Blockchain startup Blockstack PBC has recently confirmed that they have received a strategic investment from Japanese human resources giant Recruit Holdings.
Recruit Holdings is one of Japan’s biggest Japanese internet companies with large acquisitions of people focused on businesses like Glassdoor ($1.2 billion) and Indeed ($1 billion).
We’re thrilled to announce that Recruit Holdings has made a strategic investment in the Blockstack network.
Recruit is a global tech conglomerate whose investment will help introduce the Stacks blockchain & Blockstack dev toolkit to the Japanese market. https://t.co/JvlVzMpAN5
— Blockstack (@blockstack) August 22, 2019
Recruit Holdings is a Tokyo-based company that specializes in HR and recruitment services. Also, the company provides information services to help people discover opportunities for life. Their global network spans worldwide, including Asia, the U.S., and Europe.
Blockstack PBC is a public benefit corporation focused on pushing the decentralized Blockstack computing network forward. The privacy-centric network is pioneering applications that return online data ownership to consumers.
Recruit Strategic Partners, the investing team who led the investment stated:
“Blockstack was an obvious choice for our next investment via the RSP Blockchain Tech Fund. We are constantly looking to uncover the most innovative, new technologies and business models, with the goal of increasing awareness of this technology in Japan. We are excited to support the expansion of Blockstack’s developer base, as the team continues to accelerate the growth of the Blockstack ecosystem.”
Blockstack PBC CEO Muneeb Ali added:
“We believe that the world is moving from cloud computing to decentralized computing and with this strategic investment we plan to explore use cases ofBlockstack in the different cloud verticals that Recruit operates in.”
This is another big news for Blockstack in just a couple of months. Just last month, the United States Securities and Exchange Commission (SEC) permitted Blockstack to make a $28 Million offering under Regulation A+.
This was the first of its kind offering that gives crypto-based businesses an alternative to an IPO through an entirely new fundraising template.
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