Historic Textile Firm Adopts Web3
Kitani Nippon Spinning, a Japanese company with over 100 years of history, is embracing crypto. It plans to launch a utility token, mine Bitcoin, and use blockchain to manage recycled plastic.
New Direction Backed by Strategy
On May 14, 2025, Kitani announced a full pivot into digital assets. This is more than a side project—it’s a long-term transformation aligning with the global shift toward decentralization.
Crypto Assets on the Books
The company will hold Bitcoin and other digital currencies on its balance sheet, with regular public disclosures.
Clean Energy Bitcoin Mining
Kitani is working with partners to launch mining sites powered by renewable energy, reducing carbon impact while generating revenue.
Kitani Token for Real-World Use
The upcoming token will support:
- Customer payments
- Supplier incentives for recycled materials
- Smart contracts in logistics
Tokenizing the Recycling Chain
Using blockchain, Kitani will track recycled plastic from origin to product. This boosts transparency and lowers supply chain costs.
KitaniPay Wallet Under Development
The firm is creating a Web3 wallet for crypto payments and cross-border transactions, especially for supply chain partners.
Regulatory Momentum Helps
Kitani’s move is supported by global changes like:
- Spot Bitcoin ETF approvals in the U.S.
- Japan’s stablecoin-friendly regulations
- Rising acceptance of tokenized assets
Crypto Division Coming Soon
A new department launching in July 2025 will manage token development, ESG-aligned mining, and blockchain rollout.
Part of Japan’s Crypto Movement
Kitani joins other Japanese companies like MetaPlanet and Remixpoint that are integrating crypto into core business functions.
Conclusion: From Threads to Tokens
Kitani Nippon Spinning is blending tradition with technology. By diving into crypto and Web3, it shows that legacy firms can innovate—and lead.
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.
