Franklin

Palette

Aptos

Optimism

<ul class="wp-block-list"> 
 <li><strong>Aptos Labs acquires HashPalette, expanding its blockchain presence in Japan.</strong></li> 
 <li><strong>Palette Chain integrates into Aptos for improved scalability and global access.</strong></li> 
</ul> 
<p>Aptos Labs, the developer behind the Layer-1 blockchain Aptos, announced on October 3 its acquisition of HashPalette, a subsidiary of HashPort and the developer of Palette Chain. The acquisition signifies a strategic partnership between Aptos Labs and HashPort, integrating Palette Chain’s <a href="https://thenewscrypto.com/state-owned-postal-service-of-indonesia-unveils-unique-nft-stamp/" target="_blank" rel="noreferrer noopener">NFT</a> distribution platform into Aptos’ ecosystem.</p> 
<p>Palette Chain, known for its focus on NFT distribution, gained recognition after its Palette Token (PLT) became Japan’s first Initial Exchange Offering (IEO) on Coincheck in 2021. The IEO raised ¥930 million, with applications exceeding ¥22.45 billion. However, with the recent downturn in the <a href="https://thenewscrypto.com/analysts-warn-of-potential-price-correction-amid-bitcoin-oi-surge/" target="_blank" rel="noreferrer noopener">cryptocurrency</a> market, PLT’s value has fallen below its initial public offering price.</p> 
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">BIG NEWS: We've agreed to acquire <a href="https://twitter.com/hashpalette_en?ref_src=twsrc%5Etfw">@hashpalette_en</a>, the pioneers behind Japan's Palette Chain! This is a game-changer for Japan &amp; the Aptos ecosystem. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30f.png" alt="🌏" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>This underscores our commitment to Japan, supercharging their booming digital economy with <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw">@Aptos</a> cutting-edge tech <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/NjAYhT7ez1">pic.twitter.com/NjAYhT7ez1</a></p>— Aptos Labs (@AptosLabs) <a href="https://twitter.com/AptosLabs/status/1841630980333044108?ref_src=twsrc%5Etfw">October 3, 2024</a>
 </blockquote> 
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<p>Moreover, HashPalette’s blockchain has also been used for innovative projects such as the EXPO2025 Digital Wallet, supporting initiatives for the Osaka-Kansai Expo in 2025. With the migration to Aptos, two of Japan’s five IEO projects will transition to Aptos’ high-performance blockchain network.</p> 
<h3 class="wp-block-heading" id="h-leaders-optimism">Leaders’ Optimism</h3> 
<p>Mo Shaikh, <a href="https://x.com/moshaikhs" target="_blank" rel="noreferrer noopener nofollow">CEO</a> of Aptos Labs, emphasized the importance of the Japanese market, stating that the integration would enhance scalability, security, and ease of access to global Web3 markets. This acquisition is also a key element of Aptos Labs’ expansion into Asia, reflecting its ambition to advance blockchain adoption in innovative digital economies.</p> 
<p>HashPort’s Chairman, Yoshihiro Yoshida, expressed optimism, highlighting that Aptos’ global infrastructure would <a href="https://x.com/hashportnetwork" target="_blank" rel="noreferrer noopener nofollow">accelerate</a> the social implementation of Web3 services. The collaboration is expected to drive mass adoption of Web3 in Japan, especially with the upcoming Expo 2025.</p> 
<p>Additionally, Aptos Labs has partnered with Franklin Templeton to integrate the Franklin OnChain US Government Money Fund on Aptos. It showcases its commitment to bridging TradFi and DeFi worlds through real-world asset tokenization.</p> 
<p><strong>Highlighted News Of The Day</strong></p> 
<p><a href="https://thenewscrypto.com/bitwise-officially-files-form-s-1-for-spot-xrp-etf-with-us-sec/">Bitwise Officially Files Form S-1 for Spot XRP ETF with US SEC</a></p>

Aptos Labs Strengthens Japan Presence with HashPalette Acquisition

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