Naver led a $25m Series B round in TBCASoft.

Naver, a South Korean development conglomerate, led a $25m Series B round in TBCASoft, the cross-carrier blockchain technology company, with participation from SoftBank. Proceeds of the Series B will be used to step-up international expansion of the HIVEXTM Network, starting from the roll-out across Northeast Asia including Japan, South Korea and Taiwan, followed by Southeast Asia, and will also be used to attract additional talent and drive more innovations.