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Japanese Firm Remixpoint Suspends Web3 Investment Strategy
12/02/2025, 07:36
AI SUMMARY
●Remixpoint halts Web3 investment program citing strategic review
●Firm operates licensed exchange BITPoint and had allocated capital for expansion
●Decision reflects cautious stance from Japanese incumbents in current environment
Remixpoint, the Tokyo-listed parent company of crypto exchange BITPoint, has decided to suspend its Web3-related investment operations. The company had previously allocated capital to expand into the sector but is now pulling back its investment program.
This decision marks a strategic retreat for the firm within the Web3 space, although it continues to operate its core exchange business. The move reflects a cautious approach from some Japanese corporate entities amidst current market conditions.