Hyperithm, a Tokyo, Japan and Seoul, South Korea-based digital asset manager, raised funding from Coinbase Ventures as a follow-on investment in a bridge round.
The amount of the deal was not disclosed.
Founded in January 2018, Hyperithm offers digital asset management and brokerage service dedicated to institutional investors and high net-worth individuals. The company recently acquired VASP (Virtual Asset Service Provider) license from Korea Financial Intelligence Unit and completed the notification as an operator of SPBQII (Specially Permitted Businesses for Qualified Institutional Investors) to the Financial Services Agency in Japan.
Co-founded by an ex-Morgan Stanley investment banker and a serial entrepreneur, Hyperithm boasts an engineering talent pool of International Math Olympiad medalists. In March, the company appointed an ex-Managing Director of Mirae Asset Global Investment – the largest investment bank in Korea – as the CFO, strengthening its management leadership.