Bifrost Announces Strategic Partnership and Investment in Japan Open Chain (JOC)
We are pleased to announce that Bifrost has entered into a strategic partnership and made a strategic investment with Japan Open Chain (JOC). This collaboration aims to expand blockchain networks through multichain technology and create a true blockchain ecosystem that facilitates the entry of Web2 businesses into Web3.
About Japan Open Chain (JOC)
Japan Open Chain (JOC) is a leading project driving blockchain technology adoption in Japan, focusing on practical business applications. It is an Ethereum-compatible Layer 1 blockchain known for its fast, affordable, and secure transactions. JOC is not only focused on Japan but also aims to expand into global markets. JOC boasts a robust infrastructure with yen-denominated stablecoins and extensive collaborations with global top players like Sony Group, NTT Docomo, Dentsu, and Fujitsu. Its ecosystem includes validators, interoperability providers, and stablecoin pilot partners, ensuring a comprehensive and compliant Web3 infrastructure, solidifying its place as a key player in the Japanese blockchain ecosystem.
Key Aspects of the Collaboration
- Technical Support for Cross-Chain Technologies: Bifrost will provide technical support to enhance the interoperability of the JOC chain.
- Network Activation: Bifrost will contribute to network activation by deploying services such as DApps utilizing BTCFi on the JOC network.
- Bridge Adoption: JOC will provide support for the deployment of Bifrost’s bridge on the JOC network
- Joint Marketing Activities: Both parties will conduct joint marketing activities to increase awareness in their respective markets.
Expected Outcomes
This partnership is expected to accelerate Bifrost’s entry into the Japanese market while strengthening JOC’s connectivity with the global cross-chain ecosystem. Through this strategic investment, Bifrost also seeks to expand its ecosystem in Japan’s stablecoin sector, contributing to the practical application and popularization of Web3 technologies.
More detailed announcements regarding specific collaborative projects and marketing initiatives will be made in the near future.
