Japanese mobile game developer Gumi launches a cryptocurrency investment fund

30 May 2018

GumiGumi, a developer of mobile games such as Brave Frontier and Final Fantasy: Brave Exvius, announced the launch of its own cryptocurrency investment fund with a $30 million capital that will be focused predominantly on digital currencies and blockchain technologies.

The fund, Gumi Cryptos, will be managed by Hironao Kunimitsu, a founder and CEO of Gumi, and Miko Matsumura, a founder of Evercoin digital asset exchange. In a separate report it was mentioned that advisory services associated with the fund establishment were provided by White & Case LLP.

Kunimitsu was cited as saying that they took a decision to incorporate their own investment fund in a move to have direct access to early-stage blockchain and cryptocurrency startups, thus, being more efficient when partnering with them and making a significant impact on the market dynamics.

According to Matsumura, cited by another report, the fund will be investing both in equity and tokens. He said that being strongly interested in early stage companies, they will be making investment in equity and tokens sold by game technology startups, as there is a strong connection between the gaming industry and cryptocurrency area. Matsumura also noted that the fund will be bringing startups outside of Japan to the Japanese market.

The list of the early projects, where the fund makes its investments, includes Basis, Origin Protocol, Robot Cache, and Pryze.

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