Zaif Inc. — Japan crypto-asset exchange operator overview
ConfidenceLikelyUpdated2026-07-29Review by2027-01-29Sources8Machine-translatedOriginal (JA)
On this page
- 1. Corporate entity / shareholders
- 2. Licenses / registration status
- 3. Listed currencies
- 4. Scope of business
- 5. Market share / trading volume
- 6. History / major events
- Predecessor entity: TechBureau Corp. (corporate number 1120001184556)
- The current Zaif Inc. entity: Fisco Coin, Inc. → present (corporate number 1120101054642)
- 7. Strategic developments
- 8. Related persons
- Related
- Sources
Wiki route
This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system for adjacent context and Japan financial regulation for tokens, crypto-assets, and payments for the broader system boundary.
FSA registration number Director-General of the Kinki Local Finance Bureau 第00001号 · JVCEA member #1014 · registration date 2017-09-29
1. Corporate entity / shareholders
- Trade name: Zaif Inc. (株式会社Ｚａｉｆ)
- Corporate number: 1120101054642
- Established: 2016年 (平成28年), 4/12 (initially Fisco Coin, Inc.)
- Capital: 52,945,000円 (as of 令和7年10月8日)
- Registered head office: 2-chome 18-15号, Aragi-cho, Kishiwada-shi, Osaka (FSA registered address)
- Office (actual operating headquarters): 5-11-9 Minami-Aoyama, Minato-ku, Tokyo
- Parent company: JN Group, Inc. (TSE Standard / securities code 6634, formerly Nexus Group → JN Group)
- Intermediate holding company: ZED Holdings, Inc. (Sakai-shi, Osaka) — a consolidated subsidiary of JN Group. The direct parent of Zaif
- Unlisted (Zaif Inc. standalone); the parent JN Group is listed on TSE Standard
2. Licenses / registration status
- Crypto-asset exchange business: Director-General of the Kinki Local Finance Bureau 第00001号 (registration date 2017-09-29)
- The fact that the registering bureau is the Kinki Local Finance Bureau reflects its Kansai head-office roots. VASPs with a registering bureau other than Kanto are rare
- JVCEA member: Type I (crypto-asset exchange business only), member number 1014
- Member association: Japan Virtual and Crypto assets Exchange Association (JVCEA)
3. Listed currencies
As of 2026年5月, handles the following 24 listings (published on the official support page):
BTC, ETH, SNPT, SKEB, ZPG, ZPGAG, ZPGPT, BORA, XYM, XEM, FSCC, CICC, NCXC, KAIA(KLAY), POL(MATIC), TRX, COT, BCH, MONA, ZAIF, CMS:XEM, CMS:ETH, XCP, JOC
- Distinctive features: rich in listings originating from domestic communities, such as MONA (MonaCoin), XEM (NEM), and the ZAIF token. Tokens issued by former-owner groups, such as FSCC (Fisco Coin) and SKEB, also remain. It also handles GameFi / blockchain-game-linked listings such as ZPG (ZeplinGo) and SNPT (SNPIT)
- In addition, it delisted the three listings MV, ROND, and DEP in February 2026. The JPY conversion / return work for those listings was completed in April 2026.
4. Scope of business
The following is a snapshot of major categories confirmed on Zaif’s official service site. Because availability and supported assets change, the official interface and contractual documents at the time of use take precedence. ^[Sources: https://zaif.jp/; https://corp.zaif.jp/outline/.]
| Service | Provision status |
|---|---|
| Spot trading (order-book trading / Orderbook) | Available |
| Easy buy/sell (sales outlet) | Available |
| Accumulation (Coin Reserve) | Available |
| Automated trading (Ranking Trade / Easy Trade) | Available |
| Margin trading | Available |
| Staking | Available |
| Corporate service (Zaif Prime Desk) | Available |
- Fiat-currency deposit channel: bank transfer, convenience-store deposit, Pay-easy, credit card (per the company’s maintenance information)
5. Market share / trading volume
- Zaif’s company and service materials reviewed on 2026-07-29 do not include account-count or trading-volume figures prepared on a comparable basis. This entry does not infer market rank, the number of competitors, or future profit and loss.
6. History / major events
Predecessor entity: TechBureau Corp. (corporate number 1120001184556)
The following is based on the FSA’s published administrative action and registration list and the National Tax Agency corporate-number record. The outflow is stated as approximately ¥6.7 billion in line with the FSA publication, and the current Zaif entity is kept legally distinct from predecessor TechBureau. ^[Sources: https://www.fsa.go.jp/news/30/virtual_currency/20180925.html; https://www.fsa.go.jp/menkyo/menkyoj/kasoutuka.xlsx; https://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=1120001184556.]
| Period | Event |
|---|---|
| Around 2014年 | TechBureau Corp. (Nishi-ku, Osaka-shi, Osaka) established. The representative was Takao Asayama. Operated the Zaif exchange |
| 2017-09-29 | Crypto-asset exchange business registration (Director-General of the Kinki Local Finance Bureau 第00001号) |
| 2018-09-14 | Crypto-assets worth approximately 6.7bn yen flowed out of the hot wallet (BTC, BCH, MONA, etc.; approximately 4.5bn yen were customer assets). As a major domestic VASP incident, see Japan VASP incident history and Coincheck NEM hack detailed analysis. |
| 2018-09-25 | The FSA issued a business-improvement order to TechBureau Corp. (the order was issued by the Kinki Local Finance Bureau; published on the FSA website) |
| Around 2018-11 | Transferred the Zaif exchange business to Fisco Cryptocurrency Exchange (now Zaif Inc.). TechBureau continued to exist thereafter as a separate entity (absorbed and merged subsidiary 2社 at 2021年9月, continuing under the same number to this day) |
The current Zaif Inc. entity: Fisco Coin, Inc. → present (corporate number 1120101054642)
The following is based on Zaif’s company profile, the National Tax Agency corporate-number record, and JN Group’s February 2025 disclosure. It does not treat an external M&A database alone as proof of a “complete acquisition in July 2025.” ^[Sources: https://corp.zaif.jp/outline/; https://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=1120101054642; https://www.jngroup.jp/wp-content/uploads/2025/02/kaiji_20250208.pdf.]
| Period | Event |
|---|---|
| 2016-04-12 | Fisco Coin, Inc. established (Fisco lineage) |
| Around 2018-11 | Acquired the Zaif exchange business from TechBureau. Continued operating as “Fisco Cryptocurrency Exchange” |
| 2020-11-02 | Trade-name change: Fisco Cryptocurrency Exchange, Inc. |
| 2021-11-02 | Trade-name change: Zaif Inc. (株式会社Ｚａｉｆ) |
| 2025-02 | JN Group disclosed that ZED Holdings and Zaif had become consolidated subsidiaries |
Note: TechBureau and the current Zaif Inc. are different entities (their corporate numbers differ). The Zaif brand / business was inherited via a business transfer, but there is no continuity of corporate personality. The registration number (Kinki Local Finance Bureau 第00001号) was succeeded on the occasion of the business transfer.
7. Strategic developments
- Major developments in 2025-2026 年:
- In February 2025, JN Group disclosed that ZED Holdings and Zaif had become consolidated subsidiaries
- A collaboration campaign with SNPIT (a Snap-to-Earn game) (2026年 4–5), and listing of a GameFi listing (SNPT)
- Deployed the Zaif Card, a card with crypto-asset cashback. Added ETH / XYM rebate support in May 2026.
- Fisco, Inc. announced the termination of value-up measures / cancellation of the burn for FSCC (Fisco Coin) (2026年5月15日)
8. Related persons
- Representative Director and President: Naoki Ishihara (concurrently serves as Representative Director and President of both Zaif Inc. and JN Group)
- Directors: Yosuke Saito, Tomonori Ouchi, Koji Yasuhara (Zaif Inc.); Saito also concurrently serves as a director of JN Group
- Auditor: Hiroshi Sasaki (Zaif Inc.); also concurrently serves as an outside auditor of JN Group
- Chairman of the Board of JN Group: Tsukasa Akiyama
- Founder circumstances: the founder of the current entity (formerly Fisco Coin) is a Fisco-related person. Takao Asayama, the founder of the former Zaif exchange, was the representative of TechBureau (a separate entity), and there is no direct personnel continuity with the current Zaif Inc.
Related
- japan-financial-regulation — overall Japan financial regulation
- japan-bittrade-listing-process — general theory of the listing process
- japan-stablecoin-regulatory-landscape — related stablecoin regime
- jp-trust-type-sc-architecture — related SC regime
- jp-vasp-incident-history — JP VASP incident history (including the Zaif hack)
- jp-vasp-ma-consolidation-history — JP VASP M&A consolidation history
- jp-vasp-parent-company-map — JP VASP parent-company map
Sources
- 株式会社Zaif 会社概要（取得 2026-05-18）
- Zaif official service site (accessed 2026-05-18)
- Zaif supported crypto-assets overview (accessed 2026-05-18)
- JVCEA 会員一覧（取得 2026-05-18）
- FSA 暗号資産交換業者登録一覧 Excel（snapshot 令和8年4月1日 = 2026-04-01）
- FSA administrative action against Tech Bureau Corp. (2018-09-25) (accessed 2026-05-18)
- 国税庁法人番号 株式会社Ｚａｉｆ（1120101054642）（取得 2026-05-18）
- National Tax Agency corporate-number record for Tech Bureau Corp. (1120001184556) (accessed 2026-05-18)
- JN Group corporate overview (accessed 2026-05-18)
Discovery
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