CYBAVO, the Singapore-based digital assets custodial security solutions provider, is excited and honoured to welcome Associate Professor Chen-Mou Cheng as a new adviser. Professor Cheng holds a PhD in Computer Science from Harvard University and studied BS and MS in Electrical Engineering from National Taiwan University. He is currently an Associate Professor at Japan’s Kanazawa University. In his new role, he will help keep CYBAVO at the forefront of digital assets security through cryptography best practices so that CYBAVO can provide the most secure and efficient solution in the market for its customers.
Professor Cheng is an expert in post-quantum cryptography and cryptographic engineering, both in hardware and software. In recent years, he has also made substantial contributions to blockchains and cryptocurrencies, e.g., securing the underlying consensus protocols and providing protection against attacks from large quantum computers.
“I am happy to be able to collaborate with the world-class staff at CYBAVO, putting my knowledge and expertise to work,” said Professor Cheng. “I am sure that together we will be able to perfect CYBAVO’s solutions, providing the highest level of security and usability and satisfying a broadest range of customer needs.”
As a provider of institutional-grade digital asset wallets and end-to-end turnkey solutions for enterprises and financial institutions, CYBAVO prides itself on its cryptographic algorithms that provide security and compliant custody to digital asset custodians worldwide. As such, Professor Cheng, with his expert knowledge in this field, will be an invaluable asset to the team.
“We are proud and honored to welcome Professor Chen-Mou Cheng to CYBAVO. The addition of Professor Cheng to our team is a coveted prize that we have been pursuing for a while. With a world-class pedigree in cryptographic hardware and embedded systems, his experience and knowledge in the field of CHES are unparalleled,” said Paul Fan, CEO of CYBAVO. “Professor Cheng will help CYBAVO to not only remain at the forefront of digital assets security, but to continue to actively advance its borders further for the greater good of the whole blockchain industry.”
Professor Cheng’s latest appointment comes after the announcement that CYBAVO has successfully closed their Pre-A funding round, raising $4 million to help scale their global expansion.
The round was co-led by global venture capital firm 500 Startups, Taiwan’s H&D Asset Management Company and New Economy Ventures. Other companies and investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also took part in the round.
CYBAVO was also recently accepted into the 500 Startups’ flagship accelerator program, gaining access to its global network of mentors, founders, and industry stakeholders. The company also opened its first European office in Luxembourg and completed Fit 4 Start, Luxembourg’s leading 6-month startup acceleration program that will provide entrepreneurs with tailor-made coaching, attractive pre-seed funding, access to key network connections, and advice on regulation and the market in Europe.
In June this year, CYBAVO won top honors in SelectUSA Investment Summit’s Cybersecurity pitching session, a program led by the U.S. Department of Commerce, further showcasing their intent to deliver a successful global expansion.
CYBAVO is the leading provider for blockchain security solutions in the Asia Pacific. Its extensive list of enterprise customers include cryptocurrency exchanges, fund management companies, cryptocurrency wallet providers, and various fintech service providers. The company is insured by S&P AA-rated global reinsurance company, and holds certifications for ISO 27001 and NIST’s Cryptographic Module Validation Program.
CYBAVO was established in 2018 by a team of cybersecurity veterans with backgrounds in blockchain security, cryptography, computer security, malware analysis and web security. Its mission is to provide the most advanced digital asset custody by developing a custom security-hardened operating system, patented encryption technology, and a highly secure sandboxed environment to deliver its suite of solutions, including its flagship product, the CYBAVO VAULT.
CYBAVO VAULT is an institutional-grade cryptocurrency wallet that leverages proprietary NIST-certified cryptographic algorithms. It offers a SaaS or on-premise solution that features a unique multi-level approach to transaction authorization, which allows for the creation of any number of purpose-specific wallets, each governed by its own policies. CYBAVO VAULT also delivers a suite of tools that help organizations rapidly integrate and scale-up blockchain based operations.