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Satochip SRL, a company headquartered in Belgium that specializes in secure hardware solutions for self-managing digital assets, has revealed today that it has secured a portion of its ongoing bridge financing initiative, backed by both existing investors and new angel investors.
This bridge funding is intended to fuel the company’s strategic expansion into the United States, allowing Satochip to establish a local presence and boost sales within one of the world’s most significant digital asset markets.
Established in Belgium, Satochip engineers open-source secure hardware wallets and smart card technologies, created to empower users with complete command over their digital holdings. The company’s technological approach emphasizes robust security, utmost transparency, and user sovereignty, “which aligns with the escalating global demand for self-custody solutions,” according to a statement shared with Bitcoin Magazine.
Satochip SRL provides a specialized range of open-source NFC smart card-based hardware solutions for the self-custody of Bitcoin and other cryptocurrencies. Its primary offering, the Satochip, is a hardware wallet designed in the form factor of a credit card. It features an EAL6+ certified secure element and supports Bitcoin, Ethereum, and more than 1,000 different tokens and NFTs. It connects seamlessly with desktop wallets like Sparrow and Electrum, as well as mobile applications, and notably does not require a battery or a screen—transaction verification is handled through the connected software. Additionally, the company manufactures the Satodime, a giftable bearer cold-storage card that functions as a contemporary alternative to paper wallets, and the Seedkeeper, a hardware device designed for the secure safekeeping of seed phrases and passwords.
All products are entirely open-source (AGPLv3 Java Card applet), permitting users to flash generic smart cards themselves. Community engagement has seen considerable growth, notably through integrated solutions like the SeedSigner + Satochip combination, which enables users to construct cost-effective, air-gapped DIY Bitcoin signing devices, explore the technology, and foster new grassroots niches and applications.
“The United States represents a crucial market for the future of digital asset security,” stated Bastien Taquet, co-founder of Satochip. “With substantial backing from our investors, this bridge round empowers us to establish a presence in the U.S. market while continuing our innovation in secure hardware solutions for the worldwide crypto ecosystem. We are actively seeking additional strategic investors to join us on this path of growth.”
The capital infusion will be primarily allocated to establishing U.S. operational capabilities, broadening sales and distribution networks, and reinforcing B2B collaborations within the crypto sector. The Satochip Team is slated to attend the Bitcoin conference in Las Vegas later in April.
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Source: : bitcoinmagazine.com