BitTrade Joins JETRO to Promote Japan's Trade DX Using Blockchain

BitTrade Co., Ltd. (Location: Minato-ku, Tokyo; President and Representative Director: Sekiryu), which operates a crypto asset exchange, has joined the Japan External Trade Organization (JETRO), an independent administrative agency responsible for supporting the overseas expansion of Japanese companies and promoting trade.

Through this membership, we will leverage the blockchain technology and Web3 expertise we have cultivated as a crypto asset exchange operator to initiate efforts to enhance settlements, fund transfers, and information management in global business. Together with related companies and organizations, we will consider and promote the ideal state of next-generation financial and trade infrastructure.

As a first step in this initiative, we are currently recruiting partner companies to discuss the future of next-generation infrastructure, engage in co-creation, and exchange knowledge.

Background: Challenges in Settlement and Information Management in International Trade As corporate globalization accelerates, the importance of utilizing digital technology in settlements, fund transfers, and the supply chain sector within international trade and cross-border business is higher than ever before.

In particular, blockchain technology and crypto-asset-related technologies, including stablecoins, hold new potential to overcome traditional analog challenges in the following areas:

- Reducing international remittance costs and improving transfer time efficiency - Improving transparency and ensuring authenticity in trade transactions - Enhancing secure data coordination with overseas businesses - Building a new era of financial and settlement infrastructure utilizing digital assets

On the other hand, it is a fact that there are many challenges and uncertainties in practical business settings regarding legal regulations, accounting, internal controls, and technological operations. BitTrade has decided to join JETRO to resolve these hurdles and enhance the international competitiveness of Japanese companies.

Intentions and Main Initiatives of Joining JETRO We will return our expertise as a domestic crypto asset exchange operator to society and contribute to the global expansion and digitalization of Japanese companies. Through our JETRO membership, we will specifically promote the following initiatives:

- Provision of Knowledge and Information Exchange: Providing practical knowledge on the use of blockchain and crypto assets, and sharing overseas Web3 and Fintech trends. - Understanding Practical Challenges: Gathering real issues and needs from the field through dialogue with trade-related companies and organizations. - Information Gathering and Dissemination: Collecting the latest institutional and technical information on stablecoins and digital settlements, and researching application possibilities. - Exploring Future Co-creation: Considering potential support for companies expanding overseas, and exploring future Proof of Concept (PoC) projects and business partnerships.

Future Developments: Collaborating with Partners to Co-create Next-Generation Infrastructure Moving forward, while deepening collaboration with domestic and international companies and organizations through JETRO's network, we will proceed with initiatives on themes such as the following:

[Main Themes for Consideration] - Research on enhancing cross-border settlements and the potential use of stablecoins - Utilization of blockchain in Trade DX - Collaboration with overseas companies in the Web3 domain - Connection with inbound and cross-border e-commerce - New financial services utilizing digital assets

Our company will not stop at merely providing services; together with like-minded companies and organizations, we will continue to discuss the future of 'next-generation infrastructure' where trade, finance, and digital technology converge.

[Business Collaboration and Inquiries Regarding This Matter] BitTrade Co., Ltd. is continuously recruiting partner companies to engage in co-creation and knowledge exchange regarding the update of Trade DX and cross-border settlements, the utilization of stablecoins, and more. For consultations regarding this matter, please feel free to contact us via the URL below. https://support.bittrade.co.jp/hc/ja/requests/new

Comment from President and Representative Director Sekiryu "As globalization progresses, blockchain and digital asset technologies have the potential to play an extremely important role in future trade and financial infrastructure. Taking our JETRO membership as an opportunity, our company will further deepen collaboration with domestic and international companies, and proactively work to solve practical challenges and create new use cases. While adhering to systems and regulations, and emphasizing safety and transparency, we will strive to contribute to improving the international competitiveness of Japanese companies."

About BitTrade Co., Ltd. Leveraging the strengths of its proprietary blockchain technology and security systems, BitTrade has provided technology provision support to various businesses to date.

Service Name: BitTrade Operating Company: BitTrade Co., Ltd. Crypto Asset Exchange Operator: Director-General of the Kanto Local Finance Bureau No. 00007 Financial Instruments Business Operator (Type I): Director-General of the Kanto Local Finance Bureau (Kinsho) No. 329