Le Lézard
Classified in: Science and technology
Subjects: Product/Service, Funding, Share Issue

GVE, a Developer of a Central Bank Digital Currency Platform Has Increased Its Valuation to 224 Billion Yen

GVE Ltd. (Headquarters: Tokyo, CEO: Koji Fusa, hereinafter "GVE") on 19th January 2022, resolved at a board of directors meeting to receive funds through a Series D financing. This financing is to provide funds for further development. The funds will be raised by the issue of shares to existing shareholders, including E-SET LLC (Headquarters: Saitama Prefecture, Representative Director: Madoka Kato, hereinafter "E-SET") at pre-money valuation of 224.2 billion yen.

GVE is a DX platform company with global ambitions, founded to develop and operate a digital fiat currency platform, or Central Bank Digital Currency. Two of the founders, Susumu Kusakabe and Koji Fusa have brought their combined experience and knowledge together to design a multi-Central Bank Digital Currency (CBDC) platform. This is likely to reduce the cost of cross border payments by 99%.

GVE has become the focus of interest globally for the high level of security which it offers against potential cyber attacks from quantum computers and reduces power consumption, through eliminating the more than 100,000 cash transport vehicles in operation worldwide. This has attracted the interest of future-oriented countries, which are seeking to achieve carbon neutrality as quickly as possible.

GVE's platform enables the banks to offer narrow banking within the existing legal framework and offer together with the fractional reserve banking. Furthermore, the superiority of GVE's technology compared to other companies is recognised because it complies with the ISO / IEC 24643 international standard. This ensures the interoperability with existing legacy systems at the same time as maintaining the security integrity of the entire financial system.
In addition to the CBDC platform, as the omicron virus continues to spread, GVE has developed a "vaccine passport," which allows original vaccine records and PCR or other test results to be accessed in real time, eliminating counterfeit records.

Company name: GVE Ltd.
Residence: 13-1 Nihonbashi Kabutocho, Chuo-ku, Tokyo Kabutocho Kabuto Building Annex 4th floor
Representative Director: Koji Fusa
Homepage: https://gve.co.jp/en/

These press releases may also interest you

at 09:30
Benevity Inc., a leading provider of global corporate purpose software, today released results of a new survey measuring public sentiment on corporate philanthropy. The findings highlight a growing interest in and expectation of employees and...

at 09:25
CellChorus Inc., the leader in applying artificial intelligence to visually evaluate how thousands of individual cells perform and interact over time, announced the addition of Julien Bradley, CEO of RedShift BioAnalytics, as a member of its advisory...

at 09:25
Tyler Technologies, Inc. announced it has signed an agreement with the city of Harrisburg, Pennsylvania, for Tyler's Enterprise ERP solution, powered by Munis®. The solution suite includes financial, enterprise asset, and human capital management,...

at 09:25
Fusion Risk Management, Inc. ("Fusion"), the leader in operational resilience, business continuity, and risk management software and services, today announced that it is further strengthening its offerings to help technology and data service...

at 09:24
Balto, the #1 real-time guidance platform for contact centers, announces Industry Intelligence Playbooks, giving customers immediate access to proven conversation best practices that drive conversions, shorten time to value, and rapidly bring...

at 09:23
As both businesses and individuals continue to make significant decisions about their digital destiny, inappropriate data usage and bad data security can run rampant. Digital citizens and IT assets can be located anywhere and require cyber security...

News published on 21 january 2022 at 10:10 and distributed by: