According to online reports, Kitanihon Spinning, a company listed on the Tokyo Stock Exchange, announced on May 14 that its board of directors has decided to carry out crypto assets and RWA (physical assets) related businesses and plans to review new business matters at the shareholders 'meeting on June 30, 2025. The company plans to carry out businesses such as the holding and disclosure of cryptocurrency assets such as Bitcoin, the construction and operation of renewable energy mining equipment, and is currently negotiating cooperation with domestic and foreign mining companies. At the same time, consider issuing own tokens to pay for the company's products, services and plastic recycling business. In the field of plastic recycling, it is planned to use RWA technology to realize visual management of some links in the supply chain. In addition, a Web3 wallet will also be developed for token storage and cross-border payments. North Japan Spinning said that regulatory developments such as the approval of Bitcoin Spot ETF and Japan's revision of the Fund Settlement Law are the main reasons for entering the field. The new business will be handled by the Crypto Asset Management Department established in July.