On September 25, 2025, a Report titled “Analysis on the Tokenization of J-Credits” (“Report”), prepared primarily by our firm, was published on the websites of the J-Credit Scheme and the Ministry of Economy, Trade and Industry. The Report examines various legal issues related to the “tokenization of J-Credits,” which involves rights relating to J-Credits represented electronically on a blockchain, using J-Credits as the underlying asset. The structure and an overview of the Report are as follows. The Report introduces the following risks that may arise when J-Credits are tokenized, taking into account the current J-Credit System and the characteristics of tokens. Since token holders are not considered to own the J-Credits themselves, but rather to hold claims against the J-Credit holder (registered owner)...To read the full article, please see the PDF file
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Finance Law & Web3 / Metaverse Newsletter
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Yusuke has a wealth of experience in the areas of capital raising by corporations, the formation of investment funds, and investments in investment funds, in transactions of all sizes, both domestically and internationally. In the field of capital raising, he has an extensive and excellent track record in the issuance of shares by financially distressed listed companies. In regard to fund formation and fund investment, he is constantly involved in numerous transactions, and advises not only on the legal aspects of those transactions, but also on market standards. He also provides advice on a wide range of financial regulations, including those in new fields such as fintech. His advice includes providing guidance on registering or filing notifications required for conducting finance-related business, analyzing new finance-related businesses, and establishing/reviewing the internal compliance rules/systems of his clients. Recently, he has become more involved in blockchain- and token-related matters, including not only those in the finance sector, such as fundraising by issuing crypto assets, listing crypto assets on domestic and foreign exchanges, and other crypto asset-related transactions, but also those in areas outside the finance sector.