Crypto project Beam backed by Japan-based Recruit Co

Posted 18 February, 2019

A company focused on human resources Recruit Co. has announced investments in the crypto project via the RSP Blockchain Tech Fund established in November.

According to the official statement published as of February 18, the number of tokenized settlement and exchange services is currently increasing, promoting the use of the blockchain for the corporate-related operations. 

"We recognized the growing importance of Exploring business opportunities in this field, and we established the new fund RSP Blockchain Tech Fund Pte. Ltd. with the aim of rapid investment in related startup companies," the company's post reads.

The Beam Development Limited has reportedly created a token which "provides a blockchain with a function that prevents the divulgation of transaction data to third parties and protects the user's transaction information".

Besides, the project team also announced last week that they planned to integrate Lightning Network into their cryptocurrency. 

The Japanese company agrees with regulators’ concerns about possible abuse of crypto opportunities and promises to support both technological and legal development of the segment.

The representative of Recruit refused to comment on the details and the amount of funds allocated for the project. RSP Blockchain Tech Fund capital is estimated at $25 million. The fund focuses on foreign projects using tokens in their models.

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18 February, 2019 17:19

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