[Japan Market 3/5] Japan's DAT Market is Opening, and Bifrost is Getting In 1/ We've covered why Japanese companies buy Bitcoin and who's buying. Now let's look at "who's gathering them." Due to TSE's new standards, many Japanese companies are considering DAT (Digital Asset Treasury) conversion. A new market is forming to discover, onboard, and connect these companies.

2/ One of the Key Players is Double Jump Tokyo (DJT) - Bifrost's Partner • Role: Discovering and onboarding Japanese companies considering DAT conversion • Strengths: Web3 infrastructure experience + Japanese corporate network • Provides enterprise crypto asset management solutions through N.suite platform • Collaborating with Bifrost to build Bitcoin operational infrastructure

3/ What they do: 1. Provide compliant digital asset management infrastructure 2. Offer enterprise-grade custody solutions through N.suite 3. Connect Bitcoin operational infrastructure ← Where Bifrost comes in

4/ Currently, most companies are • Only hold (no active management) • No utilization plan after acquiring Bitcoin • Expecting only asset appreciation without yield generation

5/ But the problem is, Bitcoin doesn't generate yield on its own Bifrost collaborates with DJT to provide infrastructure for these DAT companies to operate their Bitcoin holdings through BTCFi. We'll analyze the current status and limitations of JPYC, Japan's leading stablecoin in the next post.