Japan’s DMM Crypto Secures Funding, Eyes ‘Global Expansion’
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
The Japanese crypto exchange operator DMM’s blockchain gaming and NFT arm DMM Crypto says it has received funding from Neoclassic Capital and others as it eyes “global expansion.”
Per a DMM press release and a report from the Japanese media outlet CoinPost, the firm said that it had also “entered into a new global strategic partnership” with the Singapore-based quantitative trading company and liquidity provider Presto.
Neoclassic, based in Florida, in the United States, headed the latest strategic funding round. The parties did not disclose how much money had been invested.
DMM called the move a new “strategic partnership.” It claimed this would be a “major step in expanding DMM Crypto’s services” and “accelerating” its “global expansion.”
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