[Press_Release] Wemade Tree Announces Strategic Investment In Hyperithm, Asia’s Leading Digital Asset Financial Services Firm
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Wemade Tree Announces Strategic Investment In Hyperithm, Asia’s Leading Digital Asset Financial Services Firm
- Anticipating the growth of the digital asset market for institutions in East Asia, Wemade Tree is setting the stage
- Wemade Tree plans to invest aggressively in digital asset firms going forward
On May 11, Wemade Tree, a blockchain subsidiary of Korean game company Wemade (KOSDAQ: 112040), announced strategic investment in Hyperithm, a digital asset financial services firm. Through its blockchain platform WEMIX, Wemade Tree has been exploring various blockchain projects including games, digital wallets, decentralized exchanges, and NFTs, as well as constantly investing in digital assets.
Founded in January 2018, Hyperithm is the first and largest digital asset financial service provider in Korea, currently serving more than 50 institutional clients in the US, Japan, Korea, Singapore, and the Middle East. The key members of Hyperithm are Mathematical Olympiad medalists from Seoul National University and Postech. Its most recently launched brokerage business serves global public companies, venture capitals, and major digital asset exchanges. With Wemade Tree’s investment, Hyperithm’s valuation is recognized at 105 million USD.
“We recognize Hyperithm’s presence as a leading digital asset financial service firm with the longest track record in Korea,” said Shane Kim, CEO of Wemade Tree. “Additionally, the institutional digital asset market in East Asia will follow similar growth trends to those in America, thus leading us to invest in the future of digital assets. Our focus on digital asset finance will stay intense and more investment will follow.”
“We aim to lower barriers to entry in order to encourage more institutions to participate in the digital asset market,” said Sangrok Oh and Lloyd Lee, Co-CEOs of Hyperithm. “Wemade Tree’s blockchain platform WEMIX will fully support our company goals.”
WEMIX is Blockchain Gaming Platform developed by Wemade Tree Pte. Ltd, providing services including Cryptocurrency Wallet, Token Exchange, Game Item Trade and Game Gateway. Wemade Tree Pte. Ltd is subsidiary of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
Current servicing games are <BirdTornado for WEMIX>, Legend of Mir IP game <CaiShenChuanqi for WEMIX> can be found in WEMIX Gaming platform.
Upcoming WEMIX Games Lineup, soon to be launched are following : <Cryptornado for WEMIX>, <Fishing Strike for WEMIX>, <AquaTornado for WEMIX>, <WIND Runner for WEMIX>, <Abyssrium for WEMIX>, <Icarus M for WEMIX>, <Candy Pang for WEMIX>, <Everytown for WEMIX>, <My Secret Bistro for WEMIX>, <Touch Fighter for WEMIX> and <Chuanqi Mobile for WEMIX>.
WEMIX Official Telegram Link :