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CoolBitX Announces Strategic Investment from SBI Holdings

CoolBitX’s Second Generation Cryptocurrency Wallet “CoolWallet S” Ready for March Launch

[2018/03/02, Taipei, Taiwan] CoolBitX, an innovative blockchain startup, has raised a strategic investment from SBI Holdings Japan. Based in Taipei, Taiwan, CoolBitX is a developer and supplier of hardware and software solutions for the cold storage of cryptocurrencies. CoolBitX’s CoolWallet, the world’s thinnest and most durable hardware wallet, will help cryptocurrency holders reduce the risk of theft through a physical device and smartphone app.

CoolBitX has already sold more than 100,000 CoolWallets across Europe, United States, Asia, and other regions. SBI Holdings, interested by CoolBitX’s unique product and technology offerings, has officially invited CoolBitX into their cryptocurrency ecosystem as the key supplier of cryptocurrency cold storage solutions.

CoolBitX’s Leading Technology Enables the World’s Thinnest and Lightest Cryptocurrency Hardware Wallet for Security and Convenience

Backed with this most recent round of capital investment from SBI Holdings Japan, CoolBitX will continue to work on developing high quality security products connecting the entire cryptocurrency ecosystem. “CoolWallet is more than just a cryptocurrency wallet,” said Michael Ou, Founder and CEO of CoolBitX. “It serves as a bridge between the blockchain and people, enhancing security and convenience in the areas of wallets, identification, healthcare, and insurance.” CoolBitX’s CoolWallet, being thin, light, and durable, is the size of a credit card and can be taken anywhere with the user — even placed inside a traditional wallet.

In addition, the physical wallet features a built-in display screen, Bluetooth connection, and a lithium battery for a user to easily confirm transactions, send and receive cryptocurrency, and monitor their balance. CoolWallet is the only hardware wallet that connects with iOS and Android via Bluetooth wireless technology, and offers users unparalleled convenience and security. Thomas Hu, Founder and CEO of Kyber Capital — an early investor of CoolBitX, said, “Cyber security is the most critical aspect of blockchain innovation and CoolWallet is a leading innovator in the world. We are very proud to see a strong team in our investment portfolio has won strong recognition and strategic support from SBI, a global leader in FinTech.”

SBI Holdings Japan Chooses CoolBitX’s Cryptocurrency Wallet Technology for Its Global Cryptocurrency Ecosystem

SBI Holdings Japan started planning its global cryptocurrency strategy in 2016 to encompass mining, cryptocurrency exchanges, financial services, and financial derivative products. The goal is to establish a financial market with the maturity of the stock market by building on top of blockchain technology — coined as FinTech 2.0. Throughout the young history of the industry, millions of dollars have been lost due to numerous attacks on cryptocurrency exchanges. After Japan’s second largest cryptocurrency exchange, Coincheck, was hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.

All of this has helped increase the value of the CoolWallet hardware wallet in the eyes of SBI Holdings Japan. Yoshitaka Kitao, Representative Director, President and CEO of SBI stated, “A safe and user-friendly cold wallet plays a key role to help the ecosystem go mainstream. We believe that CoolBitX has the technology capable to complete our ecosystem. This investment has strategic implications to SBI for building a cryptocurrency ecosystem blueprint.”

CoolBitX Second Generation “CoolWallet S” Will Officially Launch on March 2

CoolBitX will launch its next-generation wallet called the “CoolWallet S” on the company’s official website starting March 2. CoolBitX CEO Michael Ou said, “In response to the booming cryptocurrency markets, CoolWallet must continue to evolve to meet the needs of consumers. With eight months of research, development, and testing, we have successfully upgraded the original CoolWallet design of bitcoin storage into the second generation CoolWallet S with enhanced security and multiple patented technologies. The CoolWallet S supports both iOS and Android systems with initial support for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more with app updates, including ERC20 tokens.”

About CoolBitX

CoolBitX, the world’s leading blockchain team specializing in FinTech innovations, is comprised of national security programmers, cryptographers, designers, and display-type smartcard specialists. The company has successfully developed the world’s thinnest, lightest, and most durable hardware smartcard storage device to further provide an integrated network platform service and application.

CoolBitX’s exclusive technology is currently available worldwide and is highly sought-after in Europe, United States, Japan, and South Korea.

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