Cryptocurrency Startup Becomes Japan’s 2nd Billion-Dollar Tech Unicorn

Liquid.com, a Japan-based cryptocurrency platform, announced the successful closure of its Series C fundraising round, which saw the company achieve a total valuation of over US$1 billion — making it one of only two tech unicorns in the country’s startup industry. It took Liquid less than five years to achieve this prized $1 billion title. Series C funds will be used for the purposes of global expansion and product development. Liquid’s Series C investment round was spearheaded by IDG Capital and Bitmain Technologies, one of the world’s largest (and most controversial) makers and users of cryptocurrency mining rigs. The former company is already invested in Coinbase, Ripple, Bitmain, and Kakao’s cryptocurrency company, while the latter has recently invested in ErisX, a derivatives-and-crypto asset trading platform with goals to gain a license from the Commodity Futures Trading Commission. Bitmain co-founder Jihan Wu, who recently stepped down as CEO after a dismal…

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