Marblex, the blockchain unit of South Korea’s Netmarble Corp. game developer, took a huge step to increase its presence in the Japanese Web 3.0 market. It has listed the company on Japan’s cryptocurrency exchange called Zaif.

According to The Korea Economic Daily, Marblex made this move as part of its aggressive plan of infiltrating the region’s third generation of the World Wide Web market using its cryptocurrency, which integrates blockchain technology.

Marblex Gained Approval From FSA

To enter the Japanese Web 3.0 sector, Marblex invested in Yield Guild Games (YGG Japan), a blockchain game community, earlier this year. In June, it also introduced some digital wallet services in cooperation with YGG Japan.

Marblex did not take a break and continued to establish itself in the region, and just a month later, in July, it finally received an exchange listing approval from the country’s Financial Services Agency. The firm is listing itself for its cryptocurrency called "MBX." The permit is considered a milestone as this is the first time that Japan has granted approval for a South Korean cryptocurrency used in blockchain games.

The Official Listing on Japan’s Zaif

Business Post reported that MBX is now officially listed on the Zaif Japanese virtual currency exchange. Netmarble, Marblex’s parent company, also confirmed this on Thursday, Oct. 12, just a day after the listing.

Mabrex CEO Jeong Yong said, “Currently, the Japanese government has chosen Web 3.0 as a new growth engine and has begun supporting it, and leading companies are starting their businesses in earnest to keep pace with this,” Mabrex’s chief executive officer, Jeong Yong, said in a press release. “The Japanese market is expected to enter a significant growth stage in the crypto market in the future and as we move forward, we want to establish ourselves as a leading project.”

Photo by: Marblex Press Release