Huobi Japan Raises $4.6 million From Tokyo-Listed Financial Services Firm

Huobi Japan has received almost 500 million yen ($4.6 million) in investment from a Tokyo-listed company involved in leasing, real estate, insurance brokerage and mergers and acquisitions.

According to releases from the company and the investor, Financial Products Group (FPG) purchased 499,968,000 yen worth of shares from the Japanese subsidiary of Singapore-incorporated Huobi Asset Investments on Oct. 25.

FPG said it bought into the company because of its prospects, as Huobi Japan will be developing solutions related to virtual currencies and payments, and the two may plan to collaborate on projects related to tokenization of the securities market, given FPG’s expertise in finance and real estate.

Read more on Coindesk.com

 

 

Post a Comment