DeCurret.Inc

NEWS

DeCurret raised funds through a third-party allocation of new shares totaling 6.7 billion yen

2021.03.23

DeCurret, a “Main Bank for Digital Currency”, raised funds through a third-party allocation of new shares totaling 6.7 billion yen

For full-scale development of a digital currency platform

DeCurret Inc. (HQ: Chiyoda-ward, Tokyo Japan; President & CEO: Kazuhiro Tokita, hereinafter “DeCurret”) has signed investment agreements for a total of 6.7 billion yen (payment: March 26, 2021) with a total of 10 companies, including Internet Initiative Japan Inc. as the largest shareholder, KDDI CORPORATION, NTT Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., JAPAN POST BANK Co., Ltd., SOHGO SECURITY SERVICES CO.,LTD., Mitsubishi Corporation, SBI Holdings, Inc., and SECOM CO., LTD.

 

Background

Aiming to be a leading company in digital currency in Japan, we have been actively working on the realization of digital currencies since June last year, serving as the secretariat of the Digital Currency Study Group and its successor, the Digital Currency Forum (currently with more than 55 participating companies). Moves toward the realization of digital currencies are expanding globally, including the issuance of central bank digital currencies (CBDCs) and cryptoassets whose value is backed by legal tender. We have decided to increase our capital to develop a digital currency platform and further strengthen our partnership with companies to realize the world of digital currencies.

 

Purpose

The funding will help accelerate the business by strengthening the development organization of a two-tiered digital currency platform that enables the realization of digital currencies issued by private sector, and the implementation of company-specific smart contracts, as well as a blockchain-based platform for exchanging various digital values.

 

【Investing Companies】 *: existing shareholders

Internet Initiative Japan Inc. *

(Investing 30%, 2 billion yen as the largest shareholder)

KDDI CORPORATION *

NTT Corporation

Sumitomo Mitsui Banking Corporation *

MUFG Bank, Ltd. *

JAPAN POST BANK Co., Ltd.

SOHGO SECURITY SERVICES CO., LTD. *

Mitsubishi Corporation

SBI Holdings, Inc.

SECOM CO., LTD.

【DeCurret】Raised-funds-through-a-third-party-allocation-of-new-shares.pdf