Japanese Web3 developer HashPort Group raises $8.5M in funding round By Cointelegraph

Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Series C funding round led by Sumitomo Mitsui (NYSE:) Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The new round brings HashPort’s total funding to 2 billion yen ($14.2 million).

According to the July 28 announcement, the funds will allow HashPort to consolidate business and secure a compliance management system and related personnel to navigate the sophisticated global regulatory environment for its expansion. The HashPort ecosystem includes its namesake blockchain-related consulting and system solution in Japan and HashPalette, a public chain specializing in nonfungible tokens (NFTs). The company is also scheduled to launch a metaverse game dubbed The Land Elf Crossing in the fourth quarter.