Tangem Raises US$15M in Funding

TangemTangem, a Tokyo, Japan-based producer of blockchain smart card wallets, raised US$15M in funding.

SBI Crypto Investment Ltd., a digital asset venture investment company wholly owned by SBI Holdings Inc., made the investment.

The company intends to use the funds to accelerate the deployment of its technology in other industries where the secure storage and circulation of blockchain assets has the highest potential:
– Cryptocurrencies and stable coins
– ICO / TAO token distribution
– Ticketing
– Anti-counterfeit
– Digital identity
– Retail loyalty and promotions

Led by Andrey Kurennykh, co-founder, Tangem has developed Smartcard-based NFC wallets for crypto currencies and blockchain assets and is now involved in we extending its product offering in other industries interested in physical distribution of blockchain assets.



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