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Tangem raises $15 million to help push through blockchain-enabled smart cards

(c)iStock.com/subtik

Tangem, a Swiss manufacturer of blockchain-based smartcard wallets, has raised $15 million (£11.6m) from Tokyo-based digital asset venture investment firm SBI Crypto Investment.

The manufacturer, which claims to be a pioneer in making cryptocurrencies as easy to use as cash, is now attracting additional investment to hasten the deployment of its technology in various industries where secure storage and circulation of blockchain assets has the highest potential. Industries of interest include ticketing, digital identity, anti-counterfeiting, and retail loyalty and promotions.

Yoshitaka Kitao, representative director, president and CEO of SBI Holdings Inc., said: “The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilising Tangem will help stipulate the demand for other blockchain services provided by SBI.”

Earlier this month, Chronicled raised £12.4m in a series A funding round led by Mandra Capital and with participation from Streamlined Ventures, The Perkins Fund, Frank Fiore, and David Aho. Chronicled will be using the funds to expand the MediLedger Network, which it plans to commercially launch in 2019, with service provider integrations and additional protocols that address channel integrity and chargebacks, contracting and revenue management. In 2017, Chronicled completed a pilot wherein it successfully showed that Serialised Global Trade Item Numbers (SGTINs) can be transferred anonymously using a cryptographic method.

Interested in hearing leading global brands discuss subjects like this in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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