The crypto trading platform identified as the latest crypto unicorn in April of this year. It was backed by Bitmain and IDG Capital in a funding round that. Funding Round closes’s valuation at $1 Billion.

The firm is owned by Japanese cryptocurrency exchange Quoine. However, it announced back in April that with the closing of the Series C round, its “over $1 billion” valuation makes it “one of only two tech unicorns in Japan’s startup space.”

Also, did not disclose the amounts invested by IDG Capital and Bitmain. IDG Capital led the round.

Funding Round closes’s valuation at $1 Billion. The company said that the funds will be put to support a move into the security token market. As well as global expansion and product development.

Mike Kayamori, CEO:

“Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it.” 

Venture capital firms, including JAFCO, SBI, B Dash Ventures and ULS Group have previously raised more than $20 million, according to Liquid. It said it raised more than $100 million in a “pre-discounted” and “regulated” initial coin offering (ICO), in 2017.

Jihan Wu, the Bitmain co-founder, said:

“Japan is one of the leading nations in putting the crypto industry under proper regulations, and Liquid Group has proven itself to be the exemplary player within such compliant rules.”

IDG Capital has invested in:

  • Coinbase
  • Circle 
  • Ripple 
  • Other crypto startups including KuCoin and imToken

Bitmain has invested in: 

  • Circle
  • Other portfolio firms include derivatives and digital asset trading platform ErisX and EOS developer Block. One.


Leave a Reply

Please Login to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of