The company has been working on tokenization technology that combines the best of verifiable computing and multi-party computing, to apply it to corporate and institutional business lines.
Jiritsu, a pioneer in verifiable computing, recently announced that it has secured $10,2 million in funding to further the development of verifiable computing and computing solutions on blockchain. This round was led by gumi Cryptos Capital, with participation from Susquehanna Private Equity Investments, LLLP, Republic Capital and other investors.
This important financial support will accelerate The mission of this company, in order to revolutionize the generation of new blockchain solutions. In this case, the innovative Unlimited Verifiable Compute (UVC) technology that the company offers, shows us an easily programmable approach that can be applied to virtually any workflow and generates Proof of Work Flow (PoWF), establishing a new paradigm in verifiable computing.
Jacob Guedalia, CEO of Jiritsu, commented on the success of this round:
Securing this funding is a significant milestone for Jiritsu. It validates our vision and the innovative work we have been doing in the field of verifiable computing. The strong strategic value of our investors, who are leaders in real-world assets, further solidifies our position. We have delivered over 4 million PoWF and counting, our UVC technology is setting new standards in the industry.
Tomei RWA, Jiritsu Asset Tokenization and Verification
The main product benefiting from this round of funding is Tomei RWA. This is a tokenization platform that Jiritsu has been working on, which integrates verifiable computing and computing technology (via UVC) and zero-knowledge multi-party computing (ZK-MPC) technology. In this way, Tomei RWA offers unparalleled assurance in the management of digital assets through its proprietary certification system.
The platform employs zero-knowledge (ZK) attestations for secure and compliant asset onboarding, while providing granular, permissioned access to data. It further streamlines compliance by minting tokens tied to initial ZK attestations, and its dynamic consensus mechanism ensures accurate on-chain asset valuations.
Guedalia explains that:
In short, Tomei represents a game-changer for the asset management industry. We are excited to leverage the funding to accelerate the development and adoption of both the UVC platform and Tomei RWA.
Driving lateral blockchain development
In all this, gumi Cryptos Capital (gCC) has been vital. gCC is a boutique venture capital firm based in Silicon Valley, which since 2018, has supported some of the best builders in the industry, adding value through our entrepreneurial experience and global networks. Projects such as OpenSea, Agoric, YGG, 1inch, Hashflow and Lit, are some of the projects within the blockchain ecosystem that have been promoted by this firm.
In light of Jiritsu's technology, they have decided to participate by giving their vote of confidence in this technology focused on institutional actors interested in the generation of secure tokenization infrastructures. Miko Matsumura, managing partner of gumi Cryptos Capital, has commented the following about their participation in this round of investment:
Jiritsu has developed a technology platform for computer verification, an increasingly important infrastructure for the Internet. With the launch of Tomei, we believe the team has identified an excellent application for this platform.
Another of the actors who has supported this development is Republic Capital, who have participated in projects such as 1inch, Acala Network, DODO, Gnosis, and more than twenty projects related to cryptocurrencies and decentralized and institutional blockchain.
Brian Johnson, Senior Director at Republic Capital, commented:
We are thrilled to invest in this amazing team. We believe Jiritsu will be a major catalyst for the real-world tokenized asset space with its Verifiable Compute technology.
Other funds that participated in this round include Shima Capital, Susquehanna Private Equity Investments, LLLP, Comma3, Kestrel, Eterna, Kestrel, Sera Fund, Evernew, Polymorphic, Shima, Tokentus and other blockchain-native funds, further solidifying investors’ strong confidence in Jiritsu Network and its innovative solutions.
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