In a Series B funding round led by SBI Holding, CoolBitX collected $ 16.7 million additional. The supplier of wallets for the crypto-currencies as Bitcoin is now valued at $ 91 million.
The Japanese financial group SBI Holding, accompanied by the South Korean cryptocurrency exchange BitSonic, of National Development Fund of Taiwan and the Japanese financial company My ex, have invested in CoolBitX.
Founded in 2014 in Taiwan and already supported by SBI and Bitmain since 2018, CoolBitX has developed portfolios dedicated to crypto-scholarships and allowing them to comply with regulatory standards International.
With this latest round of funding, CoolBitX is now rated at $ 91 million, ”Commented the CEO of the startup, Michael Ou, on Bloomberg.
Released last year, the software solution Sygna Bridge of CoolBitX helps digital asset service providers, such as SBI, to comply with FATF guidelines aimed at combating money laundering more effectively.
The young shoot also develops physical crypto-wallets (hardware wallets), namely the Cool Wallet S which comes in credit card format.
As one of the first investors in CoolBitX, SBI Holdings is pleased to see the breakthroughs made by the CoolBitX team to advance the adoption of cryptocurrencies, "said Yoshitaka Kitao, Director of SBI.
CoolBitX will use the funds raised to open new offices in Japan and in Korea as well as to accelerate its development beyond the Asia-Pacific region.
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