More Japanese firms to buy crypto this year, says former Solana exec

More Japanese companies are expected to purchase cryptocurrencies this year, according to Yu Oki, the former head of the Solana Foundation's Superteam Japan. In an interview with CoinPost, Oki, who is now the new head of crypto at Japanese IT services and consulting firm Allied Architects, said the market for Japanese corporate crypto treasuries could be poised for growth. He noted that while U.S. crypto investment firms struggled late last year, Japanese companies that entered the market around the same time performed well. Oki added that Japanese companies have historically adopted and improved upon U.S. models. Last month, Allied Architects announced plans to establish a crypto fund and suggested it would build a portfolio, potentially including BTC, ETH, and SOL. The specific size of the fund has not been disclosed.