Tech Bureau Corp, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs pledged over $9M investment in COMSA’s ICO. Nippon Technology Venture Partners, FISCO Capitals and ABBALab Inc will invest in COMSA ICO tokens and XEM. COMSA, a complete Initial Coin Offering fundraising and cross-chaining platform built on the NEM blockchain protocol, is meant to streamline cryptocurrency funding and cross-chain transactions.
“The participation of not one but three VCs is testimony of their trust in the acceptance and viability in raising capital using cryptocurrencies. 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 technology powered businesses,” indicated Tech Bureau CEO Takao Asayama. “COMSA is a one stop shop solution for token creation and exchange.”
COMSA aims to address current uncertainties held by the ICO process by offering a “streamlined process” of token offering, sale and distribution, and subsequently listing on an exchange on one efficient platform. To date the platform touts over 30K sign ups and 16,000 white paper downloads.
“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,” stated NEM.io Foundation President Lon Wong . “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.”
NEM.io Foundation was in the news earlier this week when the creator of the P2P NEM blockchain platform providing payments, messaging and asset making, announced a sponsorship deal with Lithuanian basketball club Lietuvos Rytas.
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