Digital Asset Manager Hyperithm Raises $11M Funding in Round Led by Hashed
18 Aug, 2021•1 min read•Other
Hyperithm, a Tokyo-based digital asset management firm, raised $11 million in a Series B funding round co-led by South Korea’s Hashed and Wemade Tree, a subsidiary of the game company behind the Legend of Mir series.
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 VIP Research & Management, a South Korean asset manager with $20 billion under management and the venture capital firms owned by South Korean internet companies Kakao and Naver.