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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.
Updated Sep 14, 2021, 1:41 p.m. Published Aug 18, 2021, 11:50 a.m.
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.
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- 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
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