The Venture Codex

Participated · Equity · Jul 2019

DeCurret provides financial services involving transactions and settlements of digital currency and operates a virtual currency exchange service. The company positions itself as the “Main Bank of Digital Currency” and intends to extend its services beyond virtual currency to broader digital currency use. DeCurret is developing a new settlement platform designed to enable real-time, direct exchange of value with superior traceability, aiming to reduce social costs and invigorate economic activity. To accelerate that development it is acquiring corporate partnerships and strengthening its development system. Following a private placement that raised ¥3.4 billion, the company’s capital (including capital reserve) stands at ¥8.63 billion. Founded in January 2018 and based in Chiyoda-ku, Tokyo, DeCurret is an equity-method investee of Internet Initiative Japan and is a member of the Japan Virtual Currency Exchange Association.