Blockchain technology platform Mijin receives 670 million yen in venture capital

On April 28, 2016, Mijin, a private blockchain technology development platform, received 670 million yen (about 6.26 million U.S. dollars) of venture capital raised by Tech Bureau of Japan through a company equity issuance. This venture capital will mainly be used for the overseas expansion of private blockchain technology.

One of the main uses of funds:

Strengthen the trading functions of Bitcoin exchange Zaif and upgrade its customer support and security systems.

Build and expand industry scenario simulation labs based on Mijin, a private blockchain technology development platform

Establish support bases for Mixun in domestic and overseas locations, etc.

Another important use of funds:

Rapidly complete the overseas expansion of Mijin Blockchain. Complete the coverage expansion based on 4 bases in Japan, Europe, the United States, and Russia.

Although Bitcoin exchange Zaif is still the main business of Tech Bureau, Tech Bureau General Manager Takao Asayama has made it clear that he will be committed to the development of private blockchain technology Mixun in the future. His recent speech on cooperation with multiple corporate units has also attracted much attention from the market (see related reports). In particular, the conclusion that "Mixun can be used for bill settlement" drawn from the actual test of Sumitomo SBI Internet Bank a week ago has attracted the attention of the entire industry.

“The applications of blockchain technology are far beyond what we see now. In the near future, blockchain technology will be widely used in the fields of finance, real estate, art trading, etc., changing the way we communicate and trade, and surpassing our original cognitive limits.” The establishment announcement of the Blockchain Promotion Association (BCCC) on April 25 is still fresh in people’s memory.

In the current blockchain technology field, there are only a few qualified leaders in the world! Currently, Tech Bureau and other Japanese companies are among the top ten, which means that Japan is already far ahead in the field of blockchain application technology!

The companies participating in this venture capital round are as follows:

Alala, Infoteria, Asteria Warp, Japan Technology Venture Partners (NTVP), Hiroshima Venture Capital, Faisco, Money Partners Group, etc. We have formed strategic business partnerships with the above companies in the areas of Bitcoin-related services and blockchain technology.

The cooperation contents are as follows:

Alala: e-money service repica

Importing Xixun in point+plus

Infoteria Data Cooperation Middleware

Developed the Xixun adapter for ASTERIA WARP

Asteria Warp develops and applies the user authentication package product of Mixun. Import blockchain into the queue of supporting systems.

Faisco jointly developed blockchain technology applications for market intelligence delivery systems. Provided Zaif technology to subsidiary ConsenSys.

Money partners group processes bitcoin for top-up cards issued by Tech Bureau