Satochip Announces Bridge Financing as It Prepares U.S. Push for Open-Source Hardware Wallets

Bitcoin Magazine

Satochip Announces Bridge Financing as It Prepares U.S. Push for Open-Source Hardware Wallets

Satochip SRL, a Belgium-based company specializing in secure hardware solutions for digital asset self-custody, today announced that it has secured part of its ongoing bridge financing round with support from existing shareholders and new business angels.

The bridge round will support the company’s strategic expansion into the United States, enabling Satochip to establish a local presence and accelerate sales in one of the world’s largest digital asset markets.

Founded in Belgium, Satochip develops open-source secure hardware wallets and smart card solutions, designed to give users full control over their digital assets. The company’s technology emphasizes security, transparency, and sovereignty, “aligning with the growing global demand for self-custody solutions” according to a press release shared with Bitcoin Magazine.

Satochip SRL offers a focused line of open-source NFC smartcard-based hardware solutions for Bitcoin and cryptocurrency self-custody. Its flagship product, the Satochip, is a credit-card-form-factor hardware wallet equipped with an EAL6+ certified secure element that supports Bitcoin, Ethereum, and over 1,000 tokens and NFTs. It pairs with desktop wallets such as Sparrow and Electrum, as well as mobile apps, and requires no battery or screen—transactions are verified through connected software. The company also produces the Satodime, a giftable bearer cold-storage card serving as a modern paper-wallet replacement, and the Seedkeeper, a hardware vault for securely storing seed phrases and passwords. 

All products are fully open-source (AGPLv3 Java Card applet), allowing users to flash generic smartcards themselves. Community adoption has grown notably through integrations such as the SeedSigner + Satochip combo, which enables users to build affordable, air-gapped DIY Bitcoin signing devices, experiment with the technology and develop new grassroots niches and use cases.

“The United States represents a critical market for the future of digital asset security,” said Bastien Taquet, co-founder of Satochip. “With strong support from our investors, this bridge round allows us to build a foothold in the U.S. market while continuing to innovate secure hardware solutions for the global crypto ecosystem. We are welcoming additional strategic investors who want to join us on this growth journey.”

The funding will primarily be used to establish a U.S. operational presence, expand sales and distribution channels, and strengthen B2B partnerships within the crypto ecosystem.  The Satochip Team will attend the Bitcoin conference in Las Vegas at the end of April.

Editorial Disclaimer: We leverage AI as part of our editorial workflow, including to support research, image generation, and quality assurance processes. All content is directed, reviewed, and approved by our editorial team, who are accountable for accuracy and integrity. AI-generated images use only tools trained on properly licensed material. In Bitcoin, as in media: Don’t trust. Verify.

This post Satochip Announces Bridge Financing as It Prepares U.S. Push for Open-Source Hardware Wallets first appeared on Bitcoin Magazine and is written by Juan Galt.