All posts tagged "Japan"

Tokyo-based mobile gaming publisher gumi Inc. is launching a $30 million fund to invest in cryptocurrency and blockchain technology companies worldwide, Founder and CEO Hironao Kunimitsu has told Blockchain Beach. “We decided to create a fund that enables us to engage more directly with early-stage blockchain and cryptocurrency startups, in order to be more effective partners and have a real impact in the market," Kunimitsu said of the fund. The new fund, called gumi Cryptos, has made initial investments in several projects, including Basis, Origin Protocol, Robot Cache, and Pryze. It plans to offer portfolio companies a strategic venture capital investment partner with access to the Japan cryptocurrency market through its network of investors and management board. gumi Cryptos will be operated by Kunimitsu and Miko Matsumura, Co-founder of Evercoin cryptocurrency exchange. Matsumura is also a Venture Partner at SF-based BitBull Capital and an investor in a multitude of high-profile Blockchain technology start-ups including Brave, Polymath, Filecoin, and Civic (among others). “Having advised top global cryptocurrency startups alongside some of the best investors in the world, I’ve come to realize that all of them struggle to break into Japan," Matsumura said. "I’m excited to join gumi and their well-respected network in Japan.” This new fund gives Matsumura an inside track to take his learnings from blockchain tech companies and pair them with the consumer behavior data of gumi Inc. With the third-largest economy in the world, the digital currency market is becoming increasingly important for Japan, which last month became the first country to legalize Bitcoin. As of May 29, 2018, the Japanese Yen accounted for over 65% of total Bitcoin (BTC) daily trading volume. "Our team brings tremendous expertise in emerging technology." Kunimitsu said. "With gumi Cryptos, we can truly partner with these companies as they achieve amazing results for all stakeholders.”

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All posts tagged "Japan"

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Japan’s gumi Launches $30M Blockchain VC Fund Led by Miko Matsumura