Japanese internet giant Recruit launches $25m SG-based blockchain fund

Recruit Holdings CEO Masumi Minegishi

Recruit Holdings, the Japanese internet giant that acquired jobs and recruiting portal Glassdoor for $1.5 billion last year, has quietly launched a $25-million Singapore-based fund that seeks to invest in blockchain-related startups, according to a company announcement.

The Japanese HR and consumer-information provider said it established the fund – RSP Blockchain Tech Fund – in November 2018 to invest in “promising startup companies” with the aim of discovering new technologies and new business models. The fund, it added, will primarily invest overseas

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