CoolBitX, a Taipei, Taiwan-based blockchain security company, raised USD $16.75M in Series B funding round.
The round was led by SBI Crypto Investment Co., Ltd., with participation from Monex Group, BitSonic, and the National Development Fund of Taiwan.
The company intends to use the funds to expand its product line’s presence beyond the APAC region.
Founded in 2014 by Michael Ou, CEO, CoolBitX Technology Ltd. (CBX) is an international blockchain security company that is building the infrastructure necessary to close the gap between the mainstream market and crypto industry. The company provides solutions for the blockchain industry in order to foster the mass adoption of virtual assets through its two product lines: CoolWallet S and Sygna. CoolWallet S is a credit card-sized hardware wallet that allows for Bluetooth-enabled pairing with users’ mobile phones. The Sygna line of regulatory compliance products are tailored toward Virtual Asset Service Providers (VASPs), simplifying the process for VASPs to meet the compliance standards of the traditional financial industry and improve the reputation of the virtual currency industry.