Quoine is pleased to announce the successful completion of their Series A funding round, raising up to US$20 million, led by Japan's largest venture capital firm, Jafco.
Our fundraising has come at a crucial time for the digital currency industry in Japan, as the Japanese government recently passed a bill that officially recognizes and regulates digital currency exchanges. This new law provides clear regulatory guidelines and a framework toward full legitimacy of digital currencies.
We will use the funds to ensure that QUOINE will be among the first regulated exchanges in Japan when the rules come into effect in 2017.
QUOINE has gone from strength to strength since its founding in 2014. Following on from significant growth in 2015, 2016 has seen QUOINE introduce ETH trading and BTC futures trading.
Mike Kayamori recently became CEO of QUOINE, bringing with him a wealth of experience as a senior vice president at Softbank where he managed investments, partnerships and operations in Asia.
Another key appointment has been Ken Mazzio, who joins QUOINE as Head of Compliance and Information Security. Having previously held senior roles at Merrill Lynch, Barclays and ANZ, Ken is well placed to assist QUOINE in navigating the challenging regulatory landscape in Japan.