Japanese internet giant Recruit Holdings makes strategic investment in Blockstack

Blockstack PBC has received a strategic investment from $50 billion Japanese tech giant Recruit Holdings, according to The Block. As part of the deal Recruit will purchase STACK tokens which are also being sold through a qualified SEC offering in the U.S. According to Blockstack CEO and Co-Founder Muneeb Ali,

"Japan is a very interesting market for crypto because it has clarity around regulations. It is legal to own and trade crypto assets, but only those whitelisted by the regulators.”