October 2024, AI Fusion Capital Group is publicly listed on the Tokyo Stock Exchange's Standard Market under stock code 254A. Based in Roppongi, Tokyo, the group specializes in venture investments and managing investment partnerships. Their mission encompasses a range of activities related to managing and operating group companies.
About Bifrost
Bifrost is a subsidiary focused on developing decentralized applications (DApps) as part of a blockchain development company committed to analysis-driven solutions. Bifrost Network is a specialized cross-chain technology that supports both EVM and non-EVM environments, aggregating fragmented liquidity into a single management system.
For more about these developments and inquiries, visit
AI Fusion Contact.