Blockchain tech firm Jiritsu secures $10.2 million to develop verifiable computing

Quick Take

  • Jiritsu also unveiled its asset tokenization platform Tomei RWA.

Jiritsu, a blockchain company focusing on verifiable computing, raised $10.2 million in total across two funding rounds.

In a statement shared with The Block, Jiritsu said the funding was led by gumi Cryptos Capital, with participation from Susquehanna Private Equity Investments, LLLP, Republic Capital and other investors.

Founded in 2020, Jiritsu has developed technologies such as Unlimited Verifiable Compute (UVC), aiming to offer an easily programmable approach that can be applied to any workflow and generates Proof of Workflow, the company said.

Jacob Guedalia, chief executive officer of Jiritsu, said that the fresh funding “validates our vision and the groundbreaking work we’ve 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,” Guedalia added. “We’ve delivered over 4 million PoWF and counting, our UVC technology is setting new industry standards.”


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Tokenization focus

Jiritsu also unveiled today its asset tokenization platform — Tomei RWA. The company said that the Tomei platform offers assurance in asset management through its proprietary attestation system.

“The platform employs Zero-Knowledge attestations for secure and compliant asset onboarding, while also providing granular, permissioned access to data,” the company said in the statement.

Guedalia said the company plans to use the new capital to “accelerate the development and adoption of both the UVC platform and Tomei RWA.”

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Timmy Shen is an Asia reporter for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.


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