[btokyo club January roundtable]Stocks? Or is it a token? This is how IEO for fundraising will change in 2024 – Thinking about the challenges faced by IEO and financial strategies of Web3 companies – | CoinDesk JAPAN

“btokyo club” is a limited paid community service centered on business leaders of major companies researching Web3, developed by N.Avenue, which operates CoinDesk JAPAN, since July 2023.

Centered on once-a-month offline “roundtables (study sessions)” inviting guest lecturers from Japan and abroad, “Basic video courses” that can be used for in-house human resource development, networking events, etc. The aim is to promote mutual communication between people online and offline, and to help accelerate Web3 in Japan.

The theme of the first roundtable of 2024 to be held on January 25th is “IEO”. So far, four IEOs have been conducted in Japan, with the total amount raised exceeding 4.4 billion yen.

“btokyo club” is a closed venue where deep discussions take place every time in an intense time and space. If you are interested in participating, please contact us using the form below.

Stocks? Or is it a token? This is how the financing “IEO” will change in 2024 – Thinking about the issues faced by IEO and the financial strategy of Web3 companies –

■Date and time: January 25th (Thursday) 16:00-19:30 (Reception starts at 15:30)
■Summary
An “IEO (Initial Exchange Offering)” is a project on the blockchain that raises funds by issuing its own tokens (crypto assets) and selling them through a crypto asset exchange. So far, four IEOs have been conducted in Japan, with the total amount raised exceeding 4.4 billion yen.

Japan has been leading the world in institutionalizing IEO, which has the potential to further accelerate the development of the token economy and Web3 industry created by digital assets. However, there are still issues that need to be resolved in order to expand the IEO market. After 2023, which has been called the “crypto asset winter era,” will Japan’s IEO market become attractive to investors?

On the other hand, in the IPO (initial public offering) market, which raises funds by listing new stocks, Japan has become the most attractive market in Asia in 2023, attracting foreign investors. As of the first half of 2023, newly listed stocks have risen an average of 75% since going public, Bloomberg reports.

Additionally, some Web3 projects (issuers) are starting to attempt to raise additional funds through IPOs after raising funds through IEOs. To run a Web3 company that issues two asset classes: tokens and stocks, it is necessary to draw up a management strategy to further increase the value of the project and continue to attract shareholders without compromising the value of the tokens listed in the IEO. We need the next generation of managers who can do this.

At “btokyo club” in January 2024, we will discuss urgent issues in the IEO system and ways to make Japan’s IEO market attractive, and will welcome four experts who are familiar with IEO and IPO. Think about the financial and management strategies of Web3 companies, which are expected to increase in number.

■Main Session speaker

Mr. Yoshihiro Yoshida | Representative Director and CEO of HashPort Co., Ltd.

Founded HashPort Co., Ltd. in 2018. Provides consulting and system development in the blockchain area to many major companies. Founded HashPalette Co., Ltd. in 2020 as a subsidiary in the NFT field. The company has successfully completed the first IEO (financing with crypto assets approved by the authorities) in Japan, and operates an ecosystem including Layer 1 blockchain, NFT marketplace, and NFT game studio. .

Prior to founding HashPort, he worked on projects in Japan and China at BCG Digital Ventures, the digital business development division of the Boston Consulting Group, as the youngest Venture Architect (investment and business development officer) in the Tokyo office.

He is a director of the Japan Crypto Asset Business Association, a joint researcher at the Graduate School of Engineering, the University of Tokyo, and a joint research member of the Keio University Global Research Institute’s Crypto Asset Research Project.

Tetsuya Sanada | Representative Director, President and CEO of BLOCKSMITH&Co., Chairman and Founder of KLab, Inc.

A serial entrepreneur who started five businesses while attending Kwansei Gakuin University. In 1998, he co-founded Cyberard Co., Ltd. and listed it on the JASDAQ market in the shortest time in history. Established KLab in 2000, listed on the Mothers market in 2011 and on the First Section of the Tokyo Stock Exchange in 2012. 2022 Established BLOCKSMITH & Co., Ltd. for Web3 related business. We are currently taking on the challenge of creating a new and unique GameFi model by leveraging our many years of know-how.

Mr. Tomoji Sato | Executive Officer, Co-Head of Private Corporate Finance, SMBC Nikko Securities Co., Ltd.

Joined Nikko Securities (currently SMBC Nikko Securities) in 1990 and began his career in the IPO department. In 1999, he transferred to Nikko Salomon Smith Barney Securities. In 2009, he joined Nikko Cordial Securities and engaged in investment banking. In 2018, he returned to his old company’s IPO department. Executive Officer / Head of Corporate Public Relations Headquarters in 2021, current position from 2023. He is always involved in projects at the forefront and is obsessed with winning. He has been boxing since his student days and spends his weekends working out by coaching students from his alma mater.

Shuhei Sawamura | Coincheck Co., Ltd. Executive Officer, Head of Crypto Asset Business Headquarters

After graduating from university, he joined Coincheck in 2020 as a new graduate. He is involved in a wide range of tasks in the marketing department, including data analysis, company position management, web advertising operations, acquiring new users, handling new currencies, and improving exchange services. From January 2023, he will be the Product Manager of our Crypto Asset Business Headquarters. In September 2023, he was appointed as Executive Officer and Head of Crypto Asset Business Headquarters.

The moderator will be Yuki Kamimoto, CEO of N.Avenue/CoinDesk Japan.

｜Text: btokyo members
｜Editing: coindesk JAPAN Editorial Department