AAA HashPort courts blockchain startups with accelerator

HashPort courts blockchain startups with accelerator

Japan-based blockchain technology provider HashPort has co-founded an accelerator subsidiary called HashPort Accelerator with Mai Fujimoto, chief executive of industrial investment firm Grecone.

HashPort was founded as blockchain-oriented investment firm R3 Ventures before pivoting to focus on assurance, consulting and accelerator activities when it rebranded in May this year.

The accelerator will support blockchain projects from outside Japan that intend to enter the country, assisting with fundraising and localisation activities including public relations, community management, investor relations and administrative procedures related to new cryptographic assets.

Fujimoto has joined Hashport Accelerator as chief acceleration officer, while HashPort chief executive Seihaku Yoshida is its CEO.

Yoshida said in a statement that the implementation of virtual currency and blockchain regulations in Japan have attracted top-level international projects, but that many have based their strategies on incorrect information.

HashPort Accelerator has partnered other crypto funds in the region, such as South Korea-based Hashed as well as BlockVC and Queschain Capital, both of which are headquartered in China, to identify deals.

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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