Tech Bureau, a Tokyo-based fintech and cryptocurrency solutions developer, today announced an investment of over $9 million by Japanese VCs in COMSA’s Initial Coin Offering (ICO). COMSA is its ICO fundraising and cross-chaining platform built on the NEM blockchain protocol.

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“The participation of not one but three VCs is testimony of their trust in the acceptance and viability in raising capital using cryptocurrencies. We are confident that more mainstream businesses will join the fray as they begin to take cryptocurrencies seriously as a means to broaden their investment portfolio into the nascent blockchain technology powered businesses,” commented Takao Asayama, CEO of Tech Bureau, Corp. “COMSA is a one stop shop solution for token creation and exchange.”

“The COMSA project is a timely project in that it is happening at time where there is a need for a mechanism to streamline ICOs. With the development of the COMSA platform, we are now creating a whole new paradigm where capital can be raised with VC participation,” commented Lon Wong (Lon) President, NEM.io Foundation. “What we hope to see in the future is how Security Exchange Commissions of the world will learn from this initiative, recognize it, and allow securities to be listed using cryptocurrencies. I believe COMSA has what it takes to lead, set the precedence, and make this accepted as a way forward for publicly listed companies in the near future.”

On Monday Lon talked with Finance Magnates about the recent NEM developments including the COMSA ICO.