Organization Name – Bitpowr

Category – Services

About

Bitpowr, founded in 2020 and headquartered in Lagos, Nigeria, is a blockchain infrastructure provider that offers businesses tools to manage digital assets securely and efficiently. They claim to focu…s on creating scalable solutions for businesses to integrate blockchain technology, wallet management, and digital asset transactions, particularly for institutions. Bitpowr’s core services include wallet infrastructure, tokenization, security through Multi-Party Computation (MPC), and compliance tools. The company primarily offers secure, scalable wallet management solutions, allowing businesses to store, manage, and transact digital assets across multiple blockchains. They claim their platform supports over 15 blockchains and facilitates integration with prominent networks like Ethereum, Binance Smart Chain, Solana, and Polygon. Their services cater to businesses looking to interact with digital assets in a secure, compliant, and efficient manner, whether they are creating digital tokens, managing treasury operations, or handling decentralized finance (DeFi) activities. One of the standout features of Bitpowr’s platform is its security. They emphasize their use of cutting-edge security technologies like MPC and Cloud HSM (Hardware Security Modules) to ensure that digital assets are stored securely and transactions are executed safely. These technologies are designed to prevent hacks and unauthorized access, which are major concerns in the digital asset space. Bitpowr’s wallet management solutions are claimed to be highly secure, making them suitable for businesses handling large volumes of digital assets. Their tokenization engine is another crucial aspect of their offering. Bitpowr provides businesses the tools to create and manage their own digital tokens, supporting token minting, burning, and storage across different blockchain ecosystems. This feature is particularly beneficial for companies looking to tokenize assets or create custom tokens for decentralized finance platforms or internal purposes. Bitpowr claims this functionality allows businesses to interact with blockchain networks flexibly, creating tokenized assets for a variety of use cases. In addition to wallet management and tokenization, Bitpowr offers compliance solutions. These include Anti-Money Laundering (AML) and Know Your Transaction (KYT) services to ensure that businesses meet the regulatory requirements set by various jurisdictions. The company claims that their compliance tools help businesses navigate the complex legal landscape of digital assets, providing them with the necessary tools to operate within the law while engaging with blockchain technology. Since its inception, Bitpowr has achieved significant milestones. In 2022, the company was accepted into the 500 Global Flagship Accelerator Program, a prestigious accelerator that provided Bitpowr with valuable resources, mentorship, and global exposure. This was a major achievement, marking their entry into the global market. Following this, in 2023, Bitpowr reached a milestone of processing over $16 million per month in digital asset transactions, underscoring the scalability and success of their platform. Bitpowr’s expansion into Layer 2 blockchains, including Arbitrum, Optimism, and Base, has also been a key development. Layer 2 blockchains are designed to improve the scalability and speed of blockchain transactions, and Bitpowr’s integration with these solutions is seen as a significant step toward increasing their platform’s efficiency. In 2023, the company reported $120,000 in revenue, which reflects its expanding customer base and growing adoption of its services. These achievements showcase Bitpowr’s growing prominence in the blockchain infrastructure space, especially among businesses and institutions looking to integrate blockchain technology into their operations. Bitpowr’s team consists of experienced professionals, including Oyetoke Toby, the Founder and CEO, and Amarachi Amaechi, the Co-founder and COO. Both have extensive backgrounds in business and technology, which they leverage to drive the company’s vision forward. In conclusion, Bitpowr presents itself as a comprehensive solution for businesses seeking to interact with digital assets in a secure, compliant, and scalable manner. Their emphasis on security, scalability, and compliance sets them apart in the competitive blockchain infrastructure space. With key achievements like the 500 Global Accelerator Program, significant revenue growth, and expansion into Layer 2 blockchains, Bitpowr has positioned itself as a major player in the blockchain infrastructure market. However, as with any emerging technology, businesses must assess the platform’s capabilities based on their specific needs and the regulatory environment they operate in. Read More