Tangem is a crypto firm that is a leading provider of secure hardware wallet solutions that are designed for safekeeping and management of digital assets. The firm’s mission is to empower crypto users with the ability to take control of their digital wealth with emphasis on security, ease-of-use and flexibility. The firm’s innovative products have garnered interest from investors and customers therefore, subsequently driving the company’s continued growth and success.
In the latest investment round, the firm has announced that it has secured $8 million in a round that was led by Shima Capital – a web3 venture capital firm founded in 2021 by Yida Gao. The funding round also saw contributions from additional investors and comes at a time when the firm is experiencing tremendous growth as a hardware developer. The proceeds of the financing round are therefore, set to propel the firm to the next level.
Andrey Kurennykh, the CEO of Tangem, is enthusiastic in the wake of this successful funding round that will help the firm accelerate its growth and deliver enhanced solutions foe secure digital asset management. He also noted that the firm sees great potential in its technology as it is set to evolve into a self-custodial asset storage experience as there in rising demand for more users to own and control their own funds and digital assets.
With the new capital, Tangem is set to expand its product offerings and firmly root itself as a leader in the hardware wallet space by offering easy-to-use hardware wallets with the highest level of security.
Several industry leaders have lauded Tangem’s initiative among them Yida Gao who also doubles as Shima’s managing general partner. Mr. Gao expressed his enthusiasm in leading the round for Tangem which is poised to acquire rapid adoption. Another industry leader, SBI Digital Asset Holdings – a subsidiary of the Japanese SBI Group and key investor in the first round, has also expressed its satisfaction with the deal while lauding Tangem’s cutting-edge technology and its integration into payment networks as highly promising. The statement from SBI Digital Asset Holdings was led by its CEO, Fernando Vazquez.
Tangem prides itself as the facilitator of the safest crypto wallet for everyone as it lets individuals store their digital assets in a secure and easily accessible manner while keeping their private keys securely contained in their cards. The firm also runs an ultra-secure backup scheme where users can connect up to 3 cards to one wallet so that they can be able to access their accounts and transact even if the main card is stolen, lost or damaged. The firm’s infrastructure is multi-chain and supports thousands of currencies among them Bitcoin and Ethereum. The firm’s products are also DeFi compatible as they can connect to more than 100 different decentralized applications and exchanges where Tangem Card holders can exchange, buy NFTs, make loans and deposits.
