National Agency for Perspective Projects (NAPP) issued a license to JAPAN DXT, permitting the company to operate as a crypto depository, the Agency said in a statement.
JAPAN DXT has now become the third licensed crypto depository in the country, after South Korean company Lockton Hub's in June 2023 and Paynet Crypto, a subsidiary of Uzpaynet, in November of the same year.
A crypto depository is a legal entity providing an electronic platform and technical infrastructure for issuing and safeguarding crypto-assets, including the facilitation of initial coin offerings (ICOs).
In spring 2022, Japan DXT unveiled plans to launch a crypto exchange in Uzbekistan, with initial founders including Japanese Japan DX, Nippon Investment Operating Corp., and Number One Solutions., vowing to invest over $15 mln in the venture.
In addition, a consortium of investors formed Japan GXT to spearhead projects in agriculture and water conservation. However, the entity is now listed as liquidated in the register.
