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GLP’s new global data center business breaks ground on its first campus in Tokyo, Japan

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  • New 31 MW campus will provide critical digital infrastructure to support accelerating cloud computing and AI growth in Japan 
  • Construction of the first phase comprising 10 MW is underway and expected to be ready for service by February 2025

TOKYO, Aug. 10, 2023 /PRNewswire/ — GLP Pte Ltd. (“GLP”) a leading global developer, owner and operator of logistics real estate, data centers and renewable energy is pleased to announce that it has broken ground on Tokyo West 1 (“TKW1”), its first three-building data center (“DC”) campus totaling 31 MW IT load in West Tokyo, Japan.

Building 1 represents the first phase of the three-building campus and is expected to be ready for service by February 2025. It is designed to meet both hyperscale and enterprise customer requirements for physical and cyber security, safety, reliability, and sustainability. Buildings 2 and 3 representing 10 MW and 11 MW IT load, respectively, will be developed in sequence in the vicinity of the same site. Located in an area with low natural disaster risk to promote stable business continuity, the campus is situated within a network-rich environment and is in proximity to some of the largest enterprise, IT and telecommunications and hyperscale companies. The new facility will also feature amenities including private meeting rooms, offices and common rest areas such as a lounge to provide customers with an optimal working environment.

Leveraging its existing real estate portfolio and core capabilities of acquiring land for development, GLP has assembled a dedicated global team of trusted data center industry veterans.  Combined with experienced local professionals, the team is well-equipped to provide full-scale data center technical expertise in design, delivery, and operations. TKW1 will be constructed to LEED Gold certification standards and will benefit from GLP’s renewable energy business, offering clean sources of energy to advance the sustainability objectives of its future enterprise and hyperscale customers.

“This groundbreaking marks our first data center facility in this region and represents a significant milestone as we further establish our digital infrastructure business to be a leading provider in Japan. As a rising data center hub in Asia, Tokyo is a prime location for our entry into the market and we look forward to serving hyperscale and enterprise customers’ data capacity needs in this region,” said Yoshiyuki Chosa, President and CEO of GLP Japan. “We will leverage our expertise, scale and synergies with our renewable energy business to provide customers with sustainable digital infrastructure to power the future.”

“We are thrilled to celebrate the first of many groundbreakings in Japan as we begin to deliver capacity to both local enterprise and global hyperscale customers.  With more than 600 MW of IT load currently available across our four planned campuses in Tokyo and one in Osaka, we are positioned to deliver sustainable, safe, secure and reliable data center solutions to satisfy current and future demand from business application, cloud, and AI computing deployments,” said Jennifer Weitzel, President, Global Data Center Business of GLP.

Facility Overview
Facility name: Tokyo West 1, Building 1
Location: Tokyo (West)
Site area: Approx. 3,400㎡  
Total floor area: Approx. 8,700㎡
Structure: 3 floors above ground, seismic isolation, and RCS structure
IT Power Capacity: 10MW
Start of construction: August 2023
Ready for Service: End of February 2025 (planned)
Certification: LEED Gold certification (planned), Data Center Tier 3 (planned)

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About GLP

GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GLP’s deep expertise and operational insights allow it to build and scale high-quality businesses and create value for its customers. Its new global data center business is committed to being a positive force for technology, people, and the planet.

With a world-class team of trusted industry leaders and GLP’s global presence, the company is positioned to lead the industry in reliable, safe, secure, and sustainable digital infrastructure. With seven in-flight campuses across Japan, the UK, and Brazil, the business has over 850 MW of power currently available and, combined with the Americas, more than 1,500 MW in its global pipeline.  

GLP owns and operates assets and businesses in 17 countries across Asia, Europe and the Americas. GLP Capital Partners, a global alternative asset manager with $125 billion in assets under management as of 31 March 2023, is the exclusive investment and asset manager of GLP. To learn more about GLP, visit www.glp.com/global.

Photo – https://mma.prnewswire.com/media/2182341/TKW1_1_Japan.jpg

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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