Vlightup Secures Seed Funding to Enhance TRUSTAUTHY Security Platform for Cryptocurrency

Vlightup Inc., a cutting-edge company based in Marunouchi, Chiyoda-ku, Tokyo, dedicated to developing and maintaining cryptocurrency security solutions, has successfully raised seed funding through a third-party share allocation from Gazelle Capital, a prominent investment firm based in the same district.

Background and Objective of Funding

Vlightup's mission is to redefine the concept of trust in a Web3 world, leveraging blockchain technology to create a transparent and fair economic infrastructure. Their flagship product, TRUSTAUTHY, is the world's first cryptocurrency security platform that integrates geolocation authentication (GeoAuth) using satellite positioning (GNSS) and multi-party computation (GeoMPC). This innovative technology is designed to prevent unauthorized access and data leaks in cryptocurrency transactions, which face rising security risks. As the cryptocurrency market continues to grow, TRUSTAUTHY is set to become an essential security system in Japan, employing accurate location data to safeguard users' valuable assets.

TRUSTAUTHY is anticipated to evolve into the de facto standard for cryptocurrency security in Japan, ensuring the protection of users' assets through robust and reliable methodologies. According to Vlightup's internal research, this is the first-ever service globally that automates the link between satellite positioning signals and multi-party computation, marking a significant milestone in the industry.

Use of Funds

The capital raised in this funding round will be utilized primarily for:

- Further technical development of TRUSTAUTHY
- Strengthening the development structure and hiring talent
- Promoting partnerships with external stakeholders
- Acquiring international patents to protect Vlightup's innovations

Comments from Investors

A comment from Aoi Tange, a capitalist at Gazelle Capital, highlights the significance of this investment:

“We are delighted to be the lead investors for Vlightup. The advent of stablecoins has intensified the cryptocurrency market, making it crucial to develop robust, user-friendly security services backed by a reliable support system within Japan. Vlightup, with its unique technology and an experienced team, is exceptionally positioned to meet this growing societal need. We strongly expect Vlightup to evolve into an indispensable infrastructure for cryptocurrency businesses both domestically and internationally, establishing a global standard originating from Japan.”

Company Overview

- Name: Vlightup Inc.
- Headquarters: 1-11-1 Marunouchi, Chiyoda-ku, Tokyo, Pacific Century Place Marunouchi
- Representative: Yoshio Minamoto (Certified Public Accountant & Certified Fraud Examiner)
- Website: vlightup.jp

For further inquiries regarding this matter, you can contact Vlightup Inc. via email at [email protected].

In conclusion, Vlightup's recent fund acquisition marks a pivotal step towards enhancing the security of cryptocurrency transactions in Japan, positioning the company as a leader in the industry. The TRUSTAUTHY platform is poised to set new standards and provide much-needed security measures for users in an increasingly volatile market.