Business Expanding CoolBitX Ltd., a Taiwan-based Fintech company offering products to build secure and user-friendly blockchain and crypto-asset solutions, establishes a Japanese subsidiary in Tokyo – Sygna Inc.

Jan 10, 2023

Sygna Inc.’s Taiwanese parent company, CoolBitX Ltd.External site: a new window will open. , was established in 2014, and it develops and sells CoolWallet (Note), the world's first smartphone-linked cold wallet, that can store and manage virtual currencies, through its engagement in innovation and development of blockchain security technologies. The company aims to promote crypto-assets as a mature investment market like securities and funds, and provide security for everyone to invest by preserving crypto-assets. Furthermore, in August 2021, it was the only blockchain company selected as “NEXT BIG” of Startup Island TAIWAN, a startup brand supported by the National Development Council, which is responsible for Taiwan’s economic policy. To date, more than 300,000 units of CoolWallet have been sold in 80 countries worldwide (as of 2021), holding the world’s top 3 share in the cold wallet market, and protecting more than 20 billion dollars in crypto-assets.

  1. (NOTE)

    Hardware cold wallet that can securely manage crypto assets

Establishment
2020/02
Destination
Tokyo
  • ICT
  • Taiwan

The Company provides technology solutions for the rapidly changing crypto-asset industry and users, including CoolWallet, a credit card-sized hardware wallet that can be paired with users’ mobile devices via Bluetooth, as well as Sygna, a compliance solution that simplifies the process for virtual asset service providers (VASPs) to comply with financial industry regulations.. The company has Common Criteria for Information Technology Security Evaluation (ISO15408) and is expected to take the lead in security and promote the spread of crypto-assets.

In March 2018, the company partnered with SBI Holdings, Inc. It also raised 16.57 million dollars (about 1.85 billion yens) in a series B round in February 2020 with SBI Holdings as the lead investor. And in February 2020, Sygna Inc. was established in Tokyo aiming to support regulatory compliance for the crypto-asset industry as part of the company’s new regulatory compliance business for the Japanese market.

To assist with establishing the company’s Japanese base, JETRO's Invest Japan Business Support Center (IBSC) provided consultations (labor, FinTech).

cold wallet”CoolWallet”

CoolWallet Pro is card-sized and can be linked to mobile devices via Bluetooth

The company has been selected the only blockchain company as “NEXT BIG” of Startup Island TAIWAN

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