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Japan
2016 (10 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Soramitsu
Company Information
Get to know Soramitsu
Founded in 2016, Soramitsu is a global financial technology company with expertise in developing and implementing blockchain solutions. The company is the original developer of the open-source Hyperledger Iroha blockchain platform, which is now part of the Linux Foundation's Hyperledger Project. Soramitsu's mission is to use blockchain to create a more efficient and secure financial system. It is renowned for its work on Central Bank Digital Currencies (CBDCs), notably co-developing the Bakong payment system for the National Bank of Cambodia, and is also involved in developing decentralized finance (DeFi) projects like the Polkaswap decentralized exchange.
Industry
Review Analytic
azeezmikaheel11
Direct
Excellent
Overall Thought
One of the most impressive aspects of Soramitsu is their commitment to open-source technology. They have developed several open-source blockchain platforms, including Hyperledger Iroha and Edy, which are available for anyone to use and contribute to. Soramitsu's team is made up of experienced professionals with a deep understanding of blockchain technology and its potential. They work closely with their clients to understand their specific needs and develop customized solutions that meet their requirements.
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