Tech Bureau, Corp., a Japan-based blockchain and cryptocurrency solutions company, has announced its decision to spin-off its software sales business.

Founded in 2014, Tech Bureau has developed mijin, a private blockchain software, and Zaif, a cryptocurrency exchange platform. It has also launched “COMSA” – a one-stop solution which supports corporate fundraising through ICOs and the asset tokenizations. The spin-off essentially means that the company is separating its cryptocurrency exchange Zaif from its software businesses.

With this, the company has announced the establishment of its successor, Tech Bureau Holdings, Corp.

“By establishing the new company, Tech Bureau Holdings, Corp., it shall enable Tech Bureau, Corp. to focus on its efforts more closely on the Zaif, Bitcoin and cryptocurrency exchange, which shall become a great opportunity to gain its corporate value by arranging to further improve the convenience of that business so that customers may continue to select it as their exchange of choice,” the company said.

Due to the spinoffs, Tech Bureau Corp. will now concentrate on Zaif and domestic ICO solutions businesses, while Tech Bureau Holdings, Corp. will focus on mijin, software development and sales business (COMSA CORE/COMSA HUB etc.). The companies international subsidiaries – Tech Bureau Europe and Tech Bureau North America – will also come under Tech Bureau Holdings, Corp.