DeCurret Holdings has raised Yen 6.35 billion ($45m) in funding from 13 firms. The Internet Initiative Japan (IIJ) remains the largest shareholder, and is also part of the first use case for DCJPY, the tokenized deposit platform created by DeCurret DCP. Six of the backers are banks or have stakes in banks, including MUFG, SBI and GMO. The rest provide IT consulting or solutions, including household names Fujitsu and Hitachi. This implies they see an opportunity to help clients to integrate with DCJPY and the digital transformation solutions it enables.
DCJPY went into production two weeks ago with a use case similar to a tokenized renewable energy certificate. IIJ tokenizes the asset and sells the tokens to its server hosting clients, with settlement using DCJPY.
DeCurret’s last major funding was in 2021 when it raised $62 million from nine firms. At that stage, apart from the digital currency unit it also owned a crypto exchange. It sold the exchange in 2022 to Amber Group. Following the crypto slump, Amber sold it to Sony last year, and the exchange was recently rebranded to S.BLOX.
Now DeCurret has a total of 43 investors. MUFG, SBI, KDDI and TIS were existing investors alongside IIJ, which we believe was a founding investor. The full list of investors in the latest round are: SBI Holdings, Hitachi, SHIZUOKA BANK, TIS, NSD, Fujitsu, KDDI, MUFG Bank, Higo Bank, Kagoshima Bank, GMO Financial Holdings and ABeam Consulting.
