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§ Private Profile · Singapore
Digital asset management offers secure custody solutions for enterprises & financial institutions, with institutional-grade security.
Based in Taipei, Taiwan, Cybavo provides secure digital asset management and institutional custody platforms for enterprise clients in the cryptocurrency ecosystem. The company delivers infrastructure solutions that incorporate multiparty computation, custom hardened operating systems, and patented encryption technologies to protect digital assets across various blockchain networks. Their SaaS platform primarily serves cryptocurrency exchanges, digital asset service providers, corporate entities, and traditional financial institutions requiring robust hot and cold wallet infrastructure. Prior to its strategic acquisition by stablecoin issuer Circle in June 2022, the organization raised $4 million in pre-Series A funding led by venture capital firm 500 Startups. The company also previously secured first place at the SelectUSA Investment Summit for its cybersecurity pitch before integrating its technology into Circle's core product suite. Cybavo was originally founded in 2018 by Paul Fan and Tim Hsu.
Cybavo has raised $4.0M across 1 funding round.
Cybavo has raised $4.0M in total across 1 funding round.
Cybavo has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $4M Seed | 500 Startups, Geeks ON A Plane, H&D Asset Management, NEW Economy Ventures | — | Announced |
Cybavo has raised $4.0M in total across 1 funding round.
Cybavo's investors include 500 Startups, H&D Asset Management, New Economy Ventures.
Cybavo is a technology company specializing in secure digital asset custody and management solutions for enterprises, crypto service providers, and financial institutions. Founded in 2018 by cybersecurity experts, it offers full-stack tools like the Cybavo Vault (a custody platform with hot/cold wallet support) and Cybavo Wallet SDK (for embedding secure wallets in apps), addressing key vulnerabilities in crypto storage through patented encryption, Multi-Party Computation (MPC), and a security-hardened OS.[1][2][3] These solutions serve digital asset exchanges, corporates, SMEs, and traditional finance firms, solving problems like private key theft, malicious attacks, and scalability in wallet management—enabling 10x faster user onboarding without mnemonic sheets.[1][3] Cybavo's growth includes partnerships (e.g., Lockton Companies) and a pivotal acquisition by Circle, enhancing its institutional-grade security in the crypto ecosystem.[2][4][5]
Cybavo emerged in 2018 from a team of cybersecurity veterans with deep expertise in blockchain security, cryptography, computer security, malware analysis, and web security—averaging over 10 years of experience, numerous patents, and founders of three major security conferences.[1][2][3] Based initially in Taiwan with HQ later in Singapore, the idea stemmed from identifying gaps in enterprise-grade crypto security amid rising digital asset adoption.[1][2] Early traction built on their white-hat networks and cutting-edge offensive/defensive tech, leading to products like Vault and Wallet SDK, and affiliations with groups like Global Digital Finance and MPC Alliance.[1][2][3]
Cybavo rides the institutional crypto adoption wave, where enterprises demand secure custody amid regulatory scrutiny and hacks—its timing aligns with MPC standards and TradFi's blockchain pivot.[1][2] Market forces like rising digital assets (exchanges, DeFi) favor its solutions, filling gaps for non-crypto natives via easy integration and insurance-backed platforms.[1][5] By powering secure infrastructure, it influences the ecosystem through SDKs that democratize safe wallet dev and Circle's acquisition, accelerating compliant Web3 tools for global finance.[2][4]
Post-Circle acquisition, Cybavo's tech will likely integrate into larger custody and blockchain platforms, targeting expanded enterprise adoption amid maturing crypto regs and tokenized assets.[2][4] Trends like AI-driven threats and MPC evolution will shape its path, potentially evolving influence via Circle's USDC ecosystem to set new security benchmarks—positioning it as a cornerstone for secure enterprise crypto from its veteran roots.[1][2]