Shinsei Bank and OKWAVE Invest 767,500 USD in Tech Bureau

Shinsei Bank and OKWAVE Invest 767,500 USD in Tech Bureau

The very first investment from a major Japanese commercial bank in a cryptocurrency/blockchain solutions company

TOKYO – November 2, 2017 — Today Tech Bureau, a blockchain and cryptocurrency solutions company, announced that Shinsei Bank, a leading Japanese bank that provides a full range of financial products and services, and OKWAVE, the first and largest Q&A social community in Japan, have invested in Tech Bureau.

After Tech Bureau launched the Zaif cryptocurrency exchange in the spring of 2015, the private blockchain product mijin swiftly followed in the fall of 2015.
In 2016, Zaica, a token issuance service for corporations, and Zaif started to handle tokens as an exchange. The very 2nd ICO in Japan was for “BitGirls”, a TV show.

August 3, 2017, Tech Bureau announced its launch of COMSA, an integrated ICO solution and platform for enterprises that want to adopt blockchain technology and launch an ICO at the same time. The first token for sale on the platform is the CMS token (issued by Tech Bureau itself, ending November 6, 2017 ) and it has sold USD 87 million in the first 25 days of its month-long run.

The COMSA concept was conceived more than 2 years ago, and now it represents the ultimate integration of all products and services that Tech Bureau has to offer. Currently, Tech Bureau is raising funds from a bank as part of a Series B issuance to accelerate business growth and expansion.

Investment breakdown:

  1. Shinsei Bank – USD 460,500
  2. OKWAVE – USD 307,000 (Second investment)

The total investment, from seed to series B, in Tech Bureau amounts to USD 22.1 million.

Fundraising purpose:

  • Expand business and increase headcount.
  • Expand and improve Zaif cryptocurrency exchange infrastructure and services
  • Build “mijin CloudChain,” BaaS (blockchain as a service) cloud service
  • Expand mijin licensing and mijin CloudChain sales worldwide
  • Grow its US, European, and Asian business bases
  • Invest in new businesses, M&A
  • Merge existing financial services with Tech Bureau’s technology and services

 

“ICO and blockchain technology is considered to be in conflict with existing financial infrastructure with its widespread and long-time use and deep experience. However, the implementation of the new technologies is not for the purpose of destroying existing financial institutions, but a tool to get a huge first mover advantage and surpass competitors. Tech Bureau’s solution is not something to be removed from the marketplace because banks view it as a danger, but it is a new weapon for them, one that uses existing things together. Shinsei Bank invests in the cryptocurrency and ICO solution company, Tech Bureau, as it understands this point,” said Takao Asayama, CEO of Tech Bureau, Corp.

 

Proceeds from the sales of CMS tokens on COMSA will be invested separately in system development of COMSA itself to expand its services and operations as outlined in the COMSA white paper.

 

About Shinsei Bank

Please see the URL: http://www.shinseibank.com/english/

About OKWAVE

Please see the URL: https://www.okwave.co.jp/about/en/

About Tech Bureau Group

Tech Bureau, a fintech and cryptocurrency group company in Japan, the U.S., and Europe, develops software and services for blockchain technology. Tech Bureau has developed mijin, a private blockchain software, and Zaif, a Bitcoin and cryptocurrency exchange platform.

Tech Bureau recently launched a one-stop solution “COMSA” that provides companies with consultation, expertise and solutions to support their very own ICOs and implement blockchain technology into their business practices.

For more information, please see the following URLs:
COMSA – https://comsa.io/en/
Zaif® – https://zaif.jp/
mijin® – http://mijin.io/en/

 

Press contact Tech Bureau: Fujita / pr@techbureau.jp / +81-6-6533-2230

* All product and company names herein may be trademarks of their registered owners.

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