Satochip Announces Bridge Financing Prepares US Push
Satochip Announces Bridge Financing Prepares US Push
Satochip announces bridge financing as it prepares for a US push, expanding its open-source hardware wallets. Satochip secures funding from existing shareholders and new business angels.
Introduction to Satochip
Satochip SRL, a Belgium-based company, specializes in secure hardware solutions for digital asset self-custody. Founded in Belgium, Satochip develops open-source secure hardware wallets and smart card solutions, designed to give users full control over their digital assets.
Satochip's Products and Technology
Hardware Wallets
The company's flagship product, the Satochip, is a credit-card-form-factor hardware wallet equipped with an EAL6+ certified secure element that supports Bitcoin, Ethereum, and over 1,000 tokens and NFTs. It pairs with desktop wallets such as Sparrow and Electrum, as well as mobile apps, and requires no battery or screen—transactions are verified through connected software.
- Key features: open-source, secure, and supports multiple cryptocurrencies
- Benefits: gives users full control over their digital assets, secure, and transparent
Expansion into the US Market
The bridge round will support the company’s strategic expansion into the United States, enabling Satochip to establish a local presence and accelerate sales in one of the world’s largest digital asset markets. “The United States represents a critical market for the future of digital asset security,” said Bastien Taquet, co-founder of Satochip.
Key Takeaways
- Satochip announces bridge financing to support US expansion
- The company develops open-source secure hardware wallets and smart card solutions
- Satochip's products give users full control over their digital assets, emphasizing security, transparency, and sovereignty
- The US market is a critical market for the future of digital asset security
Frequently Asked Questions
What is Satochip's flagship product?
The Satochip is a credit-card-form-factor hardware wallet equipped with an EAL6+ certified secure element that supports Bitcoin, Ethereum, and over 1,000 tokens and NFTs.
Why is the US market important for Satochip?
The US market is one of the world’s largest digital asset markets, and establishing a local presence will enable Satochip to accelerate sales and support the company’s strategic expansion.
