Japanese Web3 startup HashPort plans to complete a 900 million yen (about 7 million US dollars) Series C financing round through a third-party allotment, with Sumitomo Mitsui Banking Corporation and UTEC No. 4 Investment Business Limited Liability Union (a fund operated by the University of Tokyo’s Edge Capital Partners) as underwriters.

The new financing will be used to strengthen corporate consulting business and invest in NFT business using Japanese IP.

According to reports, HashPort has been committed to the research and development of blockchain technology since 2018. Its subsidiaries include HashPort, which conducts blockchain-related consulting and system solution business, HashPalette, which conducts NFT-related business, and HashBank, which conducts financial infrastructure business. (CoinDesk Japan)