HashPort Raises $8.5M in Series C Funding

Tokyo, JapanHashPort, a Tokyo-based blockchain solutions developer, announced today that it has raised $8.5 million in Series C funding.

The round was led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Yusaku Maezawa.

The company intends to use the funds to create a compliance management system and hire new people.

HashPort is a business as a solution provider that supports the social application of blockchain with the mission of “digitizing all assets”. The company provides new cryptocurrency listing-related services and consulting services to many companies in Japan, including cryptocurrency exchange companies, and accelerator programs to support the growth of overseas blockchain projects in Japan.

The blockchain industry is growing rapidly, with the global market for blockchain solutions expected to reach $23.3 billion by 2023. HashPort is well-positioned to capitalize on this growth, as it has a strong team of experienced professionals and a proven track record of developing innovative blockchain solutions.

The company has already worked with a number of leading companies in the blockchain space, including Ripple, Axie Infinity, and Animoca Brands. HashPort is also the developer of the Palette blockchain, which is used to create and manage non-fungible tokens (NFTs).

“We are excited to announce this funding round, which will allow us to expand our compliance and hiring efforts,” said Seihaku Yoshida, president of HashPort. “We believe that these are essential steps for us to continue to grow and succeed in the blockchain industry.”

💼 Deal Table for HashPort

Key PeopleInvestorsAmount InvestedSectorFunding Round
Seihaku YoshidaSumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Yusaku Maezawa$8.5MBlockchainSeries C

📈 Similar Blockchain Startups are trending

There are a number of other blockchain startups that have raised significant funding in recent months. For example, Conflux raised $40 million in Series B funding in January, and NEAR Protocol raised $150 million in Series B funding in December.

These startups are all developing different aspects of the blockchain technology market, including blockchain infrastructure, decentralized applications (dApps), and NFT platforms. HashPort is unique in its focus on providing a comprehensive suite of blockchain solutions to businesses of all sizes.

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