• Fri, 20 Sep 2019, 06:11 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings

Fri, 23 Aug 2019, 07:21 am UTC

Blockchain startup Blockstack PBC has scored a strategic investment from Recruit Holdings, a Japanese human resources giant with a $50 billion market cap.

Under the deal, Recruit Holdings will be purchasing Blockstack’s STACK tokens. Blockstack’s native asset was the first offering to get qualifications from the U.S. Securities and Exchange Commission (SEC).

As per a press release, the partnership aims to introduce more decentralized technology in Tokyo. Their corporate governance aims to ensure “transparency, appropriateness, and effectiveness of management to promote the sustainable increase of corporate value,” which aligns to the community-oriented approach of Blockstack.

We believe that the world is moving from cloud computing to decentralized computing and with this strategic investment we plan to explore use cases of Blockstack in the different cloud verticals that Recruit operates in,” Muneeb Ali, Blockstack PBC CEO, said.

The proceeds will be used to work on platform development and expand Blockstack’s sales activities.

We are excited to support the expansion of Blockstack’s developer base, as the team continues to accelerate the growth of the Blockchain ecosystem,” Recruit Strategic Partners, the investing team who lead Recruit, said.

In an interview with The Block, Ali said Blockstack plans to “reach Japanese developers through Recruit’s help and introduce our developer libraries and technology to them.” He revealed that the announcement is accompanied by a Japanese version of its white paper.

When asked why Blockstack PBC chose Asia as its next market, Ali said that “Asia is arguably the largest market for crypto.” Specifically, he described Japan as a “very interesting market” for cryptocurrencies because of its clear regulations. “It is legal to own and trade crypto assets, but only those whitelisted by regulators.

Last month, the SEC has also given Blockstack a go signal to conduct a $28 million digital token offering under Regulation A+. This marked the first token offering approved by the commission and the first time investors received token instead of company shares.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • victoriafacio733
  • 2019.08.24 11:04:36
Please I think genuine recovery consultant do not advertise themselves. I am not used to 
writing reviews but because of my personal experience it is only nice of me to share. people 
need to be warned and knowledgeable about binary options before investing. I lost my life 
savings to this and I’ve always wonder why the Government have refused to put a sanction on 
these unregulated scums. 
Well, truth is I was lucky to meet mr Alex who is an expert in financial fraud and asset 
recovery, He’s a consultant with Wealth recovery International and also own a tech company that 
runs forensics on cybercrime. Very trusted and reliable, He helped me recovered all my 
investment from recover btc. If you need help to recover your money, CONTACT:recbtc17 at g mail dot com. OR TEXT/WHATS APP +15187224413
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $10,147.30 (+0.91%)
  • Ethereum (ETH) $216.58 (-1.81%)
  • XRP (XRP) $0.289800 (-4.34%)
  • Bitcoin Cash (BCH) $313.72 (-1.12%)
  • Litecoin (LTC) $74.38 (-3.10%)
  • Bitcoin (BTC) $10,147.30 (+0.91%)
Sep 20, 2019 (Friday)
14:09
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
14:08
Crypto Technicals: LTC/USD Technical Analysis Summary
12:44
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:57
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
10:17
Coinbase considers listing 17 new digital assets including Kadena and Telegram
10:08
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
09:56
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
08:41
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
07:01
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
06:22
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
06:22
Bank of America joins blockchain-based trade finance network Marco Polo
05:25
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
05:14
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
05:09
Crypto trader Genesis acquires Qu Capital to bolster trading technology
04:30
Crypto Technicals: IOT/USD Technical Analysis Summary
03:43
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
03:40
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
03:37
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
03:34
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft