Japanese VC Funds Invest $9m in NEM-Powered ICO Platform COMSA

Tech Bureau, a Tokyo-based fintech and cryptocurrency solutions developer, today announced an investment of over $9 million by Japanese VCs in COMSA’s Initial Coin Offering (ICO). COMSA is its ICO fundraising and cross-chaining platform built on the NEM blockchain protocol.

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“The participation of not one but three VCs is testimony of their trust in the acceptance and viability in raising capital using Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. We are confident that more mainstream businesses will join the fray as they begin to take cryptocurrencies seriously as a means to broaden their investment portfolio into the nascent Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology powered businesses,” commented Takao Asayama, CEO of Tech Bureau, Corp. “COMSA is a one stop shop solution for token creation and exchange.”

“The COMSA project is a timely project in that it is happening at time where there is a need for a mechanism to streamline ICOs. With the development of the COMSA platform, we are now creating a whole new paradigm where capital can be raised with VC participation,” commented Lon Wong (Lon) President, NEM.io Foundation. “What we hope to see in the future is how Security Exchange Commissions of the world will learn from this initiative, recognize it, and allow securities to be listed using cryptocurrencies. I believe COMSA has what it takes to lead, set the precedence, and make this accepted as a way forward for publicly listed companies in the near future.”

On Monday Lon talked with Finance Magnates about the recent NEM developments including the COMSA ICO.