Bitt
Founded Year
2013Stage
Biz Plan Competition | AliveTotal Raised
$24.5MAbout Bitt
Bitt is a financial software company that catalyzes the transformation from traditional to digital currency systems. Its solutions are critical for the operationalization of Central Bank Digital Currency (CBDC) and digital currencies for all ecosystem participants. The Bitt Digital Currency Management System (DCMS) enables central banks to efficiently deploy a CBDC of their own, while also enabling financial institutions to integrate with internet native payment rails (CBDCs, stablecoins, and cryptocurrencies), manage their treasury operations, and provide payment services to retail and enterprise clients. The company was founded in 2013 and is based in Draper, Utah.
ESPs containing Bitt
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The blockchain interbank payments market refers to the use of blockchain technology to facilitate interbank payments between financial institutions. Blockchain-based interbank payments offer a number of potential benefits, including increased speed, security, and efficiency compared to traditional payment methods. The market is driven by factors such as the growing demand for real-time payment sol…
Bitt named as Challenger among 11 other companies, including Ripple, ConsenSys, and Digital Asset.
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Bitt's Products & Differentiators
Digital Currency Management System
Bitt is a global fintech company that has been engineering digital currency solutions for central banks for over five years. Bitt’s solutions enable central banks to harness the power of digital currencies, both for their own organizations and for their customers. We are a financial software company that catalyzes the transformation from traditional to digital currency systems. Our solutions are critical for the operationalization of CBDC and digital currencies for all ecosystem participants Bitt’s DCMS can plug into any underlying transaction network. The DCMS includes the Monetary Authority Suite, Financial Institution Suite, and E-Government Suite, each detailed below.
Research containing Bitt
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CB Insights Intelligence Analysts have mentioned Bitt in 1 CB Insights research brief, most recently on Mar 11, 2021.
Expert Collections containing Bitt
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bitt is included in 2 Expert Collections, including Blockchain.
Blockchain
7,280 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Various industries include financial services, trade finance, supply chain, enterprise tech, consumer and retail, and healthcare.
Fintech
12,914 items
Bitt Patents
Bitt has filed 1 patent.
The 3 most popular patent topics include:
- Alternative currencies
- Cryptocurrencies
- Digital currencies
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/25/2020 | Cryptocurrencies, Network management, Alternative currencies, Payment systems, Digital currencies | Application |
Application Date | 11/25/2020 |
|---|---|
Grant Date | |
Title | |
Related Topics | Cryptocurrencies, Network management, Alternative currencies, Payment systems, Digital currencies |
Status | Application |
Latest Bitt News
May 2, 2023
BOSTON--(BUSINESS WIRE)-- #tnfr2--Boston Immune Technologies and Therapeutics, Inc. (BITT), a privately held developer of novel tumor necrosis factor superfamily receptor (TNFSR) antagonist antibodies, announced today that the company will be presenting new data from its CD40 program at Immunology2023, the annual meeting of the American Association of Immunologists. Dominant CD40 Receptor (CD40R) Antagonist Antibodies as Novel Approach to Treating Autoimmune Diseases, will be presented in the Late Break
Bitt Frequently Asked Questions (FAQ)
When was Bitt founded?
Bitt was founded in 2013.
Where is Bitt's headquarters?
Bitt's headquarters is located at 12180 S 300 E, Draper.
What is Bitt's latest funding round?
Bitt's latest funding round is Biz Plan Competition.
How much did Bitt raise?
Bitt raised a total of $24.5M.
Who are the investors of Bitt?
Investors of Bitt include G20 TechSprint competition, Medici Ventures, Overstock.com and Avatar Capital Partners.
Who are Bitt's competitors?
Competitors of Bitt include Fluency and 7 more.
What products does Bitt offer?
Bitt's products include Digital Currency Management System and 3 more.
Who are Bitt's customers?
Customers of Bitt include ECCB , NBB and CBN .
Compare Bitt to Competitors
Billon created a DLT protocol and system specifically for tokenizing and transacting national currency and processing sensitive data in compliance with regulations. We designed the protocol for high throughput levels and low cost of maintenance in a range of environments, unleashing the transformational capabilities of blockchain in the regulated world. Billon provides client services for handling documents and e-money on blockchain. It also supports clients developing own enterprise solutions in areas of Trusted Document Management, Regulated Digital Cash and Asset & Data Tokenization.
Ripple provides global financial settlement solutions. It offers services such as cross-border payments, crypto liquidity, central bank digital currency, and more solutions. The company was formerly known as OpenCoin. It was founded in 2012 and is based in San Francisco, California.
Adhara is a blockchain startup that aims to bring privacy to central banks. Adhara works as a real-time, multi-currency global liquidity management and international payments platform based on tokenized money over a smart contract-enabled distributed ledger.
Fnality is a Utility Settlement Coin (USC) platform that aims to facilitate the issuance of blockchain-based currencies in the commercial and central banking sector worldwide. Fnality was founded in 2019 and is based in London, England.
Vitesse develops a settlement and liquidity management system. The system holds funds and delivers international payments globally using domestic, in-country processing. It offers cross-border services via a globally distributed settlement network. The company was founded in 2014 and is based in London, United Kingdom.
Fluency is a blockchain-empowered central bank digital currency (CBDC) marketplace platform. It is designed to provide all the tools necessary for the easy deployment, configuration, and management of custom CBDC networks. The company was founded in 2019 and is based in London, United Kingdom.
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