IoTrust

About IoTrust

Established in 2017, IoTrust is a South Korean cybersecurity firm specializing in blockchain-based security. The company was founded by security experts with extensive experience in developing solutions using secure-chip technology. IoTrust's CEO is Sangsu Baek. The firm has garnered significant financial backing, securing a cumulative investment of 10 billion won (approximately 9 million USD) from prominent Korean venture capital firms including Korea Investment Partners, Kiwoom Investment, Korea Development Bank Capital, and KB Investment. This financial support was bolstered by the company's recognition as a 'Baby Unicorn' by the Korean Ministry of SMEs and Startups, highlighting its growth potential.

IoTrust's primary business revolves around providing secure wallet solutions for the Web3 ecosystem, targeting both individual cryptocurrency users and corporate clients. The company's revenue is generated through the sale of its hardware wallets and by providing enterprise-level wallet integration services. The firm's mission is centered on digital asset protection, financial services, and authentication solutions.

The company's flagship product line is the D'CENT wallet, which was first launched in 2018. D'CENT offers several wallet types, including a Biometric Hardware Wallet, a Card-type Wallet, and a free software wallet available as a mobile app for iOS and Android. The Biometric Wallet is notable for being one of the first in the world to incorporate a fingerprint sensor for transaction authorization, adding a layer of biometric security. This hardware wallet features a CC EAL5+ certified secure chip to store private keys offline, an OLED display, and Bluetooth connectivity for mobile use. The D'CENT platform supports a wide array of digital assets across numerous blockchains and allows users to interact with DeFi protocols, NFTs, and other dApps directly through the mobile app. For enterprise clients, IoTrust offers WEPIN Wallet, a solution with an SDK and API that enables companies to integrate wallet functionalities into their own platforms.