Digital Asset Markets, Inc. — Japan crypto-asset exchange operator overview

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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.

FSA registration number Kanto Local Finance Bureau 第00024号 · JVCEA member #1029 · registration date 2021-02-17

1. Corporate entity / shareholders

• Trade name: Digital Asset Markets, Inc. (English: Digital Asset Markets, Inc.)
• Date of establishment: 2018年8月1日 (former name: InterTrade Coin Co., Ltd.)
• Head-office location: Kawakita Memorial Building 8F, 18 Ichibancho, Chiyoda-ku, Tokyo, postal code 102-0082
• Capital: 29億6,749万円 (as of 2025年12月5日)
• Fiscal year-end: end of 3
• Listing status: Unlisted. Several listed companies / major firms are named among the shareholders

Major shareholders (disclosed portion): InterTrade (TSE Standard), Mitsui & Co., Japan Exchange Group (JPX), Monex Group, Japan Investment Adviser, bitFlyer Blockchain, Keyware Solutions, NEC Capital Solutions, Daihatsu, Seven Bank, Ehime Bank, Tokyo Tanshi, Hikari Securities, Akagiya HD, Yutaka Securities, Nissan Securities, Yamawa Securities, Hirota Securities, Astmax, WOW WORLD, MIRAITRONC Investment Limited Partnership, and others

The capital participation from Mitsui & Co. (2019年8月) and Japan Exchange Group (2022年2月) is particularly notable.

2. License / registration status

• Crypto-asset exchange business: Director-General of the Kanto Local Finance Bureau 第00024号 (registration completed: 2021年2月)
• Derivatives business: Not obtained (as a JVCEA Type I member, crypto-asset exchange business only)
• Electronic payment instruments business: Not obtained
• JVCEA membership type: Type I member (member number 1029)
• Fintech Association: Corporate member
• Japan Digital Decentralized Finance Association: Full member (joined 2026年4月)
• ISMS certification: JIS Q 27001:2025 (ISO/IEC 27001:2022) obtained (2024年8月)
• Privacy Mark: Obtained (2025年7月, registration number 10670061)

3. Handled currencies

The official service information reviewed on 2026-07-29 identifies the Zipangcoin series below as brokerage assets. This entry does not retain a fixed count; the current service screen takes precedence:

• ZPG (Zipangcoin): A crypto-asset aiming to track the price of gold (GOLD) (handling started 2022年2月)
• ZPGAG (Zipangcoin Silver): Tracks the price of silver (SILVER) (handling started 2023年7月)
• ZPGPT (Zipangcoin Platinum): Tracks the price of platinum (PLATINUM) (handling started 2023年7月)

For the current availability of BTC, ETH, or other assets, the service screen takes precedence. Do not infer a fixed “three assets only” count or a market rank.

4. Scope of business

• Brokerage format: Spot trading only of ZPG / ZPGAG / ZPGPT. The exchange (order-book trading) format is not offered
• Margin trading (derivatives): None
• Crypto-asset lending / staking: no offering was identified in the official service and business information reviewed on 2026-07-29; check the current service screen
• NFT: no offering was identified in the official service and business information reviewed on 2026-07-29; check the current business information
• ST (security token) business: The company website explicitly lists “ST business” as a business domain. Being developed as a platform business supporting issuance, distribution, fundraising, and management (details non-public)
• Cybersecurity business: Separately offers data-protection services under the “Digital Shelter” brand
• Fiat-deposit channel: Bank transfer (Resona Bank / PayPay Bank / GMO Aozora Net Bank), GMO Aozora Net Bank’s “bank deposit,” PayPay Bank’s “Link settlement”
• Passkey authentication: an older “important notice” said introduction was planned for late May 2026. The official pages reviewed on 2026-07-29 did not confirm completion, so current availability must be checked on the service screen
• Digital Asset Prime Service: launched on June 23, 2026 as a large-lot digital-asset trading service for institutional investors and corporates

Crypto-assets are managed in 100% cold wallets, and cash is segregated via a money trust with Nisshokin Trust Bank.

5. Market share / trading volume

• Among the company, FSA, and JVCEA materials identified in this review as of 2026-07-29, no disclosure of trading volume or account count was identified. This does not establish that no such disclosure exists
• Customer base: in addition to DA Trade for individuals, Digital Asset Prime Service has been offered to institutional investors and corporates since June 2026
• Competitive positioning: do not assert a fixed operator count or market rank; describe the official service characteristics of precious-metal-linked crypto assets and large-lot corporate trading

6. History / major events

The table below is limited to milestones directly confirmed through the company’s official profile and news and the FSA/JVCEA registration materials.^[Sources: https://corp.digiasset.co.jp/aboutus; https://corp.digiasset.co.jp/news/20210217; https://corp.digiasset.co.jp/news/20220207; https://corp.digiasset.co.jp/; https://jvcea.or.jp/member/.]

Among the company, FSA, and JVCEA materials identified in this review as of 2026-07-29, no record of an administrative disposition, hack, or major system failure was identified. This does not establish that no such event exists.

7. Strategic developments

• Fireblocks linkage (2025年3月): Cooperated in the strategic partnership between its parent-level company InterTrade and Fireblocks. Suggests an advancement of custody technology.
• ST (security token) business: Listed as a business domain on the company website, advocating the construction of a platform for digitizing, issuing, and distributing rights to tangible assets. Specific deals / scale are non-public.
• Passkey authentication: an older notice stated a planned introduction in late May 2026. The official pages reviewed on 2026-07-29 did not confirm completion; the historical plan should not be presented as a current plan or an implemented feature.
• Expansion for institutions and corporates: Digital Asset Prime Service launched on June 23, 2026. Do not infer undisclosed partnerships or expansion plans from the shareholder list alone.

8. Related persons

• Representative Director, Kazuya Nishimoto: From Nippon Kangyo Kakumaru Securities (now Mizuho Securities). Established InterTrade in 1999年 (listed on TSE Mothers in 2004年). Established this company in 2018年. An expert in front-system development for securities firms.
• Full-time Director, Tsuguo Kato: From Mitsui & Co. (served as CEO/COO of Mitsui Bussan Commodities in the US and UK, etc.). Assumed the current post after retiring from Mitsui & Co. in 2023年12月. A commodity-trading expert.
• Outside Director, Hiroshi Morinaka: Representative Director and President of Hikari Securities (incumbent). Assumed office 2019年12月.
• Outside Director, Naoto Shiraiwa: Representative Director of Japan Investment Adviser (incumbent). Assumed office 2020年6月.
• Outside Director, Shinsuke Waka: Advisor of Mitsui & Co.’s Corporate Development Division (incumbent). Assumed office 2024年1月.
• Full-time Audit & Supervisory Board Member, Katsumi Waki: From financial institutions such as the Bank of Tokyo. Assumed office 2018年11月.
• Audit & Supervisory Board Member (part-time), Akira Yamamoto: Former Ministry of Finance / Bank of Japan executive director. Assumed office 2018年11月.

Related

• japan-financial-regulation — Japan financial regulation overall
• japan-bittrade-listing-process — general theory of the listing process (distinguished from an individual firm’s listing activity)
• japan-stablecoin-regulatory-landscape — related stablecoin regime
• jp-trust-type-sc-architecture — related SC regime
• rwa-tokenization-cex-integration — RWA tokenization × CEX integration (ZPG, etc.)
• jp-vasp-parent-company-map — JP VASP parent company map
• jp-custody-fireblocks-japan — Fireblocks Japan (linkage)

Sources

• Company Profile / History | Digital Asset Markets, Inc. (corporate site) (retrieved 2026-05-18)
• Officer Introduction | Digital Asset Markets, Inc. (corporate site) (retrieved 2026-05-18)
• Digital Asset Business | Digital Asset Markets, Inc. (corporate site) (retrieved 2026-05-18)
• Digital Asset Markets, Inc. official service site (retrieved 2026-05-18)
• JVCEA member list (retrieved 2026-05-18)
• FSA crypto-asset exchange operator registration list Excel (snapshot 令和8年4月1日 = 2026-04-01)
• Completion of crypto-asset exchange operator registration (2021-02-17)
• Start of ZPG handling (2022-02-07)