CERES INC. Advances into Crypto Lending Space

CERES INC. (JP:3696) has released an update.

CERES INC.’s subsidiary, Mercury, has formed a business alliance with Mitsui & Co. Digital Commodities to initiate a novel crypto asset lending venture, leveraging digital commodities like Zipang Coin to create a token economy. The service, which begins on July 3, 2024, aims to offer an inflation hedge and income generation through the lending of crypto assets that are pegged to the value of traditional commodities such as gold, silver, and platinum. This move aligns with the company’s broader strategy to expand its point service system and integrate blockchain technology to enhance social economic activities.

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