HashPort, a Japanese blockchain company, has raised 1.2 billion Japanese yen ($8.5 million) in a Series C fundraising round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Yusaku Maezawa, a Japanese billionaire entrepreneur.
HashPort’s total financing now stands at 2 billion yen ($14.2 million).
According to the July 28 statement, the cash would enable HashPort to streamline operations and establish a compliance management system and relevant staff to traverse the complex worldwide regulatory environment for its expansion.
The HashPort ecosystem includes the company’s name-brand blockchain consultancy and system solution in Japan, as well as HashPalette, a public chain specialising in nonfungible tokens (NFTs).
In the fourth quarter, the business plans to release The Land Elf Crossing, a metaverse game.
