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Asian Digital Asset Manager Hyperithm Raises $11M
Hyperithm said it is seeing growth in the institutional market for digital assets in East Asia.
Hyperithm, a Tokyo-based digital asset management firm, raised $11 million in a Series B funding round that was co-led by South Korea's Hashed and Wemade Tree, a subsidiary of the gaming company behind the "Legend of Mir" series.
STORY CONTINUES BELOW
- Other participating investors in the round included Coinbase Ventures, Cocone, GS Futures and the Guardian Fund, Hyperithm said in an email.
- Founded in January 2018, Hyperithm operates in Tokyo and Seoul and specializes in automated trading and risk management through cryptographic algorithms.
- The firm said it is seeing growth in the institutional market for digital assets in East Asia.
- It serves institutional investors, publicly listed companies, family offices, venture capital companies, crypto exchanges and miners.
- Previous investors have included South Korea's VIP Research & Management and the venture capital firms owned by South Korean internet companies Kakao and Naver.
Read more: South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
