Wemade’s blockchain-specialized subsidiary Wemade Tree announced on the 11th that it has made a strategic investment in’Hyperism’, a cryptocurrency asset management company.
Hyperism was established in January 2018 as the first institutional cryptocurrency asset management company in Korea. Currently, cryptocurrency is entrusted and operated by customers of more than 50 institutions in the US, Japan, Singapore, and the Middle East, including large domestic companies and qualified investors.
Wemade Tree explained that Hyperism was recognized for its corporate value of about 120 billion won (about 11.5 billion yen) through the issuance of common stock.
Seok-Hwan Kim, CEO of Wemade Tree, said, “In the field of cryptocurrency-related financial services for institutions, we noted that hyperism is the industry’s No. 1 with the longest track record. We decided that the growth of the market will appear in Korea sooner or later, and we made investments preemptively,” he said.
Based on its own blockchain platform, WEMIX, WeMade Tree is actively promoting various blockchain businesses such as blockchain wallets, decentralized exchanges, blockchain games, and NFT markets.
