Last week Japan-based Recruit Co.
announced an investment in blockchain startup Coti. Recruit, the holding company of employment sites Glassdoor and Indeed, aims to support the development of Coti’s blockchain services.
The contribution was made via Recruit’s RSP Blockchain Tech Fund, created last November solely for investing in tokens. Last week’s investment in Coti has a limit of $250,000, a hundredth of the total blockchain fund.
The holding company has a turnover of over $19 billion, with its venture capital arm Recruit Strategic Partners (RSP) undertaking investments in trade finance unicorn TradeShift, blockchain payments company Veem, identity company ShoCard, and cryptocurrency exchange bitFlyer.
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Image Copyright: Glassdoor / Ledger Insights
