CoolBitX provides blockchain security solutions through its CoolWallet, a Bluetooth-enabled hardware wallet that securely stores various cryptocurrencies, and Sygna, a modular crypto compliance platform designed to help virtual asset service providers meet global regulatory requirements. These offerings address the need for secure digital asset management and compliance in an increasingly regulated cryptocurrency landscape.
Funding
$16.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SCFounders
Product
Problem
Securing digital assets and complying with evolving regulatory standards present significant challenges for both individual cryptocurrency holders and Virtual Asset Service Providers (VASPs). Hardware wallets can be cumbersome, while compliance platforms often lack modularity and ease of integration.
Solution
CoolBitX delivers blockchain security and compliance solutions through two core products. The CoolWallet is a credit-card-sized, Bluetooth-enabled hardware wallet that provides cold storage for a wide range of cryptocurrencies, including Bitcoin, Ethereum, and ERC-20 tokens, emphasizing user-friendly design without compromising security. Sygna offers a modular crypto compliance platform designed to assist VASPs in meeting global anti-money laundering (AML) regulations, featuring ease of use, robust Information Security Management System (ISMS) standards, and user data privacy.
Target Audience
The primary target audience includes individual cryptocurrency investors seeking secure storage solutions and Virtual Asset Service Providers (VASPs) needing to comply with global crypto regulations.
Features
- CoolWallet: A slim, Bluetooth-enabled hardware wallet for secure, on-the-go cryptocurrency storage.
- CoolWallet: Supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, and ERC-20 tokens.
- Sygna Bridge: A modular compliance platform for VASPs to meet global regulatory requirements.
- Sygna Bridge: Facilitates secure data transfer and communication between VASPs for Travel Rule compliance.
- Sygna Bridge: Offers customizable modules to adapt to specific regulatory needs and business workflows.