CoinDCX Secures India Patent for AI-Based Crypto Wallet Security Technology

First Web3 firm in India to receive patent for private key management innovation

Bengaluru: CoinDCX has been granted a patent by the Government of India for its technology titled “Secure Management of Crypto Wallet Private Key Using Cognitive Intelligence,” marking a significant milestone in digital asset security innovation, the company said in a statement on Monday.

The patent, filed in April 2023, focuses on enhancing the protection of crypto wallet private keys, a critical component in safeguarding digital assets. The system leverages cognitive intelligence to introduce adaptive mechanisms that strengthen resilience against evolving cyber threats and unauthorised access.

The development comes at a time when the need for robust security infrastructure in digital finance is gaining prominence, driven by increasing participation in crypto and digital asset markets.

Sumit Gupta, Co-founder, CoinDCX, said security remains central to user trust in an evolving digital ecosystem. He noted that the company’s engineering team continues to focus on solving complex security challenges and building solutions that enhance the safety and integrity of digital asset management.

The patent recognition strengthens CoinDCX’s position as a technology-driven platform and adds to its growing intellectual property portfolio, aligning with the broader industry shift towards security-first product design and regulatory readiness.

Founded in 2018, CoinDCX has expanded into a multi-entity ecosystem under the DCX Group, with operations across India and international markets. The company serves over two crore users and has expanded globally through acquisitions such as BitOasis in Dubai and its entry into Bahrain.

Officials said the milestone underscores the company’s commitment to advancing secure, compliant and scalable solutions in the Web3 ecosystem while strengthening trust in digital asset infrastructure.