D’CENT Wallet attracts investment of $6.0M USD.
IoTrust, an IT Security Company specialized in blockchain wallet, announced on the 23rd that the company had attracted an investment of 6.5 billion won (approx. 6 million USD) from 5 new leading investment firms in Korea which include L&S Venture Capital, KDB Capital, K-Run Ventures, SL Investment, and KB Investment. In addition, a follow-up investment was made by Jiran Jigyo Security, a KOSDAQ-listed company.
IoTrust was established in 2017 and received 2.5 billion Korean won investment from Korea Investment Partners and Jiran Jigyo Security to launch the ‘D’CENT’ wallets, a blockchain hardware wallets created on proprietary security technology that are sold globally. Since then, the company achieved more than 200,000 monthly users and expanded business partnerships which include Korea’s representative blockchain Klaytn, Klayswap service provider Ozys, global law firm DLA Piper, XRPL smart contract platform Flare Network, swap protocol ChangeNow, and many more.
IoTrust announced that through this round of investment, the company will fully expand the services on D’CENT wallets that will benefit the users.
Sangsu Baek, CEO of IoTrust, said,
“D’CENT has been focusing on growing the hardware wallets business over the past two years and exceed the goals. There is endless potential in the area of services. We have been planning on introducing various great and user friendly new services on the wallet and we plan to launch them one by one from the next year. Our investors’ expectations are here as well.”
D’CENT officials have stated that the company’s short to medium term goal is in bringing greater value to users for simply using the wallet. Support for NFTs on various main networks, a dashboard to track assets at a glance, and Buy & Sell service for simplified on/off-ramp, etc. will be launched sequentially.
[About D’CENT Wallet]
D’CENT Wallet is created by IoTrust, a company founded by security experts with over 20 years of security know-how and engineering experience in developing deeply embedded security solutions based on secure-chip technology (SE and TEE). D’CENT Wallet aims to protect users’ digital assets by combining software and hardware security solutions. Users have the choice of using the Biometric Wallet, Card type Wallet, or the Software Wallet.
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