Historic Manufacturer Enters the Crypto Arena
Kitani Nippon Spinning, a 100-year-old Japanese textile company, is pivoting into the crypto space. The firm announced plans to launch its own crypto token, mine Bitcoin using renewable energy, and tokenize its recycling operations.
Strategic Web3 Move Backed by Leadership
In a board decision on May 14, 2025, Kitani committed to adopting blockchain and crypto, marking a bold shift in its century-long business model toward digital finance and decentralized infrastructure.
Crypto on the Balance Sheet
Kitani will hold Bitcoin and other cryptocurrencies as part of its treasury and report these holdings publicly for transparency.
Renewable-Powered Bitcoin Mining
Discussions with partners are underway to launch Bitcoin mining facilities powered by clean energy, aligning revenue goals with ESG values.
Utility Token for Products and Procurement
The upcoming Kitani token will serve multiple functions:
- Payments for products and services
- Rewards for recycled plastic suppliers
- Blockchain-based logistics and contracts
Tokenizing Plastic Supply Chains
Kitani will use blockchain to improve transparency and cost-efficiency in its recycled plastic operations, enabling traceability from source to production through tokenization.
Decentralized Wallet and Payments System
A proprietary Web3 wallet, KitaniPay, is in development to support internal token storage and decentralized payments, especially for global supply chain partners.
Global Trends Favor Kitani’s Shift
The company’s crypto expansion aligns with regulatory and market trends:
- U.S. approval of spot Bitcoin ETFs
- Japan’s updated stablecoin regulations
- Rising adoption of tokenized real-world assets
New Crypto Division Launching Soon
Kitani will open a Crypto Management Department in July 2025 to oversee token governance, ESG mining, and blockchain integration.
Among Japan’s Growing List of Crypto Firms
Kitani joins companies like MetaPlanet, Remixpoint, and ANAP Holdings in adopting crypto strategies for long-term growth and innovation.
Conclusion: Tradition Meets Tokenization
Kitani Nippon Spinning proves that legacy companies can reinvent themselves. Its leap into crypto—through tokenization, mining, and blockchain logistics—places it among Japan’s most progressive industrial players in Web3.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Readers should conduct their own research and consult with a professional before making any financial decisions. The views expressed do not necessarily reflect those of the publication or its affiliates.
