DeCurret, a Japanese digital currency firm, has raised 6.7 billion Yen ($62 million) in a funding round. The business will use the proceeds to develop a blockchain-based digital currency platform and strengthen working relationships with its partner companies.
Among the ten investors who contributed were Sumitomo Mitsui Banking Corporation, SBI Holdings and MUFG Bank, Japan’s biggest bank. The company’s largest shareholder is Internet Initiative Japan.
Initially formed as a cryptocurrency exchange, DeCurret has expanded focus to concentrate on the use of blockchain for business applications that leverage digital currencies.
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