What Soramitsu does

Soramitsu Co. Ltd. is a Tokyo-headquartered private blockchain technology company founded in 2016 by Makoto Takemiya and Ryu Okada. The company is the original developer and primary contributor of Hyperledger Iroha, a permissioned blockchain framework contributed to the Linux Foundation (now LF Decentralized Trust), and has also developed KAGOME (C++ Polkadot Host), Fuhon (C++ Filecoin), and the SORA ecosystem. Its technology stack is differentiated by C++ implementation optimized for performance-critical, embedded, and enterprise deployments, with Byzantine fault tolerant consensus, WASM-powered smart contracts, and event-driven architecture.

Name

Soramitsu

Legal name

Soramitsu Co. Ltd.

Website

https://soramitsu.co.jp

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Soramitsu is a Tokyo-based private blockchain technology company that develops permissioned DLT platforms, CBDC infrastructure, and Web3 products. It serves central banks, governments, and enterprises across Asia-Pacific and emerging markets, with deployed national payment systems in Cambodia and active PoCs in multiple Pacific Island and African nations.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure and Central Bank Digital Currency (CBDC) Solutions

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)

akta.pro secondary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Permissioned blockchain
• Central bank digital currency
• National payment systems
• Blockchain development services
• Decentralized finance infrastructure

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Blockchain Development Services: Custom blockchain development for governments, central banks, and enterprises. Includes CBDC systems, national payment platforms, and enterprise blockchain solutions.
2. Technology Licensing: Licensing of Hyperledger Iroha and related blockchain technologies to enterprises and institutions implementing blockchain solutions.
3. CBDC Infrastructure Partnerships: Long-term partnerships with central banks and governments for CBDC implementation and maintenance. Funded through government budgets and international development organizations.
4. Fraud Intelligence Blockchain: Joint venture with Orillion Solutions for telecom fraud intelligence blockchain. Telcos earn tokens through contributions and pay for premium access.
5. Open Source Contribution Grants: Funding from Web3 Foundation, Klaytn Improvement Reserve, and other blockchain foundations for open-source development.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

Soramitsu designs, builds, and operates permissioned blockchain infrastructure and national payment systems for central banks, governments, and enterprises, anchored by Hyperledger Iroha — a C++ permissioned blockchain framework it originally developed and contributed to the Linux Foundation. Its commercial offerings include end-to-end CBDC and real-time gross payment system deployments (Bakong, Bokolo Cash, Palau Invest), a multi-chain self-custodial DeFi wallet (Fearless Wallet), a decentralized exchange (Polkaswap), and supporting blockchain components (KAGOME, Fuhon, ADAR, Zenswap, Fraud Intelligence Limited), sold primarily through direct enterprise contracts, technology licensing, and long-term government partnerships.

Product overview

Soramitsu is an award-winning blockchain technology company offering a portfolio of products centered on Hyperledger Iroha, a permissioned blockchain framework it originally developed and contributed to the Linux Foundation. The core platform is complemented by multiple distinct products: Bakong (Cambodia's national CBDC payment system), Bokolo Cash (Solomon Islands CBDC), Palau Invest (blockchain-based savings bonds), Fearless Wallet (multi-chain DeFi wallet supporting 80+ networks), Polkaswap (DEX on SORA blockchain), Klaytn DEX (open-source DEX on Klaytn), KAGOME (C++ Polkadot Host), Fuhon (C++ Filecoin implementation), Byacco (campus payment system for University of Aizu), and ADAR (batch payment routing). The company also offers professional services including blockchain/Web3 development, DevOps/QA/security, corporate training, outstaffing, product design, and marketing/tokenomics support.

Differentiator

Problem solved

Functional benefit

Brands

• Bakong: Next-generation Real-Time Gross Payments System and CBDC for Cambodia, developed in collaboration with National Bank of Cambodia.
• Bokolo Cash
• Palau Invest
• Fearless Wallet
• Polkaswap
• Byacco
• Zenswap
• Fraud Intelligence Limited

Products and services

• Hyperledger Iroha 2 Permissioned blockchain framework with Byzantine fault-tolerant consensus, WASM-powered smart contract engine, and event-driven architecture; designed for simplicity, security, and flexibility in CBDC, cryptocurrency, DeFi, and enterprise applications. Customers include central banks, governments, and enterprises needing a permissioned DLT core.
• Bakong Next-generation Real-Time Gross Payments System and CBDC developed with the National Bank of Cambodia. Provides a unified platform for digital wallets, mobile payments, online banking, and financial applications, reaching approximately 10.9 million users and processing around $23 billion in payments in 2023.
• Bokolo Cash Blockchain-based CBDC platform developed for the Central Bank of Solomon Islands, enabling secure domestic and foreign payments with simulated cross-border transactions via a bridge to public blockchains. Named after traditional shell currency used in Solomon Islands.
• Palau Invest Blockchain-based digital savings bond system developed with the Government of Palau, allowing citizens to invest in national infrastructure projects through a mobile application.
• Fearless Wallet Multi-chain self-custodial DeFi wallet supporting over 80 blockchain networks, available as native iOS/Android mobile apps and browser extensions, with DeFi integrations for trading, staking, and asset management. Used by individual crypto users (250K+ users) and as a CBDC consumer wallet (e.g., Bokolo Cash).
• Polkaswap Decentralized exchange built on the SORA Substrate-based blockchain offering seamless asset trading within the SORA ecosystem, including bridges to Ethereum and Polkadot, staking, and farming products.
• Klaytn Open-Source DEX Open-source decentralized exchange infrastructure for the Klaytn blockchain, featuring fungible token swapping, staking, liquidity provision, token-based governance, and token minting.
• KAGOME C++ implementation of the Polkadot Host enabling Soramitsu projects to connect to the Polkadot ecosystem. Features include WASM interpreter, BABE/GRANDPA consensus, LevelDB storage, and C++ libp2p networking.
• Fuhon C++ implementation of the Filecoin protocol developed in collaboration with Protocol Labs, enabling alternative client implementation for the Filecoin network.
• Byacco Local digital payment system for the University of Aizu, Japan, based on Hyperledger Iroha blockchain technology. Enables cashless payments in cafeteria, bookstore, and peer-to-peer transfers via mobile app.
• ADAR Advanced Digital Asset Routing solution that simplifies recurrent batch payments for small and mid-size businesses, enabling cost-effective global supplier and employee payments on a recurring basis.
• Fraud Intelligence Limited Joint venture with Orillion Solutions providing shared fraud intelligence for telecom operators. Blockchain-based platform built on Hyperledger Iroha enables telcos to exchange intelligence about fraud schemes with token-based incentivization for contributions and subscription access for premium features.
• Zenswap Cross-chain liquidity platform developed as a joint venture with Analog, enabling seamless asset swaps across multiple blockchains using USDC-based routing and advanced interoperability technology.
• SORA Adaptive, non-debt-based monetary framework and decentralized economic system built to enable economic monetary stability for financially vulnerable countries. Forms the basis of products such as Polkaswap and cross-border payment integrations.

Quantifiable outcome

• Bakong reached 10.9 million users (66% of Cambodia's 16.7M population) in 3 years
• +3 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature8 records

Partnerships

22 partnerships are on record, tiered core and minor.

• National Bank of CambodiacoreStrategic or Co-development PartnerCollaboration on Bakong, the world's first blockchain-based CBDC and retail payments system. Bakong processes over $23 billion annually and serves 10.9 million users.
• Klaytn FoundationcoreStrategic or Co-development PartnerDevelopment of open-source DEX backbone for Klaytn network. Successful completion of DEX testnet and community release.
• Web3 FoundationcoreStrategic or Co-development PartnerGrant recipient for KAGOME C++ implementation of Polkadot Host. Partnership for Polkadot ecosystem interoperability.
• Hyperledger Foundation / Linux FoundationcoreStrategic or Co-development PartnerOriginal developer and main contributor of Hyperledger Iroha. Active maintenance and ecosystem development.
• Orillion SolutionscoreStrategic or Co-development PartnerJoint venture partner for Fraud Intelligence Limited, combating telecom fraud through blockchain-based intelligence sharing.
• Risk Assurance Group (RAG)coreStrategic or Co-development PartnerPartnership for RAG Fraud Blockchain development, enabling telcos to exchange fraud intelligence.
• Protocol Labs / FilecoinminorStrategic or Co-development PartnerDevelopment of Fuhon, C++ implementation of Filecoin protocol, as an alternative to Rust-based Forest implementation.
• Government of PalaucoreStrategic or Co-development PartnerDevelopment of Palau Invest blockchain-based savings bond system, enabling citizens to invest in national infrastructure.
• Japan Ministry of Economy, Trade and Industry (METI)coreGTM or Marketing PartnerMETI's 'Global South Future-Oriented Co-Creation Project' sponsors Palau and PNG initiatives. Partnership for emerging market expansion.
• Japan International Cooperation Agency (JICA)coreGTM or Marketing PartnerSupport for CBDC research in Laos and other APAC countries. Development organization partnership for project financing.
• Asian Development BankcoreStrategic or Co-development PartnerAsia-Pacific's first proof-of-concept test of cross-border multi-currency security settlement system using DLT.
• Bank of the Lao PDRcoreStrategic or Co-development PartnerCBDC Proof of Concept development for digital Lao kip, addressing financial inclusion and currency modernization.
• Central Bank of Solomon IslandscoreStrategic or Co-development PartnerBokolo Cash CBDC proof-of-concept for domestic and foreign payments, including cross-border remittance simulation via SORA network.
• Monetary Authority of SingaporecoreGTM or Marketing PartnerSelected as finalist in Global CBDC Challenge, participating in 8-week acceleration phase and Singapore FinTech Festival.
• Central Bank of Papua New GuineacoreStrategic or Co-development PartnerCBDC proof-of-concept development to address financial inclusion challenges and build common platform for Pacific Island region.
• Bank Central Asia (BCA) IndonesiaminorStrategic or Co-development PartnerIdentity verification system prototype using Hyperledger Iroha for KYC procedure cost reduction and faster customer onboarding.
• University of AizuminorStrategic or Co-development PartnerByacco blockchain-based local payment system for campus cafeteria and bookstore, first local digital coin in Japan.
• Central Banks of Fiji, Samoa, Tonga, VanuatuminorStrategic or Co-development PartnerRegional CBDC research and cross-border payment enhancement initiatives across Pacific Island nations.
• Nigerian Institute of Social and Economic Research (NISER)minorStrategic or Co-development PartnerStrategic partnership for blockchain technology research, capacity building, and application in Nigeria. Focus on SORA, CBDCs, and Hyperledger Iroha.
• Japan Blockchain Business CouncilminorGTM or Marketing PartnerProud member of industry association for blockchain business development in Japan.
• Global Blockchain Business CouncilminorGTM or Marketing PartnerProud member of global blockchain industry council.
• Fintech Association of JapanminorGTM or Marketing PartnerProud member supporting fintech innovation and collaboration in Japan.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stellar Development Foundation: Open blockchain network optimized for payments, remittances, and asset tokenization, with multiple central-bank and cross-border payment engagements. Comparable to Soramitsu in focusing on emerging-market payment inclusion and CBDC-adjacent corridors.
• R3: Enterprise blockchain platform (Corda) used by central banks, commercial banks, and capital-markets participants for tokenization, payments, and settlement. Directly competes with Soramitsu's Hyperledger Iroha in the same enterprise permissioned-blockchain RFPs and CBDC pursuits.
• Digital Asset: Creator of Hyperledger Fabric and the Daml smart-contract language; builds enterprise distributed-ledger solutions for capital markets, asset tokenization, and CBDC-adjacent infrastructure. Comparable to Soramitsu in targeting regulated financial institutions with permissioned DLT.
• Hedera Hashgraph: Enterprise-grade distributed ledger technology (Hashgraph consensus) used for tokenization, payments, and supply-chain applications. Competes with Hyperledger Iroha for permissioned enterprise DLT deployments in financial services and government.
• Bitfury Group: Enterprise blockchain and crypto infrastructure provider (Exonum framework, Crystal blockchain analytics). Comparable to Soramitsu in building and operating permissioned DLT platforms for governments and financial institutions, including CBDC-adjacent work.
• Circle: USDC stablecoin issuer and developer of enterprise blockchain rails for payments and tokenized money. Directly comparable to Soramitsu's ADAR batch-payments and CBDC-rail businesses in providing regulated digital-money infrastructure.
• Algorand Foundation: Permissionless Layer-1 blockchain (Algorand) widely used for CBDC and real-world-asset tokenization pilots (e.g., Marshall Islands, multiple state-level initiatives). Competes with Soramitsu for emerging-market CBDC and tokenization engagements.

Broad incumbents

• Consensys: Large Ethereum-focused blockchain software company offering infrastructure (Infura), wallets (MetaMask), Layer-2 (Linea), and enterprise tooling (Quorum/Tessera). Broader than Soramitsu but overlaps significantly in enterprise permissioned networks and CBDC / tokenization RFPs.
• Input Output Global (IOG / Cardano): Research-driven blockchain company building Cardano, used by governments and enterprises for identity, supply chain, and digital-currency applications. Comparable in targeting emerging-market and government clients, though with a broader public-chain positioning.

Others

• Fireblocks: Digital-asset custody, transfer, and settlement platform for institutional clients. Adjacent / enabling to Soramitsu's CBDC and payment-rail deployments, providing the custody and operational layer that central banks and partners often pair with permissioned DLT infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/soramitsu-co.-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soramitsu