Development of custody and cashless payment businesses for cryptocurrency exchange operators
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3DroppedAnnual report
「In connection with this withdrawal, the license for the custody business, for which rights had been acquired from Bastion Pay, will also be terminated before its expiration.」
The custody business for cryptocurrency exchange operators shifted toward suspending operations when its license was terminated before expiration in connection with the withdrawal from the blockchain-related business. - FY2020-Q2AdvancedAnnual report
「In the blockchain-related business, although the ICO consulting business received no new inquiries due to the sluggish ICO market, the company began custody operations in April 2019 and expanded the scope of its business. As a result, revenue was ¥116 million, an increase of ¥116 million year on year, and the operating loss was ¥14 million, an increase of ¥9 million year on year.」
The custody business launched in April 2019 expanded during the cumulative second-quarter period and generated revenue of ¥116 million. The business recorded an operating loss of ¥14 million, with expansion and losses occurring concurrently. - FY2020-Q1AdvancedAnnual report
「Business acquisition date 1 April 2019 The purpose was to operate Bastion, a management system for custody operations for cryptocurrency exchange operators, and BastionPay, a system promoting cashless payments using blockchain technology, in Japan and Southeast Asia. Consideration for acquisition: Cash ¥500,000 thousand」
The acquisition of the Bastion and BastionPay businesses disclosed in the previous fiscal year was completed on 1 April 2019 and has been included in results from the current first quarter at an acquisition price of ¥500 million. The company also states that it began custody operations. - FY2019First statedAnnual report
「Since April 2019, we have provided Bastion, a management system for custody operations for cryptocurrency exchange operators, and BastionPay, a system promoting cashless payments using blockchain technology.」
The company entered into an agreement to acquire licensing rights and other assets on 29 March 2019 and acquired the business on 1 April. The acquisition price was ¥500 million, payable in 5 annual installments, and the company began custody and cashless payment operations in Japan and Southeast Asia.