Tangem manufactures smartcard wallets that utilize a secure microchip to generate and store non-extractable private keys offline, ensuring protection against hacking and unauthorized access. The wallets provide a user-friendly solution for managing cryptocurrencies, eliminating the need for seed phrases and enhancing self-custody for both novice and experienced users.
Funding
$23M 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.
Founders
Product
Problem
Managing cryptocurrency private keys can be complex and risky, especially for new users, often requiring the use of vulnerable seed phrases. Traditional hardware wallets can be cumbersome, requiring charging and complex setup procedures.
Solution
Tangem offers a smartcard crypto wallet that utilizes a secure microchip to generate and store non-extractable private keys offline, providing a secure and user-friendly solution for managing digital assets. The wallet eliminates the need for seed phrases, simplifying the self-custody process. Users can tap the card to their smartphone to initiate transactions, with the chip generating a random private key offline during activation. A set can contain up to three cards, each providing equal access, enhancing security and recovery options.
Target Audience
The primary target audience includes both novice and experienced cryptocurrency users seeking a secure, simple, and convenient solution for self-custody of their digital assets.
Features
- Secure microchip (Samsung S3D232A) with EAL6+ security certification, offering protection against invasive and non-invasive attacks
- Generation and storage of non-extractable private keys offline
- Slim, card-like form factor that is water, dust, and temperature resistant
- Firmware attestation to protect against counterfeit cards
- Optional access code protection against unauthorized access
- Mobile app to track prices, analyze tokens, swap, buy, and sell cryptocurrencies
- Support for thousands of cryptocurrencies