It appears that BitGo is ready to expand operations in the Japanese market. According to a post on the social media site Linkedin, the crypto custodian is looking for a new sales director to join their sales team in Tokyo.
The digital asset trust and security company explained in their release that they are looking to expand their presence within the country. BitGo appears to be growing their Japanese team, as the new director would be responsible for the company’s “digital wallet and offline vault solutions across your agreed territory.”
Among the responsibilites of the new director of sales is to grow BitGo’s client base and to help the company to gain a substantial share of the cryptocurrency market. According to the job posting, the new director will “build fundamental account plans, operational strategy and drive activity in potential clients.”
The move to expand into Japan appears to be a wise one. Japanese clients have been some of the hungriest to find an exchange that is using blockchain technology to help improve the security of transactions related to crypto assets, and it appears that BitGo could be the perfect service provider.
Now, the company just waits on approval from Japanese regulators for final approval to act as an exchange service within the country. There is a lot of competition within Japan, and this is why BitGo has taken the step to hire a director of sales to help them improve their chances of succeeding within the Japanese market.
This looks to be another step in the expansion of BitGo, who hired Wall Street trader Nick Carmi to head their financial services department in May. Carmi’s hiring was clearly intended to create a stronger connection between the traditional financial sphere and BitGo’s technologically innovative digital assets department.
This has not been BitGo’s only move recently. In May, the company announced that they had created a new off-chain solution for clients. This allowed the company to be able to act as a clearing and settlement service designed for its institutional clients, with the transactions managed off-chain.
This new system would allow the assets to remain in cold storage, which would greatly improve the security. Once the settlements were completed, the assets would then made available on-chain.
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