So & Sato Law Offices is a boutique firm specialising in Web3, fintech, and emerging tech, led by So Saito workload ranges from regulatory compliance to product launch.
Fintech - Independent local firms in Japan
So & Sato Law Offices
Anderson Mori & Tomotsune
Anderson Mori & Tomotsune’s group provides comprehensive advisory services across financial regulation, IT, IP, information security, capital markets and venture capital. The practice is led by Ken Kawai who brings deep expertise in advising both global and domestic financial institutions, fintech companies, self-regulatory bodies, investors, and corporates on complex regulatory issues. Takeshi Nagase counsels a wide range of clients, including crypto start-ups, fintech-focused investment funds, gaming companies, and general trading houses, particularly on matters related to Web 3.0 businesses such as NFTs. Shunsuke Aoki is also a key figure, frequently advising domestic financial institutions on structuring innovative financial instruments incorporating emerging tech like blockchain.
Responsables de la pratique:
Ken Kawai
Autres avocats clés:
Shunsuke Aoki; Takeshi Nagase; Motoya Ishibashi; Keisuke Hatano; Takato Fukui
Les références
‘As a legal firm specialising in digital securities in Japan, it has an outstanding track record. In addition to its expertise in capital markets, it leads the field in areas requiring technological understanding, such as blockchain, and legal advisory work for major Japanese projects is concentrated in AMT.’
‘Shunsuke Aoki leads the team and handles matters for Japan’s major financial institutions. He excels not only in risk management but also in flexibility, and actively supports Japan’s new initiatives.’
‘The team possesses deep expertise in the practical application of security tokens in the real estate investment sector. As this is a relatively new area under Japan’s securities regulations, each Security Token Offering presents novel challenges. The team consistently demonstrates the ability to propose creative legal solutions as an advisor, navigating these complexities with innovation and strategic insight.’
Principaux clients
Circle Internet Group, Inc.
Coincheck, Inc.
Custodiem, Inc. (formerly FTX Japan K.K.)
Mitsubishi UFJ Trust and Banking Corporation
Aptos Labs
Japan Cryptocurrency Business Association
Nomura Securities Co., Ltd.
Toyota Financial Services Corporation
SQUARE ENIX CO., LTD.
SBI Holdings, Inc.
Principaux dossiers
- Advised Circle Internet Group, Inc. on its stablecoin project in Japan.
- Advised Coincheck, Inc. on Ltd. on its group company’s listing on the Nasdaq in the U.S.
- Advised Mitsubishi UFJ Trust and Banking Corporation, Progmat, Inc and Datachain, Inc. on their stablecoin project in Japan
Mori Hamada
Mori Hamada's practice advises a prestigious roster of Japanese and international clients on matters related to settlement systems, fund transfers, cryptocurrency and cybersecurity. The team is led by Masakazu Masujima whose practice spans payment services, including money transmission and crypto assets, alongside crowdfunding and insurtech matters; Takane Hori who has expertise in data protection and cybersecurity; and Atsushi Okada who handles both domestic and cross-border tech-related transactions and legal issues. Masayuki Ishibashi is a key contact for security token offering and capital markets work, while Katsuya Terai offers broad regulatory and transactional guidance across the tech and financial sectors.
Responsables de la pratique:
Masakazu Masujima; Takane Hori; Atsushi Okada
Autres avocats clés:
Masayuki Ishibashi; Katsuya Terai; Masafumi Masuda
Les références
‘The team has significant strength in depth and is ably led by Masayuki Ishibashi who is well-respected and an industry leader. They boast premium clients that engage them for the most innovative and cutting-edge projects.’
‘Our experience with MHM has always been excellent. They are commercial and facilitative and we appreciate their experience and expertise in the Japanese market, often bringing value to complicated and sophisticated matters.’
‘We have worked with partner, Masayuki Ishibashi, who we worked with on complex and novel fund tokenisation matters, involving listing security tokens issued by Japanese fund vehicles. He is very collaborative and has deep expertise in the Japanese market and is a pleasure to work with.’
Principaux clients
Accenture Japan Ltd
Bitbank
Coincheck
CCC MK HOLDINGS Co., Ltd
Culture Convenience Club Company
SBI Holdings, Inc.
GMO Internet, Inc.
G.U. technologies Inc.
Hitachi, Ltd.
JCB Co., Ltd.
Nium
Payeoneer
Mitsubishi UFJ Financial Group
MVL Foundation Pte. Ltd.
SBI SECURITIES Co. Ltd
Seven Bank
Sony Bank Incorporated
Sumitomo Mitsui Trust Bank, Limited
Tencent
TIS Inc.
Principaux dossiers
- Advising SBI Holdings, Inc. on its development of NFTs (Non-Fungible Tokens) functions called MYAKU-N! in a smartphone app called “EXPO2025 Digital Wallet” officially used in this year’s World Expo “Expo 2025 Osaka, Kansai, Japan”.
- Advising the client on the successful Initial Public Offering of Coincheck Group N.V
- Advising a railway company client on the formulation of the service scheme, data handling and privacy policies and the application for registration to provide fund transfer services as part of their initiative to launch a new payment service.
Nagashima Ohno & Tsunematsu
Nagashima Ohno & Tsunematsu's team is co-led by Taku Umezawa, whose practice covers financial regulations and compliance matters - including those relating to the Banking Act, Insurance Business Act, and Financial Instruments and Exchange Act - as well as fintech, data protection and M&A cases; and M&A specialist Keiji Tonomura who handles IP and IT related advisory and transactional work. Clients turn to Takashi Itokawa for his expertise in securities offerings, including those by J-REITs, as well as M&A finance, securitisation and structured finance. Kazuyuki Ohno is a key contact, known for advising on financial regulatory issues affecting banks, trust companies and cryptocurrency exchange operators.
Responsables de la pratique:
Taku Umezawa; Keiji Tonomura
Autres avocats clés:
Takashi Itokawa; Kazuyuki Ohno; Ohki Mizuno
Les références
‘An excellent choice for all matters related to fintech, finance and regulatory law in Japan. We have worked together with Nagashima Ohno & Tsunematsu on multiple projects and have consistently been impressed by their reliable expertise, responsiveness and high-quality work.’
‘Takashi Itokawa brings strong expertise in complex legal questions around fintech and blockchain. He is reliable with a strong sense of responsibility.’
‘Even if the assigned team does not include specialists in certain fields, the firm consistently provides access to highly capable attorneys with broad expertise across relevant legal fields. Furthermore, the proficiency level of their junior associates is notably above the standard typically observed at mid-sized law firms.’
Principaux clients
Mitsubishi UFJ Financial Group, Inc.
Toyota Financial Services Corporation
Progmat, Inc.
Principaux dossiers
- Advised Progmat Inc. on projects for launching stablecoins under Payment Service Act.
Nishimura & Asahi
Nishimura & Asahi advises a broad range of clients, including Japanese banks, financial institutions and start-ups on fintech matters relating to blockchain tech, crowdfunding and app-based financial transactions. The practice is led by Naoya Ariyoshi who represents clients across a spectrum of corporate issues, including social trading, payment services, crypto-asset transactions and crowdfunding. Yusuke Motoyanagi offers strong expertise in asset management, equity capital markets and financial regulatory compliance. Dai Mizui is also a key name, particularly noted for his guidance on digital payments, blockchain and token-based services, as well as anti-money laundering, countering the financing of terrorism, and counter-proliferation financing regulations.
Responsables de la pratique:
Naoya Ariyoshi
Autres avocats clés:
Dai Mizui; Yusuke Motoyanagi
Principaux clients
Nomura Securities Co., Ltd.
Siiibo Securities Co., Ltd.
Orient Corporation
Japan Communications Inc.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Card Company, Ltd
Mitsubishi UFJ Financial Group, Inc.
Rakuten Group, Inc.
LY Corporation
Principaux dossiers
Atsumi & Sakai
Atsumi & Sakai adviss financial institutions, start-ups and IT vendors at the intersection of tech innovation and regulatory compliance. The team provides guidance across a range of legal areas, including banking, payment services, securities, insurance, anti-money laundering and data privacy. The practice is jointly led by Yuri Suzuki who brings deep expertise in advising on crypto-assets and stablecoins, Takafumi Ochiai who has significant experience handling both domestic and international regulatory investigations, and Kenichi Tanizaki who is particularly well-versed in structured finance and securitisation matters.
Responsables de la pratique:
Yuri Suzuki; Takafumi Ochiai; Kenichi Tanizaki
Principaux clients
Financial Services Agency (FSA)
Tokyo Metropolitan Government (TMG)
The Organization of Global Financial City Tokyo (FinCity.Tokyo)
Fintech Association of Japan (FAJ)
Japanese Bankers Association (JBA)
The Center for Financial Industry Information Systems (FISC)
Ministry of Economy, Trade and Industry (METI)
Ministry of Land, Infrastructure, Transport and Tourism (MLIT)
Cabinet Office
Japan Financial Service Intermediary Business Association
Principaux dossiers
TMI Associates
TMI Associates' collective has expertise handling matters across a wide range of industry sectors, including finance, tech, finance, communications, electronics and real estate. The practice is led by Haruo Narimoto who handles issues related to investment-type crowdfunding in Japan; Arito Ogoshi who advises major financial institutions, securities firms, asset managers, and start-ups on financial regulatory matters, and Takatsugu Kitajima who is actively involved in blockchain-related projects spanning international trade and IoT. Ippei Shimizu departed in September 2025.
Responsables de la pratique:
Haruo Narimoto; Arito Ogoshi; Takatsugu Kitajima
Principaux clients
Marubeni Corporation
FinTech Global Incorporated
Sumitomo Mitsui Banking Corporation
Mitsui & Co. Digital Asset Management Ltd.
Kenedix, Inc.
LIFULL Co., Ltd. and Securitize Japan K.K.
Hash DasH Co.,Ltd
Tosei Corporation
Japan Security Token Association
SBI SECURITIES Co., Ltd.
Asynmatrix Pte Ltd
Resona Bank, Limited
NOT A HOTEL Inc.
SBI VC Trade Co., Ltd.
Principaux dossiers
- Advising SBI VC Trade Co., Ltd. in acquiring a licence required for handling stablecoins issued overseas.
- Advised the client on the structuring of a scheme, drafting of various agreements, preparation of securities filings and other legal support in connection with the issuance of security tokens backed by real estate.
- Advised the client on the partnering with Mizuho Securities to launch an anime film fund called « Talent of Talents, » and establishing a self-offering private fund named « Questry Global Anime ST Fund (provisional title), » which will issue digital securities linked to the fund on the Avalanche subnet.