The game and blockchain company Gumi Inc. in Tokyo is reinforcing its commitment to cryptocurrency by making Bitcoin and XRP fixed assets on its balance sheet. After a fundraising round of 38 million USD with SBI Securities, the company established a Digital Asset Vault, converting its corporate funds into operating assets instead of holding passive cash.
Approximately 13.5 million USD from the new funding round will be used to purchase Bitcoin and XRP, supplementing the 6.7 million USD BTC previously invested in staking for yield. Bitcoin is seen as a stable foundation, providing liquidity and protecting against inflation, while XRP serves as a bridge for payment innovation, leveraging RippleNet and SBI Ripple Asia for cross-border transactions.
This move aligns with the Japanese trend as banks and fintech explore digital assets, with the digital yen project and the potential for crypto ETFs being brought under the same legal framework as stocks and bonds.
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Gumi Inc. strengthens crypto strategy with Bitcoin and XRP on the balance sheet
The game and blockchain company Gumi Inc. in Tokyo is reinforcing its commitment to cryptocurrency by making Bitcoin and XRP fixed assets on its balance sheet. After a fundraising round of 38 million USD with SBI Securities, the company established a Digital Asset Vault, converting its corporate funds into operating assets instead of holding passive cash.
Approximately 13.5 million USD from the new funding round will be used to purchase Bitcoin and XRP, supplementing the 6.7 million USD BTC previously invested in staking for yield. Bitcoin is seen as a stable foundation, providing liquidity and protecting against inflation, while XRP serves as a bridge for payment innovation, leveraging RippleNet and SBI Ripple Asia for cross-border transactions.
This move aligns with the Japanese trend as banks and fintech explore digital assets, with the digital yen project and the potential for crypto ETFs being brought under the same legal framework as stocks and bonds.