IoTrust CEO Baek Sang-soo: Pioneering AI-Blockchain Hardware Wallets for Global Markets

IoTrust, a leader in blockchain security and digital asset management, has been chosen for South Korea’s prestigious 2025 Scale-up TIPS Global Track program, overseen by the Ministry of SMEs and Startups. This selection secures IoTrust up to 1.4 billion won in government R&D funding over the next three years, fueling its development of an AI-powered next-generation hardware wallet targeting the global market.

The Scale-up TIPS Global Track: Empowering Trailblazing Ventures

The Scale-up TIPS (Tech Incubator Program for Startups) initiative bridges private investment with government research and development to propel small and medium-sized enterprises (SMEs). To qualify, companies must already have over 1 billion won in private funding from approved investors. The Global Track segment of this program specifically focuses on nurturing high-potential ventures to scale their operations internationally.

As a participant in the program, IoTrust plans to develop breakthrough solutions aimed at reshaping the blockchain user experience. Their focus includes:

• Integrating AI agents to enhance UX (user experience),
• Advancing multi-chain abstraction technology,
• Bringing next-generation hardware wallets to commercial markets.

These innovations will directly tackle pain points for blockchain users, such as navigating the complexities of private key management, reducing cumbersome gas fees across multiple chains, and streamlining processes like asset swapping and bridging across blockchain networks.

Disrupting Digital Asset Security: IoTrust’s Expertise

Founded in 2017, IoTrust has consistently demonstrated leadership in the blockchain realm. The company created “D’CENT,” the world’s first fingerprint-authenticated hardware wallet, which has gained significant global traction. With more than 1 million users spanning 220+ nations, D’CENT has become a preferred choice for securely managing digital assets.

Over the past three years, IoTrust has achieved $3.3 million in export revenue. The company’s consistent performance has been recognized with accolades such as:

• Participation in the “Baby Unicorn Plus” initiative by the Ministry of SMEs and Startups,
• The prestigious “Million Dollar Export Tower” award from the Korea International Trade Association (KITA).

Such milestones highlight IoTrust’s capability for driving innovation and delivering reliable infrastructure for blockchain security on an international scale.

Merging AI with Blockchain Security to Achieve Global Leadership

“Our inclusion in the Scale-up TIPS Global Track is a significant step toward revolutionizing digital asset management. By combining AI technologies with our blockchain security expertise, we aim to deliver groundbreaking user experiences,” remarked Baek Sang-soo, CEO of IoTrust.

Baek emphasized the company’s vision of becoming a global leader in blockchain-driven financial infrastructure while strengthening its presence in key markets, including North America, Europe, and Asia. Beyond scaling its product offerings, IoTrust is committed to maximizing export growth and solidifying its competitive edge in the rapidly evolving digital asset ecosystem.

A Comprehensive Blockchain Security Portfolio

In addition to D’CENT, IoTrust offers innovative solutions like the “WEPIN” wallet system, tailored for enterprises aiming to adopt Web3 and blockchain-based SaaS systems. This expanding portfolio reflects IoTrust’s strategic diversification and ambition to redefine global digital asset infrastructure.

With its robust foundation in blockchain security, coupled with the support of the Scale-up TIPS program, IoTrust is poised to accelerate innovation and reshape the landscape of digital asset management on a global scale.

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