#Japan #Tokyo #Neo Crypto Bank #Iore #Cryptographic Assets

Iore Unveils Next-Generation Financial Infrastructure: Neo Crypto Bank

Iore Co., Ltd., under the leadership of CEO Yugo Takino, hosted a strategic announcement event focused on cryptographic asset financial services titled "Iore Cryptographic Asset Financial Business Strategy Announcement Conference". This event took place amidst Japan's push for Web 3.0 integration, where Iore revealed its next-generation financial infrastructure plan called the "Neo Crypto Bank". Takino took the stage to discuss the strategic background for this initiative, the rationale behind strengthening its corporate governance, and the current state of the rapidly evolving cryptographic asset financial market. Additionally, Shinpachi Hanashima, who serves as Iore's Executive Officer and CBO, presented on the business strategy that forms the core of Iore's innovative approach to cryptographic finance.

Panel Discussion Insights

A critical feature of the conference was an engaging panel discussion that included significant industry leaders. The speakers comprised Mihiro Mine from Finoject, Kensuke Amou from Animoca Brands, and Hideki Ikeda from SBI VC Trade. Hanashima moderated the discussion, which explored the future of cryptographic assets through the lenses of policy, technology, and a global perspective. The insights shared during this session highlighted critical issues such as regulation, technological advancements, and global market dynamics.

Overview of the Announcement

Iore aimed to transition cryptographic assets from mere holding to practical utilization. CEO Takino emphasized the importance of re-establishing Japan as a leader in technology and innovation. He stated, "We are ready to move from conceptualization to implementation, seeing cryptographic assets not merely as speculative instruments but as integral components of business financial strategies. In the face of a weak yen and rising prices, we must anchor our value and credibility domestically. Our mission with the Neo Crypto Bank is to integrate AI and blockchain technologies for deposit, management, and payment operations, effectively rebuilding trust through technology."

Neo Crypto Bank Strategy

Shinpachi Hanashima elaborated on the Neo Crypto Bank strategy, presenting a clear pathway through various stages: fundraising (DAT), lending (DAL), asset management (DAM), and utilization (DAU). This strategic direction marks a departure from traditional banking based on "currency credit" towards one that leverages "technology as collateral." The overarching goal is to redesign existing financial services including banking, payment systems, and loans to enhance value creation and provide global financial services access.

The plan for the Neo Crypto Bank seeks to introduce a super app that connects various services such as chat, payment, shopping, and ride-sharing, which were previously inaccessible via traditional cryptographic asset channels. Iore is actively collaborating with SLASH VISION and J-CAM to bring this vision to fruition. The super app will facilitate a borderless approach to personal finance and asset management while harnessing AI to enhance user experience seamlessly.

Looking Ahead

By the end of 2027, Iore sets ambitious targets to capture a 1% share of cashless payments, aiming for a staggering four million transactions worth 1.2 trillion yen. The company plans to lay the groundwork in 2025, initiating phased BTC purchases, followed by operational and lending preparations in 2026 and an app release with external service integrations in 2027.

Industry Insights on Regulatory Challenges

During the panel, the discussion shifted towards the regulatory landscape, particularly focusing on Japan's advances in stablecoin licensing and asset liability management (ALM) concerns. Mihiro Mine acknowledged the significant progress made with the licensing of JPYC, highlighting its transition from prepaid means to a credible financial instrument. Concurrently, Hideki Ikeda candidly shared the challenges associated with the stringent rules governing overseas asset-backed operations.

The Evolution of Corporate Treasury Practices

The dialogue transitioned into the evolving landscape of corporate treasury management. Hanashima posited that businesses are shifting from merely holding cryptographic assets to actively managing them as part of their strategic approach. Mine reinforced the responsibility of companies to transparently communicate the risks and rewards of their crypto holdings to shareholders. Furthermore, Ikeda elaborated on the rising demand for diverse asset management solutions beyond Bitcoin.

Wrapping Up: The Future of Cryptographic Assets

In conclusion, the panelists forecasted a resilient future for cryptographic assets, with Mine asserting the inevitable digitalization of monetary assets, even predicting that central banks will eventually hold digital assets as reserves. Ikeda stressed the urgent task for enterprises to adapt to the irreversible trend of blockchain integration in their operations. Amou suggested the potential applications of blockchain technology will extend beyond finance into sectors such as gaming and other non-financial domains.

About Iore

Founded on April 25, 2001, Iore Co., Ltd. is based in Chuo City, Tokyo. The company is dedicated to creating innovative financial solutions through various sectors, including advertising, data solutions, and AI/blockchain-based cryptographic asset financial services.

For more information, visit Iore's official website.