Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Assortment C funding spherical led by Sumitomo Mitsui (NYSE:SMFG) Banking Company, The College of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The contemporary spherical brings HashPort’s total funding to 2 billion yen ($14.2 million).
In step with the July 28 announcement, the funds will allow HashPort to consolidate industrial and stable a compliance management system and connected personnel to navigate the subtle world regulatory atmosphere for its growth. The HashPort ecosystem entails its namesake blockchain-connected consulting and system solution in Japan and HashPalette, a public chain specializing in nonfungible tokens (NFTs). The firm also will be scheduled to launch a metaverse game dubbed The Land Elf Crossing in the fourth quarter.