Blockchain know-how agency, LayerX, has raised about three billion yen (equal to just about $28 million) to additional blockchain adoption.
The Japanese model of Cointelegraph reported on Could 28 that LayerX raised the funds from enterprise capital companies JAFCO, ANRI, and Yahoo Group. JAFCO board member, Keisuke Miyoshi, commented:
“Corona has uncovered numerous points in Japan. It’s additional accelerating [digitization]. Blockchain isn’t just a know-how buzzword.”
The information follows April reviews revealing that many of the fundraising within the crypto area shifted from the Americas to the Asia Pacific areas, Europe, the Center East, and Africa. In accordance with a report by Massive 4 auditing agency PwC, 29% of crypto funding in 2019 was within the Asia Pacific area.
A well-connected blockchain agency
LayerX is reportedly collaborating with Mitsubishi’s monetary providers subsidiary, Mitsubishi UFJ Group, to advertise digitization for corporations and authorities businesses. The Tokyo-based agency leverages cloud providers by Dotcom, GMO Aozora Web Financial institution, and Cash Ahead for its providers.
As Cointelegraph reported on the finish of November 2018, the Japanese subsidiary of know-how behemoth, Microsoft, partnered with LayerX to speed up native blockchain adoption.
In March 2020, it was additionally reported that Brokerage SMBC Nikko Securities, Sumitomo Mitsui Belief Financial institution, and common buying and selling firm Mitsui & Co. all partnered with LayerX. The collaboration goals to type a blockchain-based asset administration firm known as Mitsui & Co. Digital Asset Administration. April reviews reveal that this new agency began an initiative aiming to digitize securities utilizing blockchain know-how.