Tropic Square, a SatoshiLabs/Trezor startup, received investment of 4 mil EUR to develop the first open-source security chip in the world.
Summary
The goal of Tropic Square is to bring secure chips to market as a solution that is focused on the user and the end product. In cooperation with DEPO Ventures, we are also open to angel investors who would leverage their know-how to accelerate the fulfillment of our goals in the business area as well, " adds Even Englberth, co-founder and CEO of Tropic Square.As for the TASSIC chip itself, experts from all over the world can participate in its development and testing. This applies, for example, to the fields of IoT, Industry 4.0 and in special applications requiring transparency and real knowledge of chip implementation. is a private company founded in 2020 in response to the lack of secure element chips based on open architecture. Its goal is to bring customers a fully auditable chip that will meet high security requirements and at the same time be verifiable by anyone thanks to its transparency and open source philosophy.