Established a Local Subsidiary in Singapore
No.1 Solutions Inc. (Location: Meguro-ku, Tokyo; CEO: Tetsuo Omorai; hereinafter referred to as “our Company”), a blockchain development company, announce the establishment of our first overseas subsidiary in Singapore on December 20, 2021.
Background of Establishing a Subsidiary in Singapore
Based on our Company’s vision of “Realize World Peace Through Technology”, we have been developing various technology platforms and applications using blockchain technology. Until now, our Company has been providing business support using blockchain technology in Japan, but from 2021 onward, we have been receiving an increasing number of requests from overseas, including Kazakhstan and Dubai. In order to accelerate our blockchain business, we decided to establish a local subsidiary in Singapore.
The number of blockchain-related companies is increasing in Singapore. According to the research report “”SINGAPORE BLOCKCHAIN ECOSYSTEM REPORT 2020″” by OpenNodes, which is supported by the Singapore government, the number of blockchain-related companies is increasing by 50% since 2019.
Our Company has established our Singapore subsidiary No.1 Solutions Pte. Ltd. on December 20, 2021. The Singapore subsidiary will provide tokens using blockchain technology and support the development of applications that utilize our systems.