AC Milan tokens among digital assets set to expand into Japan

Sports blockchain company Chiliz and Hong Kong's OSL tap nascent market

20250317N cryptocurrency

Japan has been building up a legal foundation for cryptocurrencies and other digital assets. © Reuters

TAKANOBU AIMATSU

TOKYO -- Japan is drawing the attention of foreign cryptocurrency asset companies -- including a provider of digital tokens for sports teams like famed Italian soccer club AC Milan -- that see room for growth in a market that remains relatively underdeveloped.

Hong Kong-based OSL Group acquired Japanese crypto asset exchange CoinBest last November, aiming to market to institutional investors and wealthy individuals. It has since changed the unit's name to OSL Japan.

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