Blockchain Security Company CoolBitX Raises USD $16.75 Million Series B Funding Round
Investment round was led by SBI Crypto Investment Co., Ltd., with Monex Group, BitSonic, and the National Development Fund of Taiwan in participation
CoolBitX, a blockchain security company that is building the infrastructure necessary to close the gap between the mainstream market and crypto industry, announced today that it has closed USD $16.75 million in its Series B funding round, led by Japan’s financial group SBI Holdings, with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex. With this funding, CoolBitX lays down its strategy for 2020: Having rooted its market dominance in Asia, CoolBitX is expanding the Sygna product line’s presence beyond the APAC region as the first-to-market FATF-compliant solution for virtual asset service providers (VASPs) around the world. Regarding bluetooth enabled hardware wallet CoolWallet S, CoolBitX continues to innovate its flagship product with focus on top-of-the-line security, functionality, and usability.