Omakase and BITPOINT Reach a Basic Agreement on Bitcoin Staking
Omakase Co., Ltd. (Headquarters: Nishi-ku, Osaka City, President: Eisuke Watanabe, hereinafter “Omakase”) has reached a basic agreement with BITPOINT, a cryptocurrency exchange of the SBI Group (Operated by Bitpoint Japan Co., Ltd., Headquarters: Minato-ku, Tokyo, CEO: Takuya Tashiro, hereinafter “BITPOINT”), regarding their staking business.
In 2024, Bitcoin and Ethereum spot ETFs were approved in the United States, accelerating the influx of funds into the cryptocurrency market. In particular, the Bitcoin ETF has already reached an assets under management (AUM) comparable to that of gold ETFs*1, and future market expansion is expected.
Additionally, in November 2024, Bitwise, a US ETF provider, announced its decision to start staking services through M&A*2. As a result of these developments, interest in staking as an income-generating method for cryptocurrencies is anticipated to increase.
Furthermore, by leveraging Babylon, native Bitcoin staking will become possible, and the staking market size is expected to expand from approximately ¥93 trillion to about ¥392 trillion*3.
In response to these market changes, Omakase and BITPOINT will collaborate to create an environment where Bitcoin holders can effectively utilize their assets. They will promote efforts to realize Bitcoin staking using Babylon. Babylon utilizes Bitcoin, the largest Proof of Work (PoW) blockchain, to implement “Shared Security,” which strengthens the security of Proof of Stake (PoS) blockchains. Bitcoin stakers will provide security to PoS blockchains and receive rewards in return. This will allow Bitcoin holders to earn rewards without having to sell their assets, providing them with a new opportunity to leverage their held BTC.
Since March 2024, Omakase has partnered with Babylon to promote the spread of Bitcoin staking in Japan through educational activities and participation in the validation of blockchain in the development phase, accumulating and sharing knowledge. In Phase-1, the test phase, approximately ¥6 billion worth of Bitcoin has been staked with Omakase, making it number one in Japan*4.
Meanwhile, BITPOINT has expanded its cryptocurrency asset management services, including staking, providing users with various options. In particular, its staking service has achieved the highest annual rate*5 in Japan and is already used by many users. Furthermore, BITPOINT will continue to carefully consider and trial new investment options, and has participated in Babylon Phase-1 using its own funds.
Omakase and BITPOINT will jointly design and develop staking products, with the aim of launching them in Phase-2, the official launch of Babylon. Through this initiative, they will propose new ways to utilize Bitcoin and strive to ensure that more users can benefit from staking.
*1: Coindesk, “Bitcoin ETF Set to Surpass Gold ETFs in Assets Under Management“
*2: Bitwise, “Bitwise Acquires $4 Billion Institutional-Grade Ethereum Staking Provider Attestant“
*3: Coingecko, As of February 6, 2025. Global market size: PoS tokens approximately ¥93 trillion, Bitcoin approximately ¥299 trillion
*4: Ranked 10th globally (excluding LST)
*5: Comparison of public data from domestic cryptocurrency exchange operators, as of March 11, 2025, BITPOINT survey
About Omakase Co., Ltd.
Omakase Co., Ltd. was established in January 2024 as a subsidiary of the engineering division of Kudasai Co., Ltd. The company primarily provides validator operation, development, and maintenance services for domestic and international projects, as well as consulting on related technologies. As of April 2024, Omakase is operating validators with delegated cryptocurrency assets exceeding ¥20 billion.
Company Overview
Name: Omakase Co., Ltd.
Location: 2F, 1-2-21 Tatsuichibori, Nishi-ku, Osaka City
CEO: Eisuke Watanabe
Founded: January 26, 2024
Business: Technical support for blockchain validator operations, etc.
Website: https://0xmakase.co.jp/
X: https://twitter.com/0xmakase_jp
Contact: contact@0xmakase.co.jp
About BITPOINT
BITPOINT is a leading cryptocurrency exchange in Japan, operated by Bitpoint Japan Co., Ltd., a member of the SBI Group, and registered with the Financial Services Agency (FSA).
With robust security and management systems, BITPOINT offers an easy-to-use service that allows even beginners to trade cryptocurrencies with confidence.
In addition, BITPOINT offers attractive services such as a staking service with the highest annual rate in Japan*6, free of transaction fees. This staking service is particularly appealing as it does not charge any management fees and allows users to receive rewards.
Furthermore, in February 2025, BITPOINT launched Japan’s first*7 service allowing users to receive staking rewards in Japanese yen, solidifying its position as a leading company in the staking service market.
*6: BITPOINT survey, March 2025
*7: BITPOINT survey, as of February 13, 2025, for domestic cryptocurrency exchange operators
BITPOINT
https://www.bitpoint.co.jp
BITPOINT Official X (formerly Twitter)
https://twitter.com/BITPointJP
“Staking” is a mechanism where you lock your held cryptocurrency on a network and receive rewards as compensation for contributing to the network’s security and transaction validation processes.