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Tangem AG

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Tangem AG
Company typePrivate
IndustryFinancial technology, Cryptocurrency
Founded2017; 8 years ago (2017)
Headquarters
Zug, Switzerland
Area served
Worldwide
Key people
Andrey Kurennykh (Co-founder and CEO)
Andrew Pantyukhin (Co-founder)
ProductsTangem Multicurrency
Hardware Wallet (2021)
Tangem Ring (2024)
Websitetangem.com/en

Tangem AG is a Swiss financial technology company that develops hardware and software solutions for blockchain and digital asset management.[1] The company produces smartcard-based hardware wallets and wearable devices to store cryptocurrency private keys offline using secure chip technology.[2] Founded in 2017, Tangem is headquartered in Zug, Switzerland, and operates globally.[3][4]

History

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Tangem AG was established in 2017 by Andrey Kurennykh and Andrew Pantyukhin. In 2018, the company launched its inaugural smartcard wallet in Singapore, described as a "smart banknote" for digital assets, functioning as cold storage accessible through NFC-enabled smartphones.[5]

In 2019, the company secured a $15 million investment from SBI Crypto Investment Ltd., a subsidiary of SBI Holdings.[6][7][4]

In 2021, Tangem released a multicurrency version of its wallet.[8][9]

In 2023, Tangem started a partnership with Visa to develop a crypto-enabled payment card compatible with existing Visa infrastructure.[10][11][12][13][14] The company was granted a patent for technology enabling crypto transactions over standard point-of-sale terminals.[15][16] That year, the company introduced Wallet 2.0, adding an optional seed phrase backup feature, and raised $8 million in a funding round led by Shima Capital, a Web3 venture capital firm.[17][18][19][4]

In 2024, Tangem launched two new products: the Tangem Ring, a wearable hardware wallet, and Stealth Cards, a privacy-oriented wallet line.[20][21][22][23][24] The company received a U.S. patent for private key transfer technology.[25]

In 2025, Tangem was granted a second U.S. patent for its smart ring[26] and announced a self-custodial Visa card using its wallet chip.[27][28]

Tangem has collaborated with organizations such as Stellar, Cardano, Visa, Kudelski Security,[29][30] Samsung, NXP, and Changelly.[31][32] It is a member of the Global Blockchain Business Council and Hyperledger.[33] The company sources secure chip components from Samsung Semiconductor and United Microelectronics Corporation, with fabrication in Singapore and Taiwan.[4] Security audits of its products have been conducted by Kudelski Security, Riscure, Applus+, EMVCo, and CEA-Leti.[34][35][36][2]

Products and technology

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Tangem Wallet

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The Tangem Wallet is a contactless, battery-free crypto wallet shaped like a credit card and equipped with Near Field Communication (NFC) technology. It stores private keys offline and follows a non-custodial model.[37][38] The wallet supports over 14,000 digital assets across more than 85 blockchain networks.[39] Private keys are generated and stored within a secure embedded chip certified at Evaluation Assurance Level (EAL) 6+. Wallets are distributed in sets of two or three identical cards, providing physical redundancy without relying on seed phrase backups.[40][41][39]

The wallet is managed through a mobile app for iOS and Android,[42] which is open-source and available on GitHub.[43]

Tangem also offers customizable hardware solutions, including branded wallets, contactless hardware security modules (HSMs), offline storage devices, programmable smart banknotes, and bearer instruments.[44][32]

See also

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References

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  1. ^ "Tangem AG". Bloomberg. Retrieved 2025-06-04.
  2. ^ a b Aumasson, J. P. (2018-08-06). "Audit of Tangem's smartcard wallet code". Kudelski Security Research. Retrieved 2025-06-24.
  3. ^ "Tangem AG, Zug, Switzerland". Northdata. Retrieved 2025-06-04.
  4. ^ a b c d "Fresh funds for crypto startup Tangem". Startupticker. Retrieved 2025-06-04.
  5. ^ "Japan's SBI Invests $15 Million In Crypto Card Wallet Maker Tangem". CoinDesk. Retrieved 2025-06-11.
  6. ^ Tangem. "Tangem raises $15M from SBI for the industrial adoption of blockchain-enabled smart cards". www.prnewswire.com. Retrieved 2025-06-05.
  7. ^ "Tangem - 2025 Company Profile - Tracxn". tracxn.com. 2025-05-29. Retrieved 2025-06-06.
  8. ^ "Country Reseller - Tangem Wallet" (PDF). Tangem. Retrieved 5 June 2025.
  9. ^ "Tangem Wallet Australia". Tangem Australia. Retrieved 2025-06-06.
  10. ^ "Visa and Tangem Unveil Combined Payment Card-Crypto Wallet". PYMNTS.com. 5 July 2024. Retrieved 5 June 2025.
  11. ^ IQ, S&P Capital (2024-07-05). "Tangem AG to Unveil its First Crypto Visa Payment Card Combined with a Hardware Wallet | MarketScreener". www.marketscreener.com. Retrieved 2025-06-06.
  12. ^ "Visa and Tangem combine payment card with crypto wallet". Finextra Research. 2024-07-09. Retrieved 2025-06-06.
  13. ^ Bitcoin.com (2024-07-06). "Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card – News Bytes Bitcoin News". Bitcoin News. Retrieved 2025-06-06.
  14. ^ "Visa Expands Its Bet on Crypto With This Collab". U.Today. 2024-07-06. Retrieved 2025-06-06.
  15. ^ Jackson, Reuben. "Tangem Crypto Wallet to Add Visa-Backed Crypto Payments". Nasdaq. Retrieved 2025-06-12.
  16. ^ Fainberg, Michael; Zaryab, Mohammad (2022-08-04). "Patenting Fintech: ArentFox Schiff Obtained Patent for Secure Crypto Wallet and Cryptocurrency Payment Protocol". ArentFox Schiff. Retrieved 2025-06-11.
  17. ^ "Tangem Successfully Closes Investment Round, Fueled by Shima Capital". global.techapple.com. 2023-05-02. Retrieved 2025-06-04.
  18. ^ "Shima Capital Leads $8M Funding Round for Hard Wallet Solutions Provider Tangem". NFTgators. 2 May 2023. Retrieved 5 June 2025.
  19. ^ AG, Tangem. "Tangem Successfully Closes Investment Round, Fueled by Shima Capital". www.prnewswire.com. Retrieved 2025-06-06.
  20. ^ "Tangem Enters $Billion Wearables Market with U.S.-Patented Blockchain Smart Ring". FinanzNachrichten.de (in German). Retrieved 2025-06-06.
  21. ^ "Tangem Enters $Billion Wearables Market with U.S.-Patented Blockchain Smart Ring". Morningstar, Inc. 2025-05-28. Retrieved 2025-06-06.
  22. ^ "Polkadot, Assetera and Tangem: Blockchain innovations conquer governments and markets". www.krypto-magazin.de (in German). Retrieved 2025-06-06.
  23. ^ financewire (2025-05-28). "Tangem Enters $Billion Wearables Market with U.S.-Patented Blockchain Smart Ring". FinSMEs. Retrieved 2025-06-06.
  24. ^ "Bitcoin self-custody comes to the masses with new 'crypto ring'". Cointelegraph. 2024-07-17. Retrieved 2025-06-06.
  25. ^ "Tangem wallet secures US patent for private key transfer tech". Cointelegraph. 2025-01-29. Retrieved 2025-06-11.
  26. ^ "Tangem Enters Billion-Dollar Wearables Market With U.S.-Patented Blockchain Smart Ring". Reuters. 2025-05-28. Retrieved 2025-06-11.
  27. ^ "Tangem introduces Visa-integrated crypto wallet for secure payments". Cointelegraph. 2024-07-04. Retrieved 2025-06-11.
  28. ^ Redman, Jamie (2025-04-29). "Tangem Announces Self-Custodial Visa Card Using Cold Wallet Chip – Crypto News Bitcoin News". Bitcoin News. Retrieved 2025-06-11.
  29. ^ Security, Kudelski. "Kudelski Security Launches New Blockchain Security Center". www.prnewswire.com. Retrieved 2025-06-06.
  30. ^ "Blockchain Archives". Kudelski Security. Retrieved 2025-06-06.
  31. ^ "Tangem and Changelly launch 0% fee campaign on all stablecoin swaps". Cointelegraph. 2025-04-02. Retrieved 2025-06-06.
  32. ^ a b "Tangem". EU-Startups. Retrieved 2025-06-04.
  33. ^ "Tangem". TAdviser.ru. Retrieved 2025-06-04.
  34. ^ "Tangem Sets New Standards for Crypto Hardware Wallet Integrity: Introducing Firmware Attestation, Audited by Riscure". kommunikasjon.ntb.no (in Norwegian). Retrieved 2025-06-06.
  35. ^ "Tangem Sets New Standards for Crypto Hardware Wallet Integrity: Introducing Firmware Attestation, Audited by Riscure". Financialpost. Retrieved 2025-06-06.
  36. ^ "Tangem: Introducing Firmware Attestation, Audited by Riscure". Yahoofinance. Retrieved 2025-06-06.
  37. ^ "What is Tangem Wallet?". Tangem's knowledge base. 2025-04-30. Retrieved 2025-06-06.
  38. ^ "Save 20 percent on Tangem Wallets for a limited time". rendite.cloud (in German). 2025-06-05. Retrieved 2025-06-06.
  39. ^ a b MacGill, Andrew (2022-12-08). "Cryptocurrency Tangem Wallet". thecryptobasic.com. Retrieved 2025-06-06.
  40. ^ "Tangem Hot Deals". renditecloud (in German). 2025-06-03. Retrieved 2025-06-06.
  41. ^ "Rethinking Self-Custody Crypto Wallets: Tangem CTO on Security Without Seed Phrases". Beincrypto. Retrieved 2025-06-06.
  42. ^ "‎Tangem AG Apps on the App Store". AppStore. Retrieved 2025-06-06.
  43. ^ "Tangem". GitHub. Retrieved 2025-06-04.
  44. ^ "Tangem Company Profile". craft.co. Retrieved 2025-06-04.
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