Cloudbric Receives Investment from BitForex and is Listed on Two Exchanges

Cloudbric, chosen by Bitforex, listed on two places in the global stock exchange.


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Written by Yang Wang, ONEASIA

cloudbric and BitForex
cloudbric and BitForex

“Offer unlimited security through blockchain”

Security specialist company Cloudbric finished its ICO (Open the Cryptocurrency public) and will be listed on two places in the global cryptocurrency stock exchange.

Tae Jun Jeong, Cloudbric CEO, BitForex meetup
Tae Jun Jeong, Cloudbric CEO, pitching at Bitforex meetup

Tae Jun Jeong, Cloudbric CEO, declared this news at the BitForex meetup at the ICT tower in Gangnam, Seoul.

Cloudbric started as an in-house venture of Penta Security, a web security specialized company, in 2015. However, in 2017 December, it was separated from Penta Security and grew rapidly, making about 60 partnerships in 50 countries. Cloudbric has proceeded with a reverse ICO (an ICO for a business that already has been commercialized).

 “Even though the cryptocurrency market has developed rapidly for the last few years, hacking hinders the growth of the market. Not only are exchanges hacked, but personal accounts have also been attacked.” CEO Jeong pointed out. 

 “In the meantime, tradition security companies did not open information about the cyber threat. Lately, it is very important to share information. Cloudbric opens information unlimitedly for everyone through the blockchain and offers wallet or stock exchange security,” he said.

CloudBric held an exclusive meeting with about 20 global investment funds such as Node Capital, BRC, LD Capital and Genesis in Singapore in September, and they also drew investment from Bitforex Lab.  

BitForex is one of the fastest growing global exchanges in the cryptocurrency market. They were also ranked the no.1 exchange due to a mining event that was held from last August to September. BitForex Korea is now operating as a 100 percent subsidiary, and they are planning to find outstanding blockchain projects like Cloudbric to develop global companies and run ICOs.


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