Japan's Ministry of Economy, Trade, and Industry (METI) is set on boosting the creation of new businesses and industries by facilitating increased investments within the country from limited partnership (LP) firms.

In a strategic move to foster growth in the Web3 sector, Japan is allowing LP firms to acquire and hold cryptocurrency assets.

This initiative is part of a broader effort, which involves the amendment of four key legislative acts, including the Act on Investment Limited Partnership Agreements.

The revisions specifically enable LPs in Japan to invest in medium-sized companies and startups that are involved with cryptocurrencies, allowing them to gain a share of the venture's profits proportionate to their investment.

By creating a more favorable investment landscape for LP firms to engage with Web3 startups, the METI aims to stimulate innovation and economic growth in the digital asset space.