Japan's Robot Consulting announces Ethereum investment plan worth 9 billion won

Japan tech company Robot Consulting announced plans to purchase Ethereum (ETH) worth 1 billion yen (about 9.3 billion won).

On the 5th, according to virtual asset (cryptocurrency) specialized media CoinDo, Tokyo-based Robot Consulting disclosed the plan as part of a strategy to integrate blockchain into legal technology and metaverse services.

The company plans to begin purchasing Ethereum from the end of this year or early next year, and the investment size may be adjusted depending on market conditions. Investment gains and losses will be directly reflected in quarterly financial statements.

Amit Thakur, Robot Consulting's chief executive officer (CEO), emphasized, "Ethereum is not a simple asset but a core infrastructure that connects law and digital services," adding, "By applying smart contract functionality to legal work, we can provide cheaper and more transparent services in areas such as labor law and corporate compliance."

Meanwhile, Robot Consulting operates the cloud-based HR management platform 'Labor Robot' and is developing the AI-based legal assistant 'Robot Lawyer'. It plans to expand its business into metaverse-based legal consultations and digital transformation services in the future.