Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack

Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings.

U.S. startups look for Japanese partnershipsThe Block reported the startup's new funding on Aug. 22.

As part of the investment deal, Recruit, which is currently valued at $50 billion USD, is purchasing Blockstack's STACK tokens.

Blockstack PBC CEO and co-founder Muneeb Ali reportedly remarked that United States-based startups typically partner with businesses in Japan.

According to the report, Recruit's investment paves the way for Blockstack to expand into the Japanese market.

Blockstack's venture into AsiaAdditionally, the report notes that Blockstack received its first funding round from Asian investors recently.

"Asia is an important market for Blockstack, as Asian countries have arguably the most significant penetration for both crypto users and developers. The Asian strategic round led by Hashkey and SNZ marks a new chapter, and we're excited to expand our developer outreach and grow the Blockstack community and usage in Asia.".

Blockstack partners with Lambda SchoolAs reported by Cointelegraph, Blockstack announced a partnership with the Lambda School earlier this month.

Lambda School offers courses focused on practical skills, while Blockstack will provide educational services on how to code their apps.

Blockstack will offer an earning option through its App Mining Program.