Swiss startup Tangem, a hardware wallets producer, managed to attract $15 million investments from SBI Crypto Investment Ltd run by Japanese corporation SBI Holdings Inc.
The company stated that the received funds will be used to boost the achievement of its major goal – promotion of the blockchain technology. The startup is going to focus on new industries that have high data security requirements and are able to make use of digital assets based on the blockchain, stablecoins, initial coin offerings (ICO), tokenized asset offerings (TAO), digital identification, etc.
"We take the next big step on our mission to bring blockchain to people's everyday life," says Andrey Kurennykh, co-founder of Tangem in the press release.
Some 8 months ago Tangem launched a pilot sale of bitcoin notes worth 0.01 and 0.05 BTC, aiming to ensure the security of cryptocurrency storage and simplify calculation processes.
President and CEO of SBI Holdings Inc. Yoshitaka Kitao believes that Tangem's hardware wallets are highly secure and affordable, thereby they are a rather important tool to distribute digital assets and promote the blockchain. He also stresses that the cooperation will favour both parties since Tangem will surely bolster demand for other blockchain services that SBI provides.
The company plans to keep focusing its investment activities on the projects that are connected with digital assets.