According to PR TIMES, HashPort, a Japanese Web3 start-up company, has completed over 1.2 billion yen (approximately US$8.9 million) in Series C financing. Japan’s Sumitomo Mitsui Banking Corporation, UTEC No. 6 companies participated in the investment, including investment business limited liability portfolio, MS スタートアップ support investment business limited liability portfolio, and TSVF1 investment business limited liability portfolio. Foresight News previously reported that on July 22, 2022, Japan’s Sumitomo Mitsui Financial Group (SMBC) announced plans to cooperate with Japanese Web3 startup HashPort to develop an ecosystem around Web3 and NFT, including promoting Web3 in Japan.