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CoolBitX has raised $16.75 million in a Series B funding cycle led by Japan’s SBI Holdings Inc. CoolBitX is a Taiwan based blockchain security company that offers services to help crypto exchanges abide by more rigid international standards for the collection of user information.
The Chief Executive Officer Michael Ou stated in an interview that after the latest funding round, CoolBitX is currently valued at $91 million.
A press release by CoolBitX gives the names of the other participants involved in the fundraising which includes Japan’s Monex Group Inc., the National Development Fund of Taiwan, and Korean crypto exchange BitSonic.
Yoshitaka Kitao, SBI’s CEO said in a press release,
Primarily, CoolBitX provides two main services one of which is a physical wallet, named, CoolWallet S, used to send and receive crypto tokens. The other provided service is a software solution, Sygna Bridge helps firms that trade-in digital assets to follow the new guidelines provided by the Financial Action Task Force regarding money laundering.
Ritu Lavania is a dedicated Web3 content creator with over 3+ years of experience in the crypto space. She is...Ritu Lavania is a dedicated Web3 content creator with over 3+ years of experience in the crypto space. She is part of the team at CryptoMoonPress, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.
