Financial boost for Elysium’s bitcoin solutions

Lugano-based startup Elysium Lab has developed a self-custody Web3 wallet that uses advanced technologies such as account abstraction and biometrics to improve security and decentralization, with the aim of democratizing access to digital assets. As part of a recent bridge financing round, the startup secured capital from fintech investor firm Fulgur Ventures which focuses on early-stage startups building next generation financial system incl. bitcoin and Lightning Network.

This strategic investment represents more than just financial support; it signifies a strong synergy between two companies dedicated to promoting a politically neutral monetary system through innovative fintech technology. With Fulgur Ventures' expertise and resources in Bitcoin and Layer 2 solutions, Elysium will get the support to simplify and secure Bitcoin self-custody, asset management and daily payments on an unprecedented scale.

Aron Clementi, CEO of Elysium Lab, expressed his enthusiasm, stating, “The collaboration with Fulgur Ventures marks a pivotal moment for Elysium. Their unwavering focus on Bitcoin and the Lightning Network perfectly complements our vision, amplifying our capacity to innovate and scale our solutions efficiently. We eagerly anticipate leveraging their network and expertise to drive Bitcoin towards mass adoption with our cutting-edge technologies.”

With enhanced technological capabilities and a burgeoning team, Elysium is committed to transparency and continuous engagement with stakeholders as it progresses toward the eagerly anticipated launch of its product, the Elysium Wallet.

(Press release /SR)