Crypto Analyst Kasou NISHI Explores ICHIZEN's Asset Management and New Lending Service 'HyperLending' in Interview Series

ICHIZEN HOLDINGS Co., Ltd. (Shibuya-ku, Tokyo; Representative Directors: Rintaro Mizuno, Yosuke Kida) has announced the simultaneous release of a two-part interview series where crypto analyst Kasou NISHI examines the company's crypto asset management and its crypto lending service, 'HyperLending.'

The first part delves into the market analysis and risk management behind the company's crypto asset management, which achieved a '+430.5% in 27 months' track record. The second part focuses on 'HyperLending,' a crypto asset lending service scheduled for official launch on July 1, 2026, exploring the mechanism behind its high lending rates and the risks involved.

The interviewer, Kasou NISHI, an analyst known for his insights into the crypto market, poses direct questions to the company's head of operations from a third-party perspective.

### Part 1 | The 'Risk Management' Behind ICHIZEN's +430.5% Crypto Performance

The theme of the first part is the risk management that has supported the company's crypto asset management. It focuses more on 'how they protected assets' than 'how they grew them.' The '+430.5% in 27 months' achievement is explained not as a result of maintaining bullish positions, but as an accumulation of decisions on how to limit losses during market downturns and preserve capital for future opportunities.

Key Topics:
- The market environment that produced the +430.5% return
- The reason for focusing on the market as a whole, centered on Bitcoin
- Market judgment based on options markets and macro-environmental factors
- Approaches to stop-loss, position management, and drawdown control
- Practical issues in corporate crypto treasury and DAT enterprise support, including internal controls and auditor correspondence

### Part 2 | The Mechanics of HyperLending and the Risks Behind High Interest Rates

The second part directly addresses the question: 'How can you offer such high interest rates?' Kasou NISHI sequentially verifies how HyperLending's rates are generated and what risks are associated with the lent assets.

Key Topics:
- The mechanics of the HyperLending service
- The operational strategies that generate high lending rates
- The reason for insisting on in-house operations
- How to consider the risks of lent crypto assets (counterparty risk, price volatility risk, liquidity risk)
- The rationale behind supporting HYPE lending
- Future regulatory trends and service operation policies

### Background of the Interview Release

ICHIZEN believes it is crucial to communicate with transparency not only about performance and interest rates but also about the underlying operational structure, risk management, and service design. This interview aims to provide users with a more concrete understanding of the service from their perspective.

### About 'HyperLending'

A lending service that allows users to receive lending fees in the same currency by lending out their crypto assets. Pre-registration started on June 10, 2026, with the official service launch scheduled for July 1, 2026.

Key Features:
1. **High-Level Lending Rates via In-House Operations**: By not outsourcing to external parties, the in-house specialist team reduces intermediary costs. The design aims for a maximum of 10% APR for BTC and ETH.
2. **Daily Market Analysis and Monthly Reports**: To alleviate the 'black box' anxiety after lending, the service will continuously provide information on operational status and market conditions.
3. **First in Japan* to Support HYPE Lending**: In addition to BTC and ETH, the service supports lending of 'HYPE,' a token related to the decentralized exchange Hyperliquid. For corporate clients, stablecoins (USDT & USDC) will also be available.

*Based on internal research as of June 2026, covering domestic crypto asset lending services.

### About Kasou NISHI

A crypto asset analyst. Formerly Deputy Head of Digital Space Office at SBIHD, Director at SBINFT, roles at Yahoo! JP, a think tank, and in bank asset management. Author of 'The Hidden Investment Strategies of Crypto Assets.'