Startup Tangem announced it has received $ 15 million in funding from SBI Crypto Investment Ltd., a digital asset investment company managed by Japanese corporation SBI Holdings Inc.
According to the announcement, the investment of SBI Crypto Investment will help Tangem in achieving its goal of mass distribution of the blockchain technology. In particular, the startup intends to focus its attention on new industries that have increased data security requirements and are able to find use for digital assets on the blockchain. Such industries include cryptocurrency, stablecoins, initial coin offerings (ICO), tokenized asset placements (TAO), digital identification, anti-counterfeiting, etc.
We take the next big step on our mission to bring blockchain to people’s everyday life. In 2018, our technology was proven by the markets after we launched the mass production of Tangem cards for crypto currencies and tokens. With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which embrace the idea of physical distribution of blockchain assets.
8 months ago Tangem launched a pilot sales of real bitcoin banknotes with denominations of 0.01 and 0.05 BTC, which are intended to ensure the security of cryptocurrency storage and simplify the process of calculations with its use.