Jiritsu

About Jiritsu

Jiritsu operates as a decentralized protocol and Layer 1 blockchain platform, focusing on bridging traditional financial assets with the digital world through tokenization. Founded in 2020 by Jacob Guedalia, David Guedalia, and Asher Gottesman, the company is headquartered in Los Angeles. The founding team brings a wealth of experience; Jacob and David are serial entrepreneurs with multiple startup exits and over 100 U.S. patents combined, with academic backgrounds in applied physics, neural computation, and computational geography. Asher Gottesman contributes over two decades of experience in private equity. Their collective background in AI, distributed computing, and cryptography informs the company's core mission.

The firm's primary offering is a platform for verifying and managing real-world assets (RWAs) on the blockchain. It serves financial institutions, asset managers, and crypto-native projects by providing tools to create, manage, and verify tokenized assets. The business model centers on enabling secure and compliant asset tokenization, taking processes typically handled by traditional auditing firms and moving them onto the blockchain. This is achieved through its proprietary technology stack which includes a Zero-Knowledge Multi-Party Computation (ZK-MPC) oracle and Unlimited Verifiable Compute (UVC) technology. This allows for the private and secure verification of off-chain data—such as asset valuation and compliance—without exposing sensitive details. The system generates cryptographic "Proofs of Workflow" that serve as an immutable record on the blockchain.

Jiritsu's Layer 1 blockchain, which functions as an Avalanche subnet, is specifically designed for RWA tokenization and management. The platform provides an end-to-end solution ensuring that digital tokens, like ERC-20 RWA contracts, are only minted or burned when backed by sufficient, verified assets. This process enhances the liquidity and transparency of traditionally illiquid assets. A significant milestone was achieved in September 2023 when Jiritsu secured $10.2 million in a Series A funding round led by gumi Cryptos Capital, with participation from firms like Susquehanna and Republic Capital, to accelerate the development of its UVC and RWA platforms.