Aptos Labs has announced the acquisition of HashPalette Inc. to expand its business in Japan. As part of the acquisition, HashPalette's applications will migrate to the Aptos network, including the EXPO2025 digital wallet provided for the 2025 World Expo in Osaka, Kansai, Japan. Through this acquisition, Aptos Labs will enter the Japanese blockchain market and establish partnerships with major Japanese companies to promote Web3 adoption.

Odaily Planet Daily reported that Aptos Labs has announced its agreement to acquire HashPalette Inc., a subsidiary of HashPort Inc. and the developer of Palette Chain. As part of the agreement, HashPort will migrate the Palette Chain and HashPalette applications to the Aptos network, including the EXPO2025 digital wallet for the World Expo 2025 in Osaka, Japan.

Through this acquisition, Aptos Labs is committed to expanding its footprint in Asia and bringing the Aptos blockchain to one of the world's most innovative digital economies. The transaction is subject to customary closing conditions and approvals.

The acquisition of HashPalette by Aptos Labs is a strategic move to enter the Japanese blockchain market. HashPalette has already established partnerships with major Japanese companies, including KDDI, making this acquisition a gateway to connect with some of Japan's most influential firms. Leveraging these partnerships, along with the technology of the Aptos network, Aptos Labs aims to drive Web3 adoption in Japan's entertainment, gaming, and digital asset sectors.

Aptos Labs plans to acquire HashPalette, the developer of Palette Chain, to expand its business in Japan.