Aptos Labs正协议收购HashPalette，进军日本区块链市场

Abstract generation in progress

On October 3rd, Aptos Labs announced its strategic expansion into the Japanese market through the acquisition of HashPalette, a Palette chain developer.

HashPalette is a subsidiary of HashPort Inc. and the developer of Palette Block chain. According to protocol, HashPort will migrate the Palette chain and the applications of HashPalette (including the EXPO2025 digital Wallet for the 2025 Osaka Kansai World Expo) to the Aptos network. This acquisition is an important part of Aptos Labs' expansion of its influence in the Asian market, and it will also introduce the high-performance Aptos Block chain to one of the most innovative digital economies in the world. The transaction still needs to meet the customary Delivery conditions and approvals. On October 3,

Why choose Japan?

Aptos Labs acquisition HashPalette protocol is a strategic move to enter the Japanese Block chain market. HashPalette has established strong partnerships with major Japanese companies including KDDI, making this acquisition a gateway to some of the most influential enterprises in Japan. By leveraging these relationships, as well as the powerful technology of the Aptos network, Aptos Labs will drive the popularization of Web3 in the entertainment, gaming, and digital asset fields in Japan.

This protocol also demonstrates Aptos Labs' commitment to the Japanese market, helping to provide scalable, secure, and user-friendly blockchain technology to meet Japan's unique needs. Aptos is one of the fastest rising Layer1s, with a TVL of over $550 million, proving its technology's growing popularity worldwide.

"Japan is a key market for Aptos Labs," said Mo Shaikh, founder and CEO of Aptos Labs. "The acquisition of HashPalette's protocol and the migration of the Palette chain of HashPort to the Aptos network are crucial first steps in empowering Japanese enterprises and developers with cutting-edge blockchain technology."

Expo 2025 Kansai, Osaka

Aptos will serve as the exclusive blockchain supplier of the EXPO2025 digital Wallet for the 2025 Osaka Kansai World Expo. As the world's largest and most prestigious international exposition, the 2025 Osaka Kansai World Expo is expected to attract over 28 million visitors from April to October 2025.

Through this collaboration, Expo participants will be able to experience Non-fungible Tokens, digital assets, and Decentralization applications through the EXPO2025 digital Wallet supported by Aptos. Use cases may include exhibition hall reservations, ticketing, and user participation in activities such as loyalty programs and digital collectibles. This partnership will showcase Aptos Labs' ability to provide secure, scalable, and user-friendly blockchain solutions on a global scale.

Commitment to Japanese companies and ecosystem

In addition to this protocol, Aptos Labs will also establish a strategic partnership with HashPort, a leading blockchain consulting and solution company in Japan. Through this collaboration, HashPort will continue to use the infrastructure of the Aptos network to build blockchain solutions for its enterprise clients, further promoting the popularization of Web3 in Japan.

Aptos Labs will support local developers, Non-fungible Token creators, and businesses to cultivate a strong and organic Web3 community in Japan. The company also plans to collaborate with Japanese universities, research institutions, and blockchain startups to create a vibrant ecosystem for Web3 innovators.

Palette Chain Migration

HashPalette has developed one of Japan's most famous blockchain ecosystems, focusing primarily on the entertainment, gaming, anime, and digital asset fields. By migrating the Palette chain to the Aptos network, users and developers will be able to benefit from improved scalability, security, and development tools, driving a new wave of Web3 innovation in Japan.

PLT Token holders are expected to be able to exchange their PLT Tokens for Aptos' native Token APT starting from the end of November. Token holders can exchange through participating Japanese encryption asset trading service providers, and relevant discussions are currently underway. To ensure a smooth transition, APT Tokens are expected to have a one-year lock-up period during which they cannot be sold or transferred. More details on the Token exchange process and integration plan will be announced closer to the exchange date, with the acquisition being a prerequisite for a successful exchange.

About Aptos Labs

Aptos Labs was co-founded by Mo Shaikh and Avery Ching, dedicated to creating better network tools and seamless user experiences, bringing the advantages of Decentralization to the public. Aptos Labs has received support from top investors, including a16z, Katie Haun, Apollo Global Management, Dragonfly, PayPal Ventures, and Franklin Templeton Investments.