LINE Messenger Invests $10 Mln in Token Venture Fund

Home / LINE Messenger Invests $10 Mln in Token Venture Fund

The Japanese messaging giant announced a launch of token venture fund, which has a capital commitment of $10 million. The $10 million capital is solely provided by LVC Corporation, another subsidiary of the LINE group. This move is part of LINE’s wider push into the cryptocurrency space and comes just a month after it officially started the operation of its cryptocurrency trading platform called Bitbox.

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