Osaka offers up to 10M yen for blockchain finance projects

The Japanese city of Osaka has launched a public call for projects, offering grants of up to 10 million yen (about $62,500) for each demonstration of new financial services using technologies like blockchain and AI, local media outlet CoinPost reported. The support is targeted at experiments conducted within Osaka Prefecture that serve its residents or local businesses. Applicants must also have a concrete plan to launch the business in Osaka after the trial period, although wider rollouts to other prefectures are permitted. Eligible applicants include fintech businesses and financial institutions participating in a demonstration with a fintech partner.