About Elecsafe

Our Mission

Elecsafe was founded with a focus on engineering secure, regulatory-compliant hardware wallets for cryptocurrency and NFT storage. We believe digital asset security benefits from purpose-built devices that prioritize protection, supporting users in maintaining sovereign control over their private keys.

Our security-first design deliberately excludes trading, exchange, or brokerage functions from devices. This approach is designed to reduce attack surfaces and support compliance with regulatory standards, providing users with clarity in an evolving regulatory landscape.

Founded in Iceland, we leverage the country's commitment to privacy rights, data protection, and digital innovation. Our Reykjavík headquarters serves as the center for research, development, and manufacturing operations, combining cybersecurity expertise with precision hardware engineering.

Our Story

Elecsafe emerged from observations in the cryptocurrency hardware wallet market: existing solutions often compromised security for convenience, potentially leaving users vulnerable to sophisticated attacks and regulatory uncertainties. Our founding team of cybersecurity veterans, hardware engineers, and regulatory compliance experts recognized the need for purpose-built devices designed to meet institutional-grade security requirements while remaining accessible to individual users.

Established in Reykjavík, Iceland, our choice of location was strategic and principled. Iceland's progressive stance on digital assets, combined with some of the world's strongest privacy laws and data protection frameworks, created the ideal environment for developing truly secure hardware wallet solutions. The country's commitment to renewable energy also aligns with our sustainable manufacturing practices.

From our inception, we have maintained an unwavering focus on security over convenience. While other manufacturers chase feature bloat and integration complexity, we have deliberately chosen the path of specialization – creating devices that excel at one critical function: secure private key storage and management.

Technology Excellence

Elecsafe devices represent extensive research and development in partnership with cybersecurity institutions and hardware security specialists. Our commitment to technological excellence is reflected in components from secure element chips to user interface design.

Hardware wallets incorporate multiple layers of protection, each designed to address specific attack vectors identified through threat modeling and security analysis. We work with academic researchers and security auditors to support devices meeting high standards of cryptographic security.

Advanced Secure Element Technology

Our devices feature Common Criteria EAL5+ certified secure elements, providing hardware-level protection against both physical and logical attacks. These specialized chips include tamper detection, secure key generation, and cryptographic acceleration capabilities.

Multi-Layer Tamper Resistance

Advanced tamper detection and response mechanisms protect against sophisticated physical attacks, including invasive probing, fault injection, and side-channel analysis. Our devices implement both passive and active countermeasures.

Military-Grade Cryptography

Implementation of AES-256 encryption with secure key derivation functions, elliptic curve cryptography for digital signatures, and hardware-based random number generation for maximum entropy and security.

True Air-Gap Architecture

Complete offline operation eliminates network-based attack vectors and ensures true cold storage. Our devices never connect to the internet, communicating only through secure, authenticated channels when necessary.

Our firmware development follows secure coding practices with regular security audits, penetration testing, and formal verification processes. We maintain an open-source approach to our firmware, enabling community review and verification while protecting proprietary hardware security implementations.

Regulatory Compliance Framework

Elecsafe devices are engineered to support global regulatory requirements while preserving user privacy and maintaining self-custody principles. Our compliance framework addresses current regulations while considering future regulatory developments.

Our trade-free approach ensures that our devices cannot be classified as financial instruments, money transmitters, or investment platforms, providing clear regulatory clarity across all jurisdictions. This deliberate design choice eliminates regulatory ambiguity and ensures long-term compliance.

Research and Development

Our R&D division collaborates with universities, cybersecurity research institutions, and industry partners to advance hardware security. We invest in fundamental research, exploring emerging threats and developing protection mechanisms.

Current research areas include post-quantum cryptography implementation, advanced side-channel attack resistance, secure multi-party computation for enhanced privacy, and novel tamper-evident technologies. Our research findings contribute to the broader security community through academic publications and open-source contributions.

Our Core Values

Elecsafe's culture is built on fundamental principles that guide every decision, from product design to customer service. These values reflect our commitment to security, privacy, and user empowerment in the digital asset ecosystem.

Manufacturing Excellence

Manufacturing processes combine precision engineering with quality control designed to help devices meet our standards. We maintain control over the supply chain, from component sourcing to final assembly, supporting security and quality at every step.

Each device undergoes testing including functional verification, security validation, and quality assurance checks. Manufacturing facilities implement clean room protocols, secure handling procedures, and audit trails designed to maintain product integrity.