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Recruit Announces Investment In Blockchain Company COTI Through Funding Arm RSP.
In an announcement released through its website, Japan-based Recruit will invest in COTI, the next generation blockchain provider. The investment will be coordinated through Recruit’s RSP funding division. With a $50 billion market cap, the news represents another major investment by Recruit into the blockchain technology field through its Blockchain Tech Fund.
Recruit, as a global enterprise and technology leader, uses the investment fund to participate and help in blockchain technology startups with real value platforms. The company has seen genuine use cases arise for blockchain related payment processing solutions like COTI and is confident of seeing a shift in the industry in this direction.
Read more at Benzinga.
Photo: Moyan Brenn