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News Explorer — Mitsui & Co. Backs Animoca Brands to Collaborate on Blockchain Projects

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Jun 19, 4:10 pm
The Block

Mitsui & Co. Backs Animoca Brands to Collaborate on Blockchain Projects

Animoca Brands, a Hong Kong-based web3 startup, has announced a strategic partnership with Mitsui & Co. that includes an undisclosed investment from the Japanese conglomerate. The two companies will collaborate on projects that involve the application of blockchain technology in wellness and decarbonization, in addition to Mitsui's existing investments in tokenization initiatives. This partnership follows MUFG's $22.5m investment in Animoca's Japanese subsidiary.

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