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The blockchain development company raises nearly $ 28 million in funds

May 28, 2020

The blockchain technology company, LayerX has raised approximately 3 billion yen (nearly $ 28 million) for the further rollout of blockchain.

The Japanese version of Cointelegraph reported on May 28 that LayerX raised funds from venture capital firms JAFCO, ANRI, and Yahoo Group. JAFCO board member Keisuke Miyoshi commented:

“Corona has identified several problems in Japan. It continues to accelerate [digitalización]. Blockchain is not just a technological buzzword. “

The news comes after reports from April They show that most of the fundraising efforts in the crypto region have been shifted from America to the Asia-Pacific region, Europe, the Middle East and Africa. According to a report by the auditing firm PwC, 29% of cryptocurrency financing in 2019 came from the Asia-Pacific region.

A well-connected blockchain company

The blockchain development company raises nearly $ 28 million in fundsThe blockchain development company raises nearly $ 28 million in funds

According to reports LayerX works with the Mitsubishi financial services subsidiary Mitsubishi UFJ Group to drive the digitalization of companies and government agencies. The Tokyo-based company uses the cloud services Dotcom, GMO Aozora Net Bank and Money Forward for its services.

As Cointelegraph reported in late November 2018, the Japanese subsidiary of technology giant Microsoft has partnered with LayerX to accelerate the introduction of local blockchain.

In March 2020, brokerage SMBC Nikko Securities, Sumitomo Mitsui Trust Bank and general trading company Mitsui Co. are said to have entered into a partnership with LayerX. The collaboration aims to create a blockchain-based asset management company called Mitsui Co.Digital Asset Management. April reports show that This new company launched an initiative to digitize securities using blockchain technology.