Gaia Co., Ltd. — Japan crypto-asset exchange operator overview
#fintech#jp-crypto-exchange#vasp#btm#kansai
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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.
FSA registration number Kinki Local Finance Bureau 第00004号 · JVCEA member #1034 · registration date 2021-06-18
1. Entity · shareholders
- Trade name: 株式会社ガイア
- Founded: 2007年12月25日 (corporate-organization change)
- Head-office location: 〒550-0002 Osaka, Osaka-shi, Nishi-ku, Edobori 2-1-1 , Edobori Center Building 9F
- Osaka office: Osaka-shi, Nishi-ku, Shinmachi 1-28-3 , Yotsubashi Grand Square 9F
- Tokyo office: Tokyo, Chiyoda-ku, Iwamotocho 3-3-3 , Akihabara Southern Building 5F
- Capital: 2,990万円
- Number of employees: 15名 (disclosed)
- Parent company: Gaia Holdings Co., Ltd. (established 2021年2月, to which businesses other than the crypto-asset exchange business were transferred)
- Listing status: unlisted
2. License · registration status
- Crypto-asset exchange business: Director-General of the Kinki Local Finance Bureau 第00004号 (registration date 2021-06-18)
- JVCEA Type 1 member: #1034 (joined as Type 2 in 2021年1月 → changed category to Type 1 in 6 of the same year)
- No registration for financial-instruments business · electronic-payment-instruments transaction business · funds-transfer business (within the scope of disclosed information)
- Of the Kansai-located crypto-asset exchange VASPs, only 2 社 out of 26 社 (Zaif: Director-General of the Kinki Local Finance Bureau 第00001号 and this company; for reference, FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements)
3. Handled currencies
- Number of handled tokens: 3 tokens (disclosed information as of 2026年5月)
- Supported tokens: BTC (Bitcoin), ETH (Ethereum), ADA (Cardano)
- Characteristics: the variety of currencies is small and BTC-centric, but ADA support is rare even among domestic VASPs. ETH has a history of being suspended once in 2022年12月 → handling resumed in 2025年12月.
4. Business scope
- Flagship service: the crypto-asset automatic exchange machine BTM (Bitcoin Teller Machine) — deployed as Japan’s only crypto-asset ATM (began 2022年8月; for comparison, the ATM business model of COINHUB)
- BTM: JPY ↔ BTC / ETH buy / sell, with ADA buy only. Maximum 10万円 per 1 transaction.
- WEB exchange service: online exchange not requiring a BTM (accepted 24 hours, supporting buy / sell of BTC / ETH / ADA)
- Inbound support: with no user registration and only an ICAO-compliant IC passport, exchanges other than ADA selling are possible (for foreign tourists)
- BTM unit sales: a sales scheme for BTM units is offered to partners
- Fiat deposit channels: cash banknotes (ATM insertion) or bank-account transfer
- Margin / derivative / staking / NFT / crypto-asset lending: no disclosed information
5. Market share · trading volume
- Account count · trading volume are not disclosed
- The scale is classified as small-scale niche (employees 15名, capital 2,990万円)
- BTM installation count: in 2022年8月 installed the 1th unit domestically (Osaka) → 9 the 2th unit (Tokyo) → 11 the 3th unit. As of 2026年5月1日, temporarily suspended from use (the reason is not detailed within the scope of disclosed information)
- Customer base: retail (BTM users) + inbound tourists
6. History · major incidents
| Date | Item |
|---|---|
| 2007年6月 | Started the business of introducing online credit-card payment systems |
| 2007年12月 | Changed organization to 株式会社ガイア |
| 2008年6月 | Started credit-card payment business for restaurants · retail stores, and account-debit service |
| 2008年10月 | Established the restaurant division “Marukura” |
| 2010年6月 | Transferred the restaurant division to a separate company |
| 2011年1月 | Started electronic-money · point-card issuance business |
| 2013年4月 | Started credit-sales · loan handling |
| 2018年1月 | Added the crypto-asset exchange business as a business purpose |
| 2021年1月 | Joined JVCEA as a Type 2 member |
| 2021年2月 | Established Gaia Holdings Co., Ltd. (transferring businesses other than the crypto-asset exchange business) |
| 2021年6月 | Completed crypto-asset exchange business registration (Director-General of the Kinki Local Finance Bureau 第00004号), changed category to JVCEA Type 1 member |
| 2022年8月 | Started services based on the crypto-asset exchange business (company announcement); brought Japan’s first crypto-asset automatic exchange machine BTM into operation in Osaka |
| 2022年9月 | Installed the 2th BTM domestically, in Tokyo |
| 2022年11月 | Installed the 3th BTM domestically |
| 2022年12月 | ETH handling temporarily suspended |
| 2025年12月 | ETH handling resumed |
| 2026年4月 | Changed login specifications by introducing passkeys |
| 2026年5月 | BTM temporarily suspended from use (reason unknown, disclosed) |
7. Strategic developments
- Offers a partner-sales scheme for BTM units, seeking BTM-installation expansion to other companies · other operators
- Starting identity-verification-free exchange for foreign tourists (inbound) via a passport-verification method is a unique line for capturing inbound demand
- The meaning of the current temporary BTM suspension as of 2026年5月 is unclear in strategic · regulatory terms (not detailed within the scope of disclosed information)
- Joining the Japan Vending System Manufacturers Association indicates an intent to deploy the BTM cross-industry as a “vending machine” category
8. Related people
- Representative Director: Motohiro Ogura (disclosed)
- Director / COO: Hitomi Watanabe (Chief Operating Officer)
- Director: Naoki Tsujimoto (in charge of the systems division)
- Director: Tsutomu Kanazawa (in charge of internal control)
- Auditor: Masahiko Dan
- Advisor (business strategy): Kimihiro Mine (took office 2021年9月)
Related
- japan-financial-regulation — Japanese financial regulation overall
- japan-bittrade-listing-process — general theory of the token-listing process
- japan-stablecoin-regulatory-landscape — related stablecoin regime
- jp-trust-type-sc-architecture — related SC regime
- jp-vasp-aml-travel-rule-implementation — JP VASP AML / travel rule (ATM · inbound)
- jp-crypto-merchant-payment-lightning — JP crypto merchant payment (cash touchpoint)
- jp-exchange-coinhub — peer COINHUB (ATM operator)
Sources
- 株式会社ガイア company profile (retrieved 2026-05-18)
- Gaia BTM service site (retrieved 2026-05-18)
- JVCEA member list (retrieved 2026-05-18)
- FSA crypto-asset exchange operator registration list Excel (snapshot 令和8年4月1日 = 2026-04-01)
- Gaia news list 2022年 (retrieved 2026-05-18)
- Gaia news list 2021年 (retrieved 2026-05-18)