HYPERITH Co., Ltd.
Hyperithm Joins Astar Japan Lab, Aiming to Maximize Business Opportunities in Japan for Astar / Shiden Network, Aiming to Create Further Examples
~ Supporting the spread of Astar / Shiden Network in Japan and corporate transactions ~
HYPERITHM Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Lloyd Lee; hereinafter referred to as “our company”) has established “Astar I joined Japan Lab. This organization is a voluntary group of businesses and communities involved in the development of Astar / Shiden, aiming to support the spread of Astar / Shiden in Japan and expand business using the Astar / Shiden Network. ■ About Astar Japan Lab
Astar Japan Lab actively investigates and researches necessary information, aggregates knowledge, and exchanges opinions in Japan for businesses involved in service development and business creation using Astar / Shiden Network, further developing the Astar economic zone. was established with the aim of
For an overview of Astar Japan Lab, please check the website below. Astar Japan Lab Official Page: https://japan.astar.network/
Contact form: https://forms.gle/t99q2EAPUHSwww7Z7
Please also sign up for our newsletter to receive future update information: https://astarjapan.substack.com/about
■What are Astar Network and Shiden Network?
Astar Network is a Layer1 blockchain aiming to become a dApps Hub on Polkadot, founded by Sota Watanabe. Polkadot aims to solve blockchain interoperability challenges and by its design does not support smart contracts and cannot build dApps directly on Polkadot. In that respect, Astar supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM), creating an environment that makes it easy for developers who were developing Ethereum and Web Apps to develop dApps.
Shiden Network is also connected to the Kusama Network, an
experimental network that is 1/10th the size of the Polkadot Network, allowing dApps development to benefit from the security of the Kusama Network.
Astar web page: https://astar.network/
Shiden web page: https://shiden.astar.network/
Astar Network is a public blockchain from Japan and one of Polkadot’s parachains that focuses on connecting different blockchains. Astar Network features dApps Staking, a unique feature that expands the ecosystem by incentivizing developers to build product infrastructure that enriches the ecosystem. In addition, it currently supports EVM, and in the future, it will provide the best solution for developers by becoming a parachain where EVM and WASM smart contracts can coexist and communicate with each other.
■ About Hyperithm Group
Since our founding in January 2018, we have been developing a crypto asset wealth management business targeting institutional investors based in Japan and South Korea. In Japan, we have completed
notification of special business for qualified institutional investors, etc., and in South Korea, we have completed notification of crypto-asset business equivalent to Japan’s crypto-asset exchange business. In March 2022, we raised funds from Coinbase Ventures in a Series B bridge round. From May 2022, we have started operating the first bitcoin-denominated fund in Japan based on special business for qualified institutional investors. In June 2022, we announced the establishment of a 10 billion yen Web3 fund with the aim of
revitalizing the Web3 ecosystem.
Company name: HYPERITHM Co., Ltd.
Representative: Representative Director Lloyd Lee
Head office location: 1-6-1 Otemachi, Chiyoda-ku, Tokyo Otemachi Building 4th floor, inside FINOLAB
Established: January 2018
Number of officers and employees: 30 (including affiliated companies) Overseas base: South Korea
Company HP: https://hyperithm.jp
Details about this release: