Tangem, a smart banknote platform and producer of smart card wallets, announced this Monday that SBI Crypto Investment Ltd., the wholly owned by , has invested $15 million into its operations.
According to the statement released today, the investment from SBI Crypto Investment will support a breakthrough in the mass adoption of blockchain technology. Specifically, the cash injection will help Tangem accelerate the deployment of its technology in new industries, where there is a high potential for secure storage and circulation of blockchain assets.
These industries, as outlined by Tangem are cryptocurrencies and stable coins, initial coin offering (ICO)/tokenised asset offering (TAO) distribution, ticketing, digital identity, anti-counterfeit and more.
Tangem launches physical Bitcoin notes
This investment from SBI Crypto Investment comes eight months after Tangem launched pilot sales of physical Bitcoin (BTC) notes. The notes, which are available in denominations of 0.01 and 0.05 BTC, aim to significantly improve the security of owning and circulating cryptocurrencies, as well as make the whole process easier.
Source: LinkedIn
“With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which embrace the idea of physical distribution of blockchain assets”.
Source: SBI Holdings, Inc.
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