A New Yearly Low Looms as Crypto Markets Continue Bleeding 1347

FOMO MomentsCrypto land is in pain; Bitcoin Cash, EOS, Cardano and Monero are all hurting.

The downward pressure has continued as the week draws to a close with markets plummeting further again today. After lulling just below $250 billion for a couple of days crypto markets have taken another turn south dropping below $240 billion and heading towards a new yearly low.

That $5k Bitcoin prediction is looking more likely as BTC once again drops below $6k, falling 3.7% on the day to $5,890. Ethereum has shadowed it with a 3% fall to just over $420 during Asian trading. As usual all altcoins have been bashed again with only two showing any gains in the top 50.

Taking the biggest hit in the top ten at the moment is Bitcoin Cash dropping 6.7% over the past 24 hours to $660. BCH did fall further to just over $600 during the first week of April. Cardano is another big loser today with a 6.2% decline to $0.117, its lowest level since the end of November. EOS, Litecoin, Stellar and Iota have all lost over 5% on the day as markets plummet back towards last Sunday’s dip.

Monero in twelfth place is also not looking pretty with a 10.5% fall to $117 also taking this altcoin back to mid-November price levels. Neo, Ontology, Qtum, Icon, Lisk and Zilliqa are all getting trounced at the time of writing losing between 7 and 8 percent on the day. Other double figure declines at the moment include Decred down 10%, Bitcoin Diamond falling 13%, KuCoin Shares losing 14% and Komodo with a 12% drop.

Binance Coin is currently holding up with a 2.3% gain on the day to $14.24. Over the week however BNB has lost 14.5% from $16.65 this time last Friday. Augur down in 30th place is also pumping at the moment, up 8% to just over $32. Mainnet launches are often the reason for buying pressure however this has not been the case for EOS and Tron which have both lost ground following their much hyped mainnet launches.

A couple of the more obscure altcoins are also bucking the trend and performing well at the moment. Mithril is on a pump, up 18% to $0.437 as is Ethos climbing 16% to $1.34. All others are in the red though as markets inch dangerously closer to another 2018 dip. At the moment total market capitalization is just below $236 billion, down 4% or $10 billion, from $246 billion this time yesterday. Since last Friday crypto markets have lost 46 billion dollars, 16% down from $282 billion. A new low is imminent and Bitcoin could well fall to $5,000 within the next few days.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

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World’s Largest Financial Institutions Join the Canton Network’s Global Synchronizer Foundation 876

The Global Synchronizer Foundation, in conjunction with the Canton Network, the world’s only public layer one blockchain network with control and privacy, today announced that Goldman Sachs, Hong Kong FMI Services Limited, and Moody’s Ratings have joined the Global Synchronizer Foundation (GSF) as its newest members. The additions to the GSF underscore the growing momentum and trust Canton Network fosters across the financial services industry.

These institutions’ collective commitment to participation in the GSF comes at a pivotal moment for the Canton Network, as the momentum behind tokenized assets grows and market leaders seek to unlock the potential of synchronized financial markets. Their inclusion reinforces the adoption of a decentralized financial infrastructure that prioritizes privacy, control, and seamless interoperability—a combination essential for regulated financial institutions.

“On behalf of the Global Synchronizer Foundation, I am pleased to welcome our new members and their valuable industry perspectives. Each of them contributes to strengthening the governance while ensuring the Global Synchronizer of the Canton Network remains an open, fair, and trusted blockchain infrastructure,” said Jorgen Ouaknine, GSF Chairperson and Global Head of Innovation & Digital Assets at Euroclear.

“Joining the Global Synchronizer Foundation aligns with our ongoing commitment to driving blockchain innovation in regulated financial markets,” said Mathew McDermott, Global Head of Goldman Sachs Digital Assets. “We are excited to be part of the GSF and look forward to contributing to the Canton Network’s growing ecosystem.”

“Our participation in the GSF highlights a significant step in our robust Digital Economy preparedness strategy,” said Fabian Astic, Managing Director and Global Head of Digital Economy at Moody’s Ratings. “This collaboration underscores our commitment to helping market participants understand the risks and opportunities of Digital Finance, and to meeting stakeholders where they are in their preferred digital channels. It also provides us with an opportunity to further engage with leading institutions working towards enhanced transparency, security, and scalability in the digital financial markets of the future.”

Decentralized Governance

The Global Synchronizer is a cornerstone of the Canton Network’s decentralized infrastructure, providing real-time synchronization and interoperability for regulated financial assets. Unlike traditional systems that rely on centralized governance and data silos, the Canton Network is governed by a community of participants, including financial institutions, fintech innovators, and service providers. This structure ensures that no single entity controls the network, enabling greater trust, resilience, and innovation.

As part of the GSF, Goldman Sachs, HKFMI, and Moody’s Ratings will play an important role in the ongoing governance and expansion of this decentralized ecosystem. The GSF is an independent U.S.-based entity composed of forward-thinking market participants dedicated to ensuring that the Global Synchronizer is governed transparently in a decentralized manner with organizational neutrality to maintain its integrity. The Linux Foundation supports the GSF under an open governance model that fosters trust and neutrality.

Driving Industry Innovation and Growth

With the new additions joining the ranks of more than 30 GSF participants, including Broadridge, Tradeweb, and Digital Asset, the Canton Network continues to build on its reputation as a market-leading infrastructure. The addition of these industry leaders reflects the accelerating demand for a decentralized public blockchain network with configurable privacy capable of handling the unique challenges of global capital markets.

About the Global Synchronizer Foundation

Global Synchronizer Foundation’s mission is to foster the development and growth of the Global Synchronizer in the Canton Network and facilitate its governance. The GSF provides transparency and member engagement in decisions made by the operators (Super Validators) of the Global Synchronizer to ensure a reliable, fair, and trusted service for the Canton Network. Blockchain applications in the Canton Network can use the Global Synchronizer to enable atomic transactions across sovereign blockchains without sacrificing privacy or control. Learn more at https://sync.global.

About Canton Network

The Canton Network is the only public blockchain in the financial industry with on-chain privacy essential to the seamless movement of assets and capital on decentralized open rails. With over $3.6 trillion in tokenized assets on-chain, its proven institutional-grade scale synchronizes previously siloed systems with the configurable privacy and controls required to unlock asset mobility across tradfi and crypto ecosystems. Launched in July 2024, the public infrastructure is governed by the Global Synchronizer Foundation and supported by the Linux Foundation to ensure organizational neutrality and foster innovation across the ecosystem.

Learn more at: www.canton.network

Arcium partners with CoinList to launch fully unlocked community round, empowering users from day one 1057

Arcium, a leader in encrypted computing, today announced its upcoming Community Round in collaboration with CoinList. This initiative gives participants the opportunity to take part in Arcium’s mission of enabling data to move across the internet in a fully encrypted state. Arcium is redefining core industries like blockchain, finance, healthcare, defense, AI, and more, by computing sensitive information without ever exposing it, unlocking a new era of privacy, security, and collaboration.

Empowering the community with a fair and transparent token launch

Historically, the combination of poorly structured vesting schedules and inflated valuation leads to the problem of “low float, high FDV”. Arcium takes a new approach, with the Community Round being 100% unlocked at the Token Generation Event (TGE). This ensures that the community—not VCs, early investors, or the team—holds immediate control over their tokens. Holders can fully participate in governance, contribute to the network, and stake their tokens from day one. Locked tokens will not be eligible for staking, reinforcing a fair and transparent launch structure.

Fair valuation and strong tokenomics

Arcium enables its community to become true stakeholders, fostering decentralization and security while engaging freely in the network’s growth.

“At Arcium, we believe that real innovation happens when the community has ownership from day one. By ensuring 100% unlock at TGE, we are giving our supporters the freedom to fully participate in governance, staking, and network growth. – Said Yannik Schrade, CEO at Arcium”.

A high initial token float ensures the Arcium Network can function effectively from the outset, empowering entirely new use cases across various verticals. The Arcium token is required for node activation, network security, and staking, making broad and immediate distribution essential to decentralizing control and preventing supply bottlenecks.

CoinList community round launch details

The Arcium Community Round will be live from March 24th to April 1st on CoinList. To participate, sign up for a CoinList account and learn more about the sale here: https://coinlist.co/arcium.

About Arcium

Arcium is an encrypted supercomputer that brings a trustless, verifiable, and efficient framework to run encrypted computations. Arcium provides developers, applications and entire industries with a trustless, verifiable, and efficient framework to run encrypted computations. With Arcium, the internet can use data to its full extent in an entirely encrypted state. Backed by investors such as Greenfield Capital, Coinbase Ventures, Heartcore Capital, Longhash VC, L2 Iterative Ventures and Anagram Arcium’s goal is to allow the entire internet to run on encryption.

About CoinList

CoinList helps the best builders in crypto launch and grow their products and protocols. Since 2017, CoinList has become the global leader in community growth, helping blue chip projects like Filecoin, Solana, Ondo, Near, Flow, and others launch their protocols and connect with hundreds of thousands of new token holders through more than $1.2 billion in token sales. With a global community of over 11M users, CoinList supports the full crypto lifecycle, from token sales through token distribution, trading, and staking. Learn more at www.coinlist.co.

Liquid Mercury and dVIN Labs Partner to Launch Investment-Grade Wine Trading Platform 1117

Liquid Mercury’s solution will power the global order book for trading tokenized wine on the dVIN Protocol

Liquid Mercury, a leading technology provider for digital asset marketplaces and crypto trading, announced today that it is entering into a strategic partnership with dVIN Labs (dVIN), a startup whose mission is to revolutionize the wine industry with blockchain-powered transparency and unified liquidity.

Leveraging data, decentralized physical infrastructure networks (DePIN), and real-world asset (RWA) tokenization, dVIN is solving authenticity, verification, and provenance challenges that have relegated wine investment to an inefficient, niche activity that appeals to the well-connected uber-wealthy. The launch of the new platform will unify liquidity that was previously fragmented and turn investment-grade wine into a scalable asset class with democratized tools and access for retail investors and institutions alike.

Using the same technology that powers crypto trading for professional traders, brokers, and exchanges, Liquid Mercury will provide a white-labeled platforms for dVIN channel partners to onboard individual investors, who can gain instant access to wine from their favorite winemakers and exclusive wines held at bonded warehouses around the world. The dVIN global order book powered by Liquid Mercury will aggregate regional marketplaces and utilize trading technology purpose-built for getting the best price for buyers and sellers.

“The $300 billion investment-grade wine market is ready to be exposed to new investors and to become a liquid, tradable asset,” said dVIN co-founder and co-CEO, David Garrett. “Our goal is to make investing in wine as easy as and efficient as investing in your favorite stock, cryptocurrency, or other favorite asset. We chose Liquid Mercury as our partner to create a liquid, global marketplace because our expertise in the wine market is matched by their team’s expertise in financial markets, laying the groundwork to unlock this exciting new digital asset class.”

“Liquid Mercury is thrilled to partner with dVIN to unlock wine as an investment and tradable asset to millions of new investors,” stated Liquid Mercury CEO, Tony Saliba. “Our thesis for real-world assets has been that investing in culture is a powerful secular trend, and we know our battle-tested technology can reliably power new digital marketplaces, so we see massive potential in this partnership.”

About Liquid Mercury

Liquid Mercury powers professional crypto trading and digital asset marketplaces. Liquid Mercury is the #1 choice for sophisticated buy-side and institutional sell-side trading professionals moving into crypto. Institutional grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals. For more information about Liquid Mercury (ticker symbol $MERC), visit www.liquidmercury.com.

About dVIN Labs

dVIN Labs is the development team behind the dVIN protocol which is designed to leverage a combination of data, DePIN, DeFi, and tokenization to bring wine, a $1T real world asset class, on-chain. The dVIN Protocol leverages blockchain technology to solve issues around authenticity, anti-fraud, price transparency, unified liquidity, supply chain efficiency, business intelligence, brand loyalty and customer acquisition. To learn more about dVIN Labs and the dVIN Protocol (ticker symbol $VIN), users can visit: https://dvinlabs.com.

Shardeum Allocates 5.5 Million SHM to Community in Pre-Mainnet Airdrop 1133

Shardeum, a Layer 1 blockchain network with a growing global community, is preparing for its mainnet launch with a structured airdrop campaign aimed at early contributors. A total of 5.5 million SHM tokens will be distributed across 63,000 eligible wallets, making it one of the more extensive community-driven distributions in the space. The initiative is designed to acknowledge and reward participants who have engaged with Shardeum’s testnets since its inception.

The airdrop has been structured in two distinct phases, each catering to different groups of contributors:

  • Phase 1 recognizes the efforts of those who participated in the Liberty Alphanet and Sphinx Betanet from February 2022 to June 2024. A snapshot of these early adopters was taken on June 22, 2024, determining their eligibility for a total allocation of 3.3 million SHM.
  • Phase 2 focuses on those who engaged with Shardeum’s Atomium Incentivized Testnet (ITN) from June 2024 to March 2025, with a snapshot taken on March 1, 2025. Participants in this phase stand to receive a combined total of 2.1 million SHM.

Shardeum has outlined how tokens will be distributed among different types of contributors. Those involved in on-chain activities, such as executing transactions, interacting with smart contracts, and maintaining active participation during Phase 1 as well as being among the top performers in the Incentivized Testnet (ITN) quest platform will receive their share based on network interactions and engagement levels.

Validators, who have dedicated time and resources to running nodes, will be rewarded according to node hours, participation across network versions during Phase 1, and their overall contribution during the Incentivized Testnet quests to the network stability.

Off-chain contributors, including content creators, community moderators, and those involved in marketing efforts, are also recognized, with allocations based on factors such as consistency and impact.

Ensuring fairness in distribution, Shardeum has implemented a strict exclusion policy to prevent abuse and Sybil attacks. Wallets belonging to the Shardeum Foundation, its partners, and sanctioned entities have been disqualified from participation. Additionally, a multi-layered Sybil detection process has been put in place, leveraging advanced clustering algorithms and machine learning models to detect fraudulent activity across various blockchain networks.

Next Steps

For those eligible, registration for the airdrop is a straightforward process. Between March 14 and March 21, 2025, participants can visit the official airdrop registration page, connect their wallet, and verify their eligibility.

Upon successful registration, SHM tokens will be automatically allocated and distributed at the Token Generation Event (TGE). Those who miss the initial window but register between March 22 and April 13, 2025, will still receive their tokens, with a delayed distribution scheduled for June 2025.

While this airdrop marks a significant milestone, it represents just the beginning of Shardeum’s broader incentive initiatives. With over 19 million SHM allocated for future campaigns post-mainnet, the network aims to further support ecosystem growth and engagement. Additional incentive programs and reward mechanisms are expected as Shardeum continues to develop.

Shardeum has also issued a caution regarding potential scams and unofficial sources. Participants are advised to register only through the official airdrop portal and stay informed via Shardeum’s verified communication channels. As the mainnet launch approaches, the network continues to focus on ensuring a fair and transparent distribution process for its contributors.

About Shardeum

Shardeum is an autoscaling EVM-based layer-1 blockchain. Dynamic state sharding helps keep gas fees low and TPS high as participation grows. Shardeum performs consensus at the transaction level and lowers the computational power needed for validator nodes. This consensus mechanism makes it possible for anyone to run a node while increasing decentralization.

Bit Digital, Inc. Announces Fiscal Year 2024 Financial Results 1413

Bit Digital, Inc. (the “Company”), a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City, today announced its financial results for Fiscal Year 2024. In conjunction with the Company’s transition to domestic filer status, Bit Digital filed its Form 10K report with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2025. The Company will host a conference call on March 14, 2025, at 10:00 AM ET to discuss results.

Financial Highlights for Fiscal Year 2024

  • Total revenue for fiscal year 2024 was $108.1 million, a 141% increase compared to the prior year’s results. The increase was primarily driven by the commencement of our high performance computing services (“HPC”) business.
  • Revenue from bitcoin mining was $58.6 million for fiscal year 2024 , a 32% increase compared to the prior year. Cloud services revenue was $45.7 million for 2024 compared to nil the prior year. Colocation services revenue, related to the Company’s acquisition of Enovum Data Centers Corp in October 2024, was $1.4 million for the period. ETH staking revenue was $1.8 million for 2024, a 169% increase from the prior year.
  • Revenue from digital asset mining comprised 54% of total revenue for 2024 compared to 98% during 2023. The change was driven by the commencement of the Company’s HPC business lines, with cloud services revenue generating 42% of total 2024 revenue. Digital asset mining comprised 40% of revenue during the fourth quarter of 2024.
  • The Company had cash, cash equivalents and restricted cash of $98.9 million, and total liquidity (defined as cash, cash equivalents and restricted cash, USDC, and the fair market value of digital assets) of approximately $260.7 million, as of December 31, 2024.
  • Total assets were $538.2 million and Shareholders’ Equity amounted to $463.5 million as of December 31, 2024.
  • Adjusted EBITDA was $73.0 million for the fiscal year 2024 compared to $12.4 million for fiscal year 2023. Adjusted EBITDA includes a $55.7 million in pre-tax gains on digital assets.
  • GAAP earnings per share was $0.19 on a fully diluted basis for fiscal year 2024 compared to a loss per share of $(0.16) for the prior year.

Operational Highlights for Fiscal Year 2024

  • The Company earned 949.9 bitcoins during fiscal year 2024 , a 37% decrease from the prior year. The decline was primarily driven by a reduction in block rewards following the halving event in April 2024 and by an increase in network difficulty, and partially offset by an increase in the Company’s average operational hash rate.
  • The Company paid approximately $0.05 per kilowatt hour to its hosting partners for electricity consumed for mining operations during fiscal year 2024 .
  • The average fleet efficiency for the active fleet was approximately 26.2 J/TH as of December 31, 2024.
  • The Company earned 565.1 ETH in native staking and 1.3 ETH in liquid staking, respectively, during 2024, compared to 287.0 ETH in native staking and 81.9 ETH/rETH-h in liquid staking, respectively, for 2023.
  • Treasury holdings of BTC and ETH were 741.9 and 27,623.2, respectively, with a fair market value of approximately $69.3 million and $92.1 million on December 31, 2024, respectively.
  • As of December 31, 2024, we had 24,239 miners owned or operating (in Iceland) for bitcoin mining with a total maximum hash rate of 2.6 EH/s.
  • The Company’s active hash rate of its bitcoin mining fleet was approximately 1.8 EH/s as of December 31, 2024.
  • Approximately 85% of our fleet’s run-rate electricity consumption was generated from carbon-free energy sources as of December 31, 2024. These figures are based on data provided by our hosts, publicly available sources, and internal estimates, demonstrating our commitment to sustainable practices in the digital asset mining industry.
  • The Company had approximately 21,568 ETH actively staked in native staking protocols as of December 31, 2024.
  • On October 9, 2024, the Company executed a Master Services and Lease Agreement (“MSA”) with Boosteroid Inc. (“Boosteroid”), a global cloud gaming provider. The Company finalized an initial order of 300 GPUs, projected to generate approximately $4.6 million in revenue over the five-year term. The MSA provides Boosteroid with the option to expand in increments of 100 servers, up to 50,000 servers, representing a potential $700 million revenue opportunity over the five-year term, subject to deployment plans and market conditions. The Company anticipates additional deployments throughout 2025.
  • On October 14, 2024, Bit Digital announced the acquisition of Enovum Data Centers (“Enovum”) for a total consideration of CAD $62.8MM (approximately USD $46MM based on a CAD/USD exchange rate of 0.73). The acquisition was completed on a debt-free basis, with a normalized level of working capital acquired, funded by approximately CAD $56 million of cash and approximately 1.62 million share equivalents issued solely to key management who rolled-over a significant portion of their existing ownership in Enovum. The transaction closed on October 11, 2024. The acquisition vertically integrated Bit Digital’s HPC operations with a 4MW Tier 3 datacenter in Montreal that is fully leased to a plurality of colocation customers. It also provided Bit Digital with a robust expansion pipeline and an experienced team to lead the development process.
  • On December 30, 2024, the Company signed a Master Services Agreement (MSA) with DNA Fund for services utilizing 576 H200 GPUs over 25 months, representing $20.2 million in total revenue.
  • On December 27, 2024, the Company acquired a 160,000 sq. ft. site in Pointe-Claire, QC for a planned 5MW Tier-3 data center expansion. The site is expected to be operational by June 2025, will feature direct-to-chip liquid cooling and a heat reject loop to enhance energy efficiency. The facility will be powered by 100% renewable hydroelectricity from Hydro-Quebec. The Company expects to invest approximately $19.3 million to develop the site, with potential expansion to 13MW within 24-36 months, subject to Hydro-Quebec approval. A portion of the capacity is expected to support the Company’s cloud services business. The acquisition was initially self-funded, with mortgage financing in progress.

Subsequent Events

● As of January 1, 2025, Bit Digital officially transitioned to domestic issuer status under U.S. securities regulations.
● New Cloud Services Agreements:

  • January 2025 – Signed an MSA for 32 H200 GPUs over six months, representing $300,000 in total revenue. Deployment began January 8, 2025.
  • January 2025 – Signed an MSA for 24 H200 GPUs over 12 months, representing $450,000 in total revenue. Deployment began January 27, 2025.
  • January 30, 2025 – Signed an MSA for 40 H200 GPUs over 12 months, representing $750,000 in total revenue. Deployment began January 24, 2025.

● In January 2025, the Company entered into a new agreement to supply its first customer for an additional 464 B200 GPUs for a period of eighteen months. This new agreement replaces the prior agreement whereby the Company was to provide the customer with an incremental 2,048 H100 GPUs. The contract represents approximately $15 million of annualized revenue and features a two-month prepayment from the customer.
● On February 6, 2025, the Company officially rebranded its HPC business as WhiteFiber, Inc., encompassing its GPU cloud services and HPC data center platform, Enovum Data Centers.
● In February 2025, the Company, through its newly rebranded HPC business WhiteFiber, Inc., secured a five-year colocation agreement to provide 5MW (IT load) of built-to-suit data center infrastructure with Cerebras Systems, a leading accelerator of generative AI. The contract will be fulfilled at an Enovum-developed site, with the location to be announced. Operations are expected to commence in mid-2025.

Management Commentary

“2024 marked a pivotal shift for Bit Digital. Our business was historically driven by digital asset mining, but the successful launch and rapid expansion of our HPC business fundamentally reshaped our company. This evolution drove over 140% revenue growth, with these new business lines contributing nearly half of total revenue.

A defining milestone in this transformation was our acquisition of Enovum Data Centers in October. More than just an infrastructure expansion, Enovum provided us with a proven team, operational expertise, and a scalable platform to develop and operate data centers. It also introduced colocation services as a new business line, further diversifying our revenue streams and strengthening our AI compute capabilities.

Bitcoin mining remained a key revenue contributor, generating $58.6 million, a 32% increase year-over-year. However, as our HPC business scaled, mining’s share of total revenue declined to 54% in 2024, and further to 40% in Q424, compared to 98% in 2023. This shift underscores our strategic pivot toward infrastructure-driven revenue streams while maintaining disciplined mining operations.

Profitability improved alongside business expansion, supported by stronger gross margins and operational efficiencies. A strong liquidity position and no debt provide the flexibility to make targeted investments that enhance capabilities and long-term competitiveness. The Company is actively exploring cost-effective financing options to support expansion while maintaining financial discipline.

We are continuously exploring new ways to unlock and create shareholder value, ensuring that we remain dynamic and well-positioned for future opportunities.”

About Bit Digital

Bit Digital, Inc. is a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City. The Company’s HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland. For additional information, please visit our website at www.bit-digital.com.

ColorTokens Partners with Wipro to Enhance Cyber Resilience With a Breach Ready Security Solution for Global Enterprises 1523

ColorTokens Inc., a global leader in enterprise microsegmentation, today announced a strategic partnership with Wipro Limited, a leading technology services and consulting company, to launch Breach Ready Security Solution — an AI-powered Zero Trust microsegmentation security defense solution tailored for global enterprises.

Breach Ready Security Solution offers comprehensive visualization of the security landscape with real-time risk identification. Enterprises get ransomware and malware impact mitigation for all workloads and endpoints, including cloud environments, IoT/OT devices and data centers to minimize any operational disruption. The solution integrates ColorTokens’ comprehensive microsegmentation platform — Xshield — with Wipro’s CoreProtect, a Wipro framework, to provide Zero Trust-based network segmentation. This comprehensive approach provides customers with an assessment of network security, development of a maturity roadmap, solution transformation, and 24/7/365 managed services leveraging Wipro’s intelligent security operations.

Breach Ready fortifies cyber resilience using custom accelerators and AI-powered automation and orchestration tools delivered through Wipro’s CyberShield platform. The platform is managed by teams of cybersecurity experts — Wipro Cybersecurists — for enterprises across major industries, including Banking, Financial Services and Insurance (BFSI), Healthcare, Pharma and MedTech, Manufacturing, CPG and Retail, Energy and Utilities.

“We are thrilled to introduce Breach Ready Security Solution in partnership with ColorTokens,” said Tony Buffomante, Senior Vice President and Global Head of Cybersecurity and Risk Services at Wipro. “It allows enterprises to identify and mitigate advanced cyberattacks, helping them minimize financial losses and reputational damage. Built on Wipro’s Zero Trust framework, the solution addresses diverse use cases across industries. Insights from early implementations have refined the offering, enabling us to enhance the overall cybersecurity posture for enterprises spanning data centers, cloud environments, OT, IoT, and more.”

Rajesh Khazanchi, Co-Founder and CEO of ColorTokens, added, “Wipro’s vast expertise in cybersecurity, its global network of Cyber Defense Centers, and its robust digital solutions seamlessly complement our microsegmentation platform. Together, we’re enabling organizations to bolster their cyber resilience. This partnership not only drives mutual growth but also informs the evolution of our product roadmap. We’re excited to extend this collaboration to empower enterprises worldwide.”

About ColorTokens

ColorTokens is a premier enterprise microsegmentation provider, dedicated to making organizations “breach ready.” By preventing the lateral spread of ransomware and advanced malware, ColorTokens protects complex network infrastructures through its innovative Xshield platform. The platform visualizes traffic between workloads, OT/IoT/IoMT devices, and users, enabling the enforcement of granular micro-perimeters, swift isolation of critical assets, and effective breach response. Recognized as a Leader in the Forrester Wave: Microsegmentation Solutions (Q3 2024), ColorTokens delivers proactive security that prevents disruptions and safeguards global enterprises. For more information, visit www.colortokens.com.

About Wipro Limited

Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com