Japanese financial giant Credit Saison launches investment funds for physical asset startups

PANews September 16th news, according to The Block, the venture capital division of Japanese financial giant Credit Saison will launch the blockchain investment fund Onigiri Capital. The fund is $50 million and aims to build an institutional-level bridge between innovation in the United States and mature blockchain and financial networks in Asia, helping the founders create global financial products. According to a spokesperson, Onigiri, supported by Saison Capital, has raised $35 million through "Co-Investment by Credit Saison and External Investors", with a maximum fund limit of $50 million and can also absorb additional funds. The fund will focus on early start-ups in the real-world asset field, covering the construction of financial infrastructure such as stablecoins, payments, tokenization, and DeFi, with particular attention to connections with Asia. Credit Saison is a large financial services company in Tokyo, linked to Mizuho Financial Group, is Japan's third largest credit card issuer, and is also involved in multiple fields. Its venture capital department has invested in cryptocurrency companies since 2023.