CyberStep Launches Crypto Division with 200 Million Yen Investment

CyberStep, a prominent Japanese gaming company known for its online claw machine game, Toreba, has announced the launch of a new crypto division, CRYPTECH Capital, with an initial investment of 200 million yen, aiming to increase this to 1 billion yen by 2026. This strategic move is part of CyberStep's broader shift towards Web3, leveraging blockchain technology to create a self-sustaining token ecosystem. The company plans to acquire major cryptocurrencies such as Bitcoin and Ethereum, which will be recorded as company assets on its balance sheet. Additionally, CyberStep will focus on developing and marketing in-game tokens for its Web3 gaming services, indicating a transition towards decentralized digital communities.

CRYPTECH Capital will aim to generate revenue through a self-circulating token economy. Instead of selling commercial shares or bidding stocks, the division will develop tokens for use in CyberStep’s gaming companies. These tokens, including the Eggle Energy token ($ENG) introduced in April 2024, are part of broader initiatives such as the blockchain game Eggle and future NFT collections. The company also plans to invest in lucrative meme coins and other Web3 gaming tokens to diversify its crypto holdings and integrate blockchain technology into its gaming ecosystem. A CyberStep spokesperson stated, “We have it in mind to create a new source of revenue by developing an innovative token-based system.”

This strategic approach by CyberStep aligns with the increasing popularity of digital assets in Japan. The Financial Services Agency (FSA) has recently proposed changing the status of cryptocurrencies to the same level as financial products, which could reduce tax rates to 20% flat. This regulatory shift may enhance institutional and retail exposure in the Japanese crypto market, supporting CyberStep’s aspirations. The company plans to build its crypto reserve with an initial investment in Bitcoin and Ethereum, with the goal of increasing it based on its expertise and development progress. The 1 billion yen target is flexible, allowing the company to navigate the volatile crypto space while balancing risk and opportunity.

CyberStep's entry into the crypto space is part of a broader trend where Japanese firms are adopting digital assets. For instance, Metaplanet recently added 7,800 BTC to its inventory, becoming a significant corporate holder. This move by CyberStep reflects the growing trend of blockchain adoption in Japan’s business sector, positioning the company as a leader in integrating blockchain technology with gaming. By embracing digital assets, CyberStep aims to create more immersive and secure gaming experiences, attracting a new segment of tech-savvy gamers interested in the intersection of gaming and digital assets. This strategic shift is expected to open new revenue streams and enhance user engagement through innovative crypto-based features.