STANDAGE formed a capital and business alliance with Tokio Marine & Nichido and NTT Data, and accelerates efforts to realize a new trade settlement mechanism. STANDAGE raises approximately 150 million yen through a third-party allotment of new shares.
STANDAGE Inc. (Head office: Minato-ku, Tokyo; President and Representative Director: Akinori Adachi; hereinafter “STANDAGE”) has raised a total of 150 million yen through a third-party allotment of new shares to Tokio Marine & Nichido (President: Shinichi Hirose, hereinafter “Tokio Marine & Nichido”) Fire Insurance Co and NTT DATA CORPORATION (President and Representative Director: Hiroshi Homma; hereinafter “NTT DATA”). With this financing, STANDAGE closed its Series A round, bringing the total amount raised to approximately 470 million yen. ▶Background and Purpose of Fundraising On December 27, 2021, STANDAGE announced that we will conduct a demonstration experiment to realize a new trade settlement mechanism that simultaneously exchanges digital currency (or crypto assets) […]