Hopae, a leading provider of advanced digital identity solutions, has announced securing $6.5m in funding to expand its operations and bring its proprietary Digital Credential eXpress (DCX) architecture to the U.S.
The funding includes a $4.3m seed round led by SV Investment, with participation from Z Venture Capital and Bon Angels Venture Partners, alongside $2.2m in debt financing from Korea Credit Guarantee Fund (KODIT).
These funds will support Hopae’s global expansion, including establishing a U.S. headquarters in San Francisco and building strategic partnerships in Europe.
Hopae’s patented DCX architecture simplifies the complexities of decentralised identity (DID) implementation. It empowers governments and institutions to issue reusable, privacy-preserving, and unforgeable digital IDs and credentials. The system adheres to global standards and prioritises user control over data, ensuring it is suitable for applications ranging from government services to private sector verification needs.
The new funding will be used to accelerate Hopae’s growth, expand its team in its Seoul and Paris offices, and support the development of its U.S. base. The company also aims to enhance its position as a key player in the European digital identity ecosystem, aligning with the EU’s eIDAS 2.0 Regulation.
Ace Shim, co-founder and CEO of Hopae, said, “Traditional methods of identification no longer make sense. Aside from being cumbersome, they simply do not meet modern privacy and security needs.
“Although eIDAS 2.0 represents a driving force for the adoption of Hopae’s technology, it is clear that this is a necessity for everyone from enterprises that seek to conduct international business to the shops that want to sell goods like alcohol online. Hopae is at the forefront of a paradigm shift, and we are excited to bring DCX to the U.S.”
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