IndieSquare
Tokyo, JP · Founded 2024 · 2 employees on LinkedIn · 1 known investors
IndieSquare is a Japanese blockchain startup offering Web3 products including the HAZAMA BASE dashboard, the hazBase real-world asset (RWA) tokenization platform, and MARUNAGE, a managed service that handles NFT/token design and crypto-asset management for businesses. It uses patented cross-blockchain asset transfer technology to let companies, governments, and municipalities adopt token economy services without needing to hold crypto, paying in Japanese yen via invoice.
Also known as IndieSquare Co., Ltd · IndieSquare Inc. · インディースクエア · 株式会社IndieSquare
Founders & leadership
Investors · 1
Company profile
researched Aug 2026IndieSquare Co., Ltd (株式会社IndieSquare) is a Tokyo-based blockchain company founded in September 2015 and headquartered in Shibuya, Tokyo. It states a mission framed around a "token economy" in which individuals can create and distribute value, and positions itself as making blockchain technology easier to use for companies, communities and individuals.
The company's product line spans four named services: HAZAMA, described as a proprietary blockchain platform for which a patent was obtained in November 2020; HAZAMA BASE, a Web3 dashboard/platform for issuing NFTs that the company says can be used free of charge and has been adopted by corporations as well as government bodies and municipalities; MARUNAGE NFT, an outsourced NFT issuance and sales service that can be started with invoice-based payment and where gas fees are fronted by the service; and hazBase, an RWA (real-world asset tokenization) platform for business use, offered from November 2025 as a pilot programme, aimed at uses such as fractionalizing accounts receivable and corporate bonds for fundraising, with token designs said to accommodate national regulations and potential future listing. An earlier product, IndieSquare Wallet, is described as a mobile client-type crypto-asset wallet with a multi-chain DApps browser, supporting Bitcoin, Ethereum and Counterparty token issuance, purchase of XCP, and token transfers.
An associated GitHub organization, IndieSquare Inc., hosts repositories including the IndieSquare Wallet mobile Counterparty wallet, Pebble Wallet (a Bitcoin Lightning Network wallet for iOS and Android), Unity SDKs for BTCPay Server, and a JavaScript SDK described as an "SDK for Token Economy"; public repository activity shown dates from 2019 to 2022.
Business model
IndieSquare sells packaged Web3 services to organizations, including a free-to-use NFT issuance platform (HAZAMA BASE), an outsourced NFT issuance/sales offering (MARUNAGE NFT) that can be started on invoice-based payment, and a pilot-programme-based RWA tokenization platform (hazBase). The company also offers consulting spanning RWA planning and ongoing operational support, and states it can advise on internal-process efficiency combining AI and blockchain.
The company states customers can begin without buying crypto-assets, paying in Japanese yen and, for corporations, via invoice and bank transfer; MARUNAGE NFT is presented as an invoice-payment service in which gas fees are advanced by the service. HAZAMA BASE is described as free to use for NFT issuance.
Traction
Published case studies include issuance of the "Tairakun SBT" NFT membership certificate for House of Representatives member Masaaki Taira (described as a first for a Japanese national legislator, distribution beginning June 2023), the Cabinet Secretariat's first NFT use to issue award certificates for the summer FY2022 "Digi-den Koshien", and the Liberal Democratic Party Youth Division's "Kishida Token", described as the first NFT issued by a political party, using HAZAMA BASE. Other activity includes a September 2023 joint proof-of-concept with CO2-visualization service e-dash on turning carbon credits into NFTs, support for an INO in the DAO of football club Funabashi FC (December 2024), and owner-level decision-making for Funabashi FC conducted on HAZAMA BASE (August 2025).
Latest developments
On 1 November 2025 IndieSquare began offering a pilot programme for hazBase, its RWA tokenization platform for business use. On 11 November 2025 it announced R&D into issuing RWAs on the Bitcoin layer-2 Liquid Network, with the aim of providing the capability to Japanese companies. In August 2025 owner-group decision-making for football club Funabashi FC (founded 1972) was carried out on HAZAMA BASE.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company presents itself as a Japanese blockchain startup supplying domestically developed Web3 infrastructure to enterprises and public-sector organizations, citing multiple government and municipal deployments of HAZAMA BASE.
IndieSquare emphasizes its patented cross-blockchain asset transfer technology (patent no. 6788875), the ability for customers to start without holding crypto-assets by paying in Japanese yen or by corporate invoice, packaged services usable with general web knowledge, and "made in Japan" domestically developed products. It also cites adoption by government and political-sector clients as evidence of track record.
Technology
The company builds on HAZAMA, a proprietary blockchain platform for which it obtained a patent in November 2020 (patent no. 6788875) covering transfer of assets between blockchains; it cites this to reduce developer burden, maintain data reliability across chains, and adapt to varying national regulations. Product chain support has been extended over time, including Astar zkEVM (March 2024) and Worldchain (November 2024), and a STAKING feature for Web3 asset management and distribution of DAO voting tokens was released in June 2024. In November 2025 the company began R&D on issuing RWAs on the Bitcoin layer-2 Liquid Network. IndieSquare Wallet supported Bitcoin, Counterparty (including XCP purchases and token issuance) and Ethereum, with push notifications, fiat value display and multiple addresses.
Go-to-market
The company markets packaged, standardized Web3 offerings to lower the entry barrier for enterprises, supported by educational content (guides on NFTs, blockchain and crypto-assets, an FAQ and glossary), published case studies of deployments, and press releases; hazBase is introduced via a pilot programme allowing a minimal-configuration proof of concept.
Japanese corporations, communities and individuals, plus government bodies, political organizations and municipalities; hazBase targets businesses seeking to tokenize physical/real-world assets such as receivables and corporate bonds.
Geography
Headquartered at 2-2-17 Shibuya, Shibuya-ku, Tokyo, Japan, with services oriented toward Japanese companies, including the stated goal of offering Liquid Network-based RWA issuance to Japanese enterprises.
History
IndieSquare was established in September 2015. Its early work centred on Bitcoin and Counterparty tooling, including IndieSquare Wallet, described as the world's first mobile client-type crypto-asset wallet with a multi-chain DApps browser and referenced on Counterparty's official site, alongside open-source projects such as a Lightning Network wallet and BTCPay Server SDKs. In November 2020 the company obtained a patent for its HAZAMA blockchain platform, and it subsequently launched the HAZAMA BASE NFT dashboard and the MARUNAGE outsourcing service. From 2023 onward it expanded into public-sector and political NFT projects and carbon-credit tokenization trials, added chain support and staking features in 2024, and in late 2025 moved into real-world asset tokenization with the hazBase pilot programme and Liquid Network R&D.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 10
launches, deals, and filingsPress release announcing the start of research and development on issuing RWAs on the Bitcoin layer-2 Liquid Network, targeted at Japanese companies.
IndieSquare began offering a pilot programme for hazBase, a real-world asset (RWA) tokenization platform for business use.
Owner-group decision-making for football club Funabashi FC, founded in 1972, was carried out on HAZAMA BASE.
IndieSquare announced it supported an INO within the DAO of football club Funabashi FC.
Release of a STAKING function described as useful for Web3 asset management and distributing voting tokens in DAOs.
Press release announcing a collaboration with CO2 emissions visualization service e-dash to begin a proof-of-concept turning carbon credits into NFTs.
Start of distribution of a supporters' membership certificate soul-bound token for House of Representatives member Masaaki Taira, chair of the LDP web3 project team, described as a first for a Japanese national legislator.
IndieSquare obtained a patent (no. 6788875) for its proprietary blockchain platform HAZAMA, covering transfer of assets between blockchains.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- IndieSquareindiesquare.co.jp · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does IndieSquare do?
- Tokyo blockchain company providing NFT, RWA tokenization and Web3 outsourcing services built on its patented HAZAMA technology.
- Who are IndieSquare's investors?
- IndieSquare's investors include NOW Japan.
- Where is IndieSquare headquartered?
- IndieSquare is headquartered in Tokyo, JP.