Japanese VC JAFCO Invests $15m in ICO Platform Developer Tech Bureau

JAFCO, one of Japan’s largest venture capital firms, has invested $15 million in Tokyo-based cryptocurrency solutions company Tech Bureau. Tech Bureau’s COMSA is a one-stop solution for Japanese companies seeking Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) funding.

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Combined with Infoteria Corporation’s $1 million investment in Tech Bureau’s Series B offering and other investments, Tech Bureau has raised over $25 million to develop and launch the first integrated ICO platform, COMSA.

COMSA builds off Tech Bureau’s mijin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term (a NEM protocol blockchain) and Zaif Bitcoin exchange platform.

“The recent clamp down of ICOs in various jurisdictions is stifling the fintech industry,” said Lon Wong, President of the NEM.io Foundation. “With a foresighted approach, Japan appears to be taking the lead in managing the growth of the cryptocurrency industry. Major venture capital companies are pouring in money, and the industry is well on its way to becoming a major economic force.”

In 2017, Tech Bureau expects four companies to launch ICOs of their own, while 30 companies are on a waiting list for deployment in 2018.

ICO council

To further expand ICO adoption and deployment, Tech Bureau has founded Japan’s first ICO council. The council draws expertise from banks, stock companies, a foreign exchange margin trading company, an audit firm, two law firms, and over fifteen technology companies.

They aim to introduce the ICO process as a pragmatic fundraising method with guidelines to secure the success of both token sellers and buyers.