[GP-23] GC Membership Application of HashPort

Governance Proposal (GP)
1

1. Name of Applicant

HashPort, Inc.（株式会社HashPort）

2. Introduction of Applicant

2-1. Company Overview

HashPort, Inc. is a Japanese Web3 / blockchain company founded in July 2018. Under our mission “Bringing Untapped Value into Everyday Life,” we provide blockchain solutions as a universal service, working toward a society in which every person can access the value that Web3 creates.

In October 2024, we entered a capital and business alliance with KDDI Corporation, becoming an equity-method affiliate of KDDI. In addition to KDDI — one of Japan’s largest telecommunications carriers — our strategic shareholders include University of Tokyo Edge Capital Partners (UTEC), Sumitomo Mitsui Banking Corporation (SMBC), and Yusaku Maezawa (individual investor).

株式会社HashPort / HashPort, Inc.
Founded: 2018年7月 / July 2018
HQ: 東京都港区南麻布3-20-1 Daiwa麻布テラス5F / 5F Daiwa Azabu Terrace, 3-20-1 Minami-Azabu, Minato-ku, Tokyo, Japan
CEO: 吉田 世博 (Seihaku Yoshida)
Capital: 100,000,000 JPY
Employees: Approx. 84 incl. officers, full-time, and contractors
Major Shareholders: KDDI (>20%, equity-method affiliate), UTEC, SMBC, 前澤友作/Yusaku Maezawa, セレス/Ceres, 静岡キャピタル/Shizuoka Capital Co., Ltd., 東急不動産HD/Tokyu Fudosan Holdings Corporation, etc.

2-2. Leadership

CEO : 吉田 世博 (Seihaku Yoshida)
Former BCG Digital Ventures, Board Member of Japan Crypto-Asset Business Association (JCBA)

取締役副社長COO / COO: 時田 一広 (Kazuhiro Tokida)
Former Vice President & COO of DeCurret DCP, launched Japan’s first deposit-token platform

取締役CTO / CTO: 林 孝之 (Takayuki Hayashi)
元 NewsPicks 執行役員VPoE / Former Executive Officer & VPoE at NewsPicks

取締役CAO / CAO: 堀田 昂慈 (Koji Hotta)
元 LINE 金融部門マネージャー、弁護士 / Former Manager of LINE Financial Division, qualified attorney

2-3. Key Services

A. Web3 Wallet Product Business

  • HashPort Wallet — one of Japan’s largest domestically-built Web3 wallets:

    • Successor to the official mobile app of Osaka-Kansai Expo 2025, “EXPO2025 Digital Wallet.”

    • Cumulative 1M+ downloads (peaked at #6 overall and #1 in the finance category in the App Store ranking).

    • Approx. 84% market share of JPYC (Japanese yen stablecoin) wallet addresses in Japan.

    • Multi-chain support (currently 7 chains).

  • HashPort Wallet for Biz — stablecoin payment solution for merchants:

    • Zero monthly or registration fee; free issuance of QR-code payment POPs.

    • Live deployments at physical stores including Chibo (okonomiyaki — Yurakucho and Sennichimae main store), as covered by Nikkei.

B. Web3 Consulting & Solutions Business

  • Track record of collaboration with 170+ enterprises and local governments, including KDDI, SMBC, Resona, SBI, Kansai Electric, Sony, ANA, JR-West, and the prefectural governments of Osaka, Kyoto, and Nara.

2-4. Why HashPort for Kaia

  • Japan’s leading Web3 wallet + Japan’s strongest distribution network = the optimal gateway for Kaia in Japan.

  • The combination of the No.1 Web3 wallet in Japan and one of the largest distribution networks (KDDI’s 120M IDs) makes HashPort the ideal gateway for Kaia to achieve mass adoption in Japan.

  • Distribution: Direct connectivity to KDDI’s 120M Ponta point holders and the au PAY economy.

  • Stablecoin Leadership: Leading JPYC distribution (84% share), ongoing dialogue to distribute other main stablecoins.

  • Regulatory Voice: JCBA Board, Web3 Business Rules Task Force, Government Web3 PT, and Keio University’s “Web3 Regulation Research Project.”

  • In-house Engineering: Fully in-house product development with Web3 expert engineers.

3. Objectives for Participating in the Kaia Governance Council

  • HashPort aims to participate in the Kaia Governance Council as the “Japan Gateway” that bridges the Kaia ecosystem to the Japanese market.

Our three concrete goals:

  • Provide an On-ramp to Kaia for Japanese Users — Position HashPort Wallet (1M+ downloads / 84% JPYC share) as the primary Japan-side entry point to Kaia, delivering a fully gasless, frictionless Kaia experience to mainstream Japanese users.

  • Lead Regulatory Engagement & Ecosystem Expansion — Through our active roles at JCBA, the Web3 Business Rules Task Force, the Government Web3 PT, and Keio University’s Web3 Regulation Research Project, build the regulatory and operational foundation for Kaia’s safe expansion in Japan.

4. Commitment to the Kaia Community

4-1. Overview

  • HashPort will contribute to Kaia long-term through four interconnected pillars, all anchored on HashPort Wallet and HashPort Wallet for Biz, designed to generate real demand for Kaia in the Japanese market.

Four Pillars

  • Kaia-native HashPort Wallet — Kaia chain support.

  • Japan Ecosystem Expansion — Ecosystem expansion, JPYC, and more.

  • Reliable Validator Operations — Highly available validator node operation.

4-2. Pillar 1: Kaia-native HashPort Wallet

  • We will add Kaia as a first-class supported chain in HashPort Wallet, offering custody, transfers, and swaps of Kaia-based tokens and stablecoins.

4-3. Pillar 2: Japan Ecosystem Expansion

  • We bring to Kaia what the Japanese market needs most — distribution, stablecoin demand, and a regulatory rail — through HashPort’s existing partnerships.

  • Connection to the KDDI / Ponta economy: Funnel 120M+ Ponta point holders and au PAY users into Kaia via HashPort Wallet, building the user journey “Ponta points → JPYC / stablecoins → on-chain utilization & payments on Kaia.”

  • Regulatory advocacy: Continue leading the conversation at JCBA, the Web3 PT, and the Web3 Business Rules Task Force so that public chains including Kaia can grow safely and sustainably in Japan.

  • Enterprise and local-government network: Leverage relationships with 170+ enterprises and local governments (SMBC, Sony, Kansai Electric, JR-West, Osaka, Kyoto, Nara, etc.) to develop concrete Kaia use cases.

4-4. Pillar 4: Reliable Validator Operations

  • We will apply our enterprise-grade infrastructure know-how (proven through operating custodial wallets for crypto exchanges and the EXPO 2025 Digital Wallet at scale) to ensure availability, security, and observability of the Kaia validator.

5. Plan for Securing 5 Million KAIA

5-1. Delegation Request

  • Upon approval as a Kaia GC member, HashPort will operate a validator node on the Kaia network and request a delegation of 5,000,000 KAIA (≈ USD 200,000 at current price) from the Kaia Foundation.

  • With an APY of approximately 5%, the expected annual block reward is ≈ USD 10,000.

Summary table

  • Requested Delegation: 5,000,000 KAIA (≈ USD 200,000)

  • Expected APY: ~5%

  • Expected Annual Reward: ≈ USD 10,000

5-2. Use of Block Rewards

  • All block rewards generated from the delegation will be allocated to wallet-related expenditures that directly drive Kaia ecosystem growth in Japan.

  • A draft breakdown is shown below, to be finalized in consultation with the Kaia Foundation

    • ① Validator Node Operation (~30%): Infrastructure costs for the validator node (cloud, monitoring, security, on-call operations).
    • ② Japan-wide Kaia Awareness & User Acquisition Campaigns (~40%): Large-scale Kaia-related promotional campaigns deployed via HashPort Wallet across Japan to expand awareness, acquire new users, and grow the on-chain participant base.
    • ③ Merchant Adoption Campaigns via HashPort Wallet for Biz (~20%): Promotional campaigns to expand the number of merchants accepting Kaia-based payments, contributing to real-world Kaia transaction volume in Japan.
    • ④ KOL / Media / Partner Promotion (~10%): In-app Kaia surfaces, KOL/media efforts, and joint promotions with partner enterprises.Why this allocation matters

  • HashPort applies the same philosophy to “operational costs and campaigns for Kaia wallet adoption in Japan,” ensuring that every unit of reward translates directly into more HashPort Wallet users = more Kaia on-chain activity.

Appendix

A. Track Record Highlights

  • EXPO 2025 Digital Wallet (now HashPort Wallet): Official mobile wallet of Osaka-Kansai Expo 2025. Cumulative 1M+ downloads, peaked at #6 overall / #1 in the finance category on the App Store, DAU 30%. Integrated with SMBC’s “MYAKU-PAY” and Resona Bank’s “MYAKU-PO.”

  • JPYC: Leading Japanese yen stablecoin with ~84% wallet-address share in Japan. HashPort Wallet is featured as a primary wallet on the official JPYC website.

  • HashPort Wallet for Biz: Released January 2025. Live at Chibo okonomiyaki (Yurakucho and Sennichimae main store); featured in Nikkei.

  • Regulatory work: JCBA Board Member; member of the Web3 Business Rules Task Force; contributor to the Government Web3 PT; driver of Keio University’s “Web3 Regulation Research Project.”

  • 170+ Partners: SMBC, KDDI, Sony, Resona, SBI, Kansai Electric, ANA, JR-West, Osaka Prefecture, Kyoto Prefecture, Nara Prefecture, Mitsui Sumitomo Insurance, Orico, Ponta Research, and others.

B. Related Public Resources

2

We welcome the above applicant proposal of Hashport, one of the leading Japanese Web3 / blockchain company. We would like to endorse and support the proposal. Thank you.

3

Since this has now been endorsed by the GC, it will proceed to Kaia Square for voting as a GP-23.

4

Swapscanner welcomes Hashport’s GC membership application and supports the proposal. We believe Hashport can contribute meaningful value to the Kaia ecosystem. Looking forward to their participation as a GC member.

5

HashPort repeatedly emphasizes its position as Japan’s leading Web3 wallet provider, its strategic alliance with KDDI, its regulatory influence, and its extensive enterprise network.

If all of that is true, then I have a very simple question.

Why is HashPort requesting 5 million KAIA from the Foundation instead of acquiring it with its own capital?

The proposal itself states that 5 million KAIA is worth approximately USD 200,000.

For an organization that presents itself as Japan’s premier Web3 company, backed by KDDI and connected to over 170 enterprises, is USD 200,000 really an unreasonable investment?

The proposal contains many promises about what Kaia can gain from HashPort.

But where is the evidence of what HashPort is willing to risk for Kaia?

Many individual community members have invested far more than they could comfortably afford and have endured years of losses because they believed in the future of this ecosystem.

Why should ordinary investors take real financial risk while a well-funded corporate applicant seeks governance influence using Foundation assets?

If HashPort truly believes that Kaia will become a major gateway into the Japanese market, then investing its own capital should be the easiest part of the proposal.

The community is not asking for marketing slogans.

The community is asking for alignment.

What exactly is HashPort risking alongside the people who have already risked their own money for years?

6

현 KAIA 가격 기준으로 500만 개는 서상민, 조일현 등 일부 관계자들이 받아가는 연간 인건비에도 못 미치는 수준 아닙니까?

이 정도 푼돈조차 자기 자본으로 투자하기 싫다는 기업이 과연 GC가 될 자격이 있는지 의문입니다.

카이아의 미래를 믿는다면 직접 투자하고 스테이킹해서 이해관계를 함께하는 진짜 Stakeholder가 되어야 하는 것 아닙니까?

재단 물량으로 거버넌스 영향력과 보상만 얻고, 나중에 단물만 빨아먹고 떠날 수도 있는 구조라면 커뮤니티가 왜 이를 지지해야 합니까?

At the current KAIA price, 5 million KAIA is probably less than the annual compensation received by certain executives and insiders.

If a company is unwilling to invest even that amount of its own capital, I seriously question whether it is qualified to become a GC member.

If they truly believe in the future of Kaia, they should invest their own money, stake it, and become a genuine stakeholder alongside the community.

Why should the community support a structure where companies gain governance influence and rewards using Foundation-provided assets, only to potentially extract value and leave later?