Cryptocurrency wealth management Hyperithm raises 1.2 billion yen from domestic and foreign investors in Series B round

HYPERITHM,  a Tokyo-based digital asset management firm, has raised 1.2 Billion Yen, led by Hashed and Wemade Tree in the Series B Funding round, with Cocone, Coinbase Ventures, Guardian Fund, GS Futures, and US investors. 

With this capital increase, the corporate valuation amounted to approximately 12.2 billion yen, and global institutional investors from the United States, Singapore, South Korea, etc. have joined as shareholders.

■ Background of Financing Since
Their founding in January 2018, have been developing a wealth management business for crypto assets for institutional investors and high net worth individuals based in Japan and South Korea. In Japan, they operate a crypto asset lending service by private placement.

As of the end of June 2021, their AUM (Assets Under Management) has increased more than 25 times compared to the previous year, and more than 50 corporations in Japan and overseas, including listed companies, family offices, venture capital, cryptocurrency exchanges, and mining companies.

With this financing, they will secure excellent human resources in the crypto asset area and strengthen the organizational foundation, and at the same time, we will not only lend services but also the crypto asset exchange business to develop domestic brokerage business etc. We will also proceed with the registration procedure. In addition, we plan to maximize capital efficiency of standby funds by conducting proprietary trading.

■ About Hyperithm
Hyperithm is convinced that the “era of managing crypto assets” will surely come beyond the “era of investing in crypto assets” and aims to become a “management window for crypto assets for institutional investors.” A total of 20 members are mainly composed of serial entrepreneur and co-founder from Morgan Stanley Investment Banking Division, as well as an International Mathematical Olympiad Medalist from Seoul National University in Korea. The entire trading and risk management process is automated and operated through algorithms developed in Rust, a multi-paradigm programming language designed for performance and stability.

▶️ HEADLINES