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Netmarble’s MARBLEX Secures Whitelist Approval for MBX Token in Japan

Policy & Regulation·July 26, 2023, 3:22 AM

South Korean gaming company Netmarble made an announcement today that its blockchain subsidiary, MARBLEX, has obtained whitelist approval for its governance token MBX in Japan. This marks a significant milestone for the project, opening up new opportunities for MBX’s utilization within the Japanese market.

Photo by Eliobed Suarez on Unsplash

 

Crypto listing in Japan

In Japan, crypto assets must undergo a rigorous review conducted by the Japanese Financial Services Agency (FSA) before being listed on crypto exchanges. Boasting its stability and reliability, MBX has become the first token from a Korean blockchain gaming project to be added to the Japanese whitelist of crypto assets.

As part of its expansion plan, MARBLEX is in discussions with Zaif to arrange the listing of the MBX token on the Japanese crypto exchange in October.

 

Utility expansion plan

Moon Jun-ki, Business Division Director of MARBLEX, expressed confidence in MBX’s competitiveness as a verified token. He highlighted MARBLEX’s strategy to introduce a token burn policy and expand the token’s utility, all aimed at establishing a sustainable and transparent ecosystem.

These comments from Moon point to MARBLEX’s overhaul plan for MBX tokenomics. As a key step in this initiative, the blockchain firm burned 67% of its total 1 billion MBX distribution on July 19.

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Web3 & Enterprise·

Aug 22, 2023

Blockchain Experts from Ethereum, Solana, and More to Visit Seoul for Upbit D Conference

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Web3 & Enterprise·

Jun 27, 2023

Wemade Expands Blockchain Game Platform with Lithuanian and Japanese Developers

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