TechFlow News — TradeWaltz, a blockchain-based trade collaboration platform, has secured 1.65 billion yen (approximately $11.76 million) in funding led by Sumitomo Corporation. With this round, the company’s total raised capital reaches 5.65 billion yen. The newly acquired funds will be used to strengthen its business operations and development infrastructure.
Launched in November 2020, TradeWaltz has received joint investments and government support from industry, academia, and public-sector entities including NTT Data, Mitsubishi Corporation, Tokio Marine & Nichido Fire Insurance, MUFG Bank, Sompo Japan, Marubeni Corporation, and the University of Tokyo Ventures. The platform leverages blockchain to digitize applications required for trade procedures. As of March 2023, it has served over 50 paying customers. Companies connected via API no longer need to handle paper-like documents, achieving more than 44% improvement in operational efficiency.
TradeWaltz enables trade-related applications on blockchain and enhances efficiency through application programming interfaces (APIs). Its services include value-added features such as tracking cargo location and digital currency payments.
