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Payments Startup Omise Joins Wave of Digital-Coin Fundraising

Omise, a Bangkok-based startup backed by Japan’s SBI Investment, plans to raise as much as $16 million selling digital tokens as it builds a new payment service based on blockchain technology.

Prospective investors can use ether, the digital currency linked to Ethereum, to gain the tokens, which will give them a share of fee revenue from the Omise Go payments platform the company is developing. The so-called crowdsale, which works in a similar way to crowdfunding, will kick off in May and the new payments service is scheduled for the fourth quarter, Chief Executive Officer Jun Hasegawa said.