It was discovered that Liquid Group , the parent company of QUOINE , which provides financial services utilizing blockchain technology, raised approximately ¥ 1 billion from China’s bit main and US investment fund major IDG Capital .
As a result of this procurement, the value of the company value at the time of procurement reached $ 1 billion (approximately 110 billion yen), becoming a unicorn company.
The Liquid Group is aiming to raise billions of yen in funding from the funds raised to system development and entry into the STO (Security Token Offering) business .
Consisting of elite people who have been active in large companies in the past, QUOINE operates a cryptographic asset exchange “Liquid by QUOINE” based on the ecosystem currency, QASH (cash).
STO, which issues stocks and bonds on a blockchain, is drawing attention as a technology to reduce the cost of issuing securities .
In addition to streamlining the securities issuance process, STO is expected to benefit from market round-the-clock, eliminating barriers to entry for foreign investors , and improving liquidity through fragmentation of asset ownership .
Although the details of the “STO business” that Liquid Group will develop in the future have not been disclosed, the focus may be on securities issuance platforms and exchange services for the secondary market.
There is no company that has officially launched an STO business in Japan so far, but it can be said that there is a big advantage in QUOINE, where the Financial Services Agency and executives of major financial and IT companies serve as external audit committee members. It will be.
Article Source: Nihon Keizai Shimbun
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/quoine-raises-1b-yen/
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