According to Foresight News, citing CoinDesk Japan, Kita Nihon Boseki, a fiber manufacturer listed on the Tokyo Stock Exchange and headquartered in Ishikawa Prefecture, Japan, announced that it will launch cryptocurrency and RWA-related businesses, aiming to create a new revenue pillar and promote the development of next-generation Web3 businesses. The new business is expected to be launched in early July after receiving approval at the shareholders' meeting on June 30. The company plans to hold and operate BTC, disclose related performance, and conduct cryptocurrency mining using renewable energy. Additionally, it is considering issuing an independent token for paying product service fees and settling procurement in plastic recycling businesses, while optimizing supply chain efficiency through RWA tokenization.
Kitanihon Bosho announced its entry into the crypto asset business, plans to hold Bitcoin and issue independent tokens
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