Cryptnox secures groundbreaking patents enhancing Web3 hardware wallet security

In Geneva, Switzerland, on November 27, 2024, Cryptnox, a company specializing in next-generation security solutions for digital assets, announced its acquisition of two pioneering patents pertaining to Web3 hardware wallets. The first patent, US 12,101,400 B2, introduces a novel method for data security by splitting a data element into several shares, each encrypted with distinct keys. This process ensures that sensitive information remains protected from unauthorized access, a crucial feature for safeguarding private keys stored within hardware wallets. The second patent, US 12,132,824 B2, focuses on personalizing user devices by embedding essential security measures such as encryption and device authentication. This advancement simplifies the initialization process for users while reinforcing the overall security of the devices used for managing digital assets. The fruitful acquisition of these patents positions Cryptnox as a leader in the Web3 hardware wallet sector, reflecting the company's dedication to enhancing security amidst the technological evolution in digital finance. CEO Sebastien Armleder emphasized the significance of this milestone, stating that it underscores Cryptnox's commitment to redefining security in the fast-changing Web3 landscape. By integrating robust cryptographic safeguards, the newly patented technologies aim to deliver high standards of data protection and transaction verification, catering to both individual and institutional users engaged in the decentralized economy.