venture capital

Hana Network Raises a Total of 900 Million Yen in Funding

Norbert Gehrke

22 Apr 2025 — 2 min read

Hana Network, which enables cryptocurrency and fiat currency transactions without the need for exchanges, has raised an additional 300 million yen from investors across different countries in April 2025 in preparation for its upcoming product launch, bringing the total amount raised to approximately 900 million yen.

Regarding the Funding Round

In previous funding rounds, Hana Network has received support from founders of prominent projects and multiple investors. Founders and core members of Orange DAO, Sushiswap, Alliance DAO, as well as a wide range of investors such as Dewhales and Tempo have participated.

Recently, Hana Network has also secured support from industry-backed investors including Mr.Block (Curve Finance) and Mod (Hyperliquid ecosystem).

Hana Network's Past and Future

Hana Network is a platform that aims to replace centralized exchanges by enabling transactions between cryptocurrencies and fiat currencies.

The casual game app "Hanafuda," launched in October 2024, has achieved a total of 500,000 users and 40 million deposits over six months, showing strong growth in emerging markets across Asia and Africa, particularly in India and Indonesia.

Moving forward, Hana Network plans to launch applications in phases (Phase 1, 2, and 3), with launches for Phase 2 and beyond scheduled within the next few months.

Chief Executive Officer Kohei Hanasaka said, "Traditionally, centralized exchanges (CEX) have occupied a dominant position in the industry as the gateway to cryptocurrencies. However, in the future, mobile interfaces with enormous user bases will become the new distribution channel for cryptocurrencies, replacing exchanges. Toward this future, Hana Network is preparing to launch a new mobile application for emerging markets in the near future, and we are very excited for the day we can make it public."

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