Animoca Brands has partnered with Ibex Japan, Antler’s corporate innovation arm, to launch a dedicated Web3 entertainment investment fund aimed at introducing the intellectual property (IP) Onchain for Japanese anime and manga.
The announcement came on Tuesday at a webx conference in Tokyo. Animoca Brands was revealed in a post on X.
Animoca co-founder and chairman Yat Siu, senior advisor Keyvan Peymani, and Ibex Japan Partner Sandeep Casi outlined the project during the meeting.
According to the report, Casi said, “90% to 99% of Japan’s IPs are lying on the shelf, making them a huge value.” He added that Antler’s global reach includes 22 cities, $1.2 billion in managed assets and a network of 250,000 entrepreneurs.
sauce: Animoca brand
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Japan’s IP Push is Beyond Games
Sui said Animoca is already doing “existing in Japan through ABKK,” a Japanese subsidiary. “This partnership is to expand Japan’s IP globally,” he added, noting that the effort goes beyond the game and will also target Fintech, Healthcare and Medtech applications.
Casi and Peymani will act as co-partners in the fund, fully utilizing Japan’s IP and support the creation of new Web3 products and services. The pair will announce their initial targets in the coming months.
SIU said the timing is best, citing the revival of NFTs and the stronger digital asset markets. Data from NFT Price Floor showed that NFT’s overall market capitalization peaked at $9.3 billion on August 13, up 40% from $6.6 billion in July.
Related: SBI Group to bring Crypto Tech to the Asian financial scene
Kraken meets SEC staff to discuss tokenization
Meanwhile, in the US, Crypto Exchange Kraken held consultations with the Securities and Exchange Commission’s Crypto Task Force to discuss plans for the iconic trading system.
As reported, the memorandum filed Monday shows that SEC staff met with representatives from its securities division, Kraken’s parent company, and attorneys for Wilmerhale, focusing on regulations, legal requirements and potential benefits of tokenization.
Kraken launched a tokenized stock service on May 22nd, allowing non-US investors to exchange US stocks 24 hours a day, while Robinhood introduced a similar service on June 30th. Kraken announced this week that it has expanded its tokenized inventory products to the Tron Blockchain.
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