Kakao Piccoma, the group’s Japanese digital-comics subsidiary, acquired a major stake in Sakura Exchange BitCoin (SEBC) as part of its global expansion.
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Fast facts
- Kakao Piccoma bought out SEBC Holdings’ stake for an undisclosed amount and said it will incorporate crypto assets and blockchain technology to expand “aggressively” into Web 3.0.
- Osaka-based SEBC is one of the 30 digital asset exchanges registered under Japan’s Financial Services Agency (FSA), with 11 listed cryptocurrencies.
- Kakao wants to get 30% of its revenue from overseas by 2025, and sees Japan as a key to that pivot.
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