Kakao's blockchain unit raises $90m in private coin offering

Kakao's blockchain unit raises $90m in private coin offering

Lights illuminate USB cables inside a 'mining rig' computer, used to mine cryptocurrency, in Budapest, Hungary, on Wednesday, Jan. 31, 2018. Photographer: Akos Stiller/Bloomberg

Kakao Corp.’s crypto unit raised $90 million through a private coin offering and is planning another round targeting a similar sum starting March 12, as it gears up to launch its blockchain platform in June.

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