Business & Economy Startups Cryptocurrency platform closes the first part of Series C funding, seals...

Cryptocurrency platform closes the first part of Series C funding, seals unicorn status




- Advertisement -

The Japan-headquartered company’s now among the two tech unicorns with operation in Japan

Global cryptocurrency platform today announced its first close of an ongoing Series C funding that puts the company valuation at over US$1 billion.

This round is led by IDG Capital, with participation from the cryptocurrency mining rigs maker Bitmain Technologies. The investment is the latest foray into regulated digital asset trading by Bitmain Technologies after investing in ErisX.

The company said that it will use the funding for global expansion, product development of the core trading exchange business, and expansion into the security token market.

- Advertisement -

“Consumers are increasingly placing a higher value on digital assets and technologies they can trust and use with greater ease. Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it,” said Liquid CEO Mike Kayamori.

Liquid was founded in 2014. In 2017, Liquid raised more than US$100 million in a pre-discounted ICO raise, which was the first regulated ICO to be done in Japan.

Also Read: Philippines edtech startup Edukasyon acquires online directory

General Partner of IDG Capital Young Guo noted that the firm realised that Tokyo has emerged as a top destination for crypto innovation with proper regulations which factored into the investment.

IDG’s current portfolio of crypto investments include Coinbase, Ripple, Bitmain, and Kakao’s crypto unit.

The post Cryptocurrency platform closes the first part of Series C funding, seals unicorn status appeared first on e27.

Source: E27

- Advertisement -

Man whose mother was a hawker has tough question on hawkerpreneurship cert

Singapore -- A man whose mother was a hawker has a tough question on the new Work-Study Post-Diploma (Certificate in Hawkerpreneurship): “Who would want to send their children to the polytechnic and ITE for a diploma in 'hawkerpreneurhip', only to slog...

As India battles Covid-19, staying indoors is the new normal for student

Sitamarhi (India) -- With the start of a vaccination programme against Covid-19 in India on Saturday (Jan 16), another firm step is being taken in the battle against the virus in the country. The Covid-19 pandemic has affected the daily life of...

“Eh, don’t block the road guys, please” — Motorist tells cyclists confronting cabby

Singapore -- A video has gone viral of a group of cyclists who are confronting a taxi driver being told not to block the road by the motorist behind them. On Friday (Jan 15), Facebook page uploaded dashboard camera footage taken...