FIX Network
FIX Network is a Lithuania-based private company that operates a blockchain-based security protocol layered on cellular infrastructure, selling a EUR 59 FIX IoT SIM Card and FIX Coin token for mobile operators, crypto users, developers, and security-conscious consumers.
- Company typePrivate
- Founded2018
- HeadquartersVilnius, Lithuania
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What FIX Network does
FIX Network (operating entity FIX NETWORK, UAB) is a Lithuania-based, private blockchain and telecommunications security company founded in 2018 that builds a blockchain-based security protocol layered on top of existing cellular infrastructure. The core offering is the FIX Network Security Protocol, a Proof-of-Stake public blockchain whose native utility and settlement token, FIX Coin, is intended to reward masternode operators (predominantly mobile operators) and serve as a peer-to-peer IOU gross settlement asset between telecom participants. The company's flagship commercial product is the FIX IoT SIM Card, a hardware SIM priced at EUR 59 that provides 30 years of connectivity across 177 countries with no monthly fees and unlimited on-device signature transactions, supporting seed-based key backup (BIP 32, 39, 44) and optional sharding of private keys across multiple SIMs. A FIX Desktop Wallet (Windows, Linux, macOS) and open-source SDKs for iOS, Android, and JavaScript round out the ecosystem, enabling developers to build wallet, single-sign-on, and FIDO2-based MFA integrations.
The business model is bootstrapped rather than venture-funded: the company was capitalized at genesis by distributing 500M pre-mined FIX Coins (capped at 1M per recipient) to team, advisors, partners, and early contributors, with subsequent supply growth governed by 25 years of linear inflation up to a 100B maximum and 80% of block rewards directed to masternodes, 10% to Proof-of-Stake stakers, and 10% to a Developer Fund. Monetized cash flows appear limited to direct e-commerce sales of the FIX IoT SIM Card and a small branded merchandise line (hoodies, polos, T-shirts, hats priced EUR 29-89) through the company's own storefront, with FIX Coin trading separately on a community exchange. The go-to-market is community-led, primarily through Discord channels and developer documentation, targeting four customer segments: mobile network operators (as node hosts and settlement counterparties), cryptocurrency and IoT users (as SIM buyers), developers (as SDK integrators), and security-conscious families/consumers (for parental controls and personal firewall features). The company is privately held with 11-50 employees, no disclosed institutional funding rounds, and no M&A activity, and is registered at Lvovo str. 13C – 5, LT-09313, Vilnius, Lithuania.
FIX Network firmographics
Firmographics- Name
- FIX Network
- Legal name
- FIX NETWORK, UAB
- Website
- https://fix.network
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FIX Network is a Lithuania-based private company that operates a blockchain-based security protocol layered on cellular infrastructure, selling a EUR 59 FIX IoT SIM Card and FIX Coin token for mobile operators, crypto users, developers, and security-conscious consumers.
- Ownership category
- akta.pro rank
FIX Network industry classification
Industry- Product category
- Blockchain Security Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
Keywords
Where FIX Network is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
FIX Network business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- FIX Coin Utility: FIX Coins are used to participate in the FIX Network and enable access to the Decentralized Security Policy. Network participants including mobile operators host and operate nodes and are rewarded with newly mined FIX Coins. FIX Coins serve as real-time peer-to-peer IOU gross settlement assets between telecom operators.
- Developer Fund and Community Bounties: The Developer Fund is used to provide community bounties for development, network sustainability, community management, business development, marketing, and on-boarding incentivization. 10% of block rewards (1522.07 FIX/Block) go to the Developer Fund.
- FIX IoT SIM Card Sales: Sale of FIX IoT SIM Cards as physical hardware products with no monthly fees and unlimited signature transactions. Price is EUR 59.00 per card with 30 years of connectivity in 177 countries.
- Merchandise Sales: Sale of branded merchandise including FIX Hacker Hoodie (EUR 89.00), FIX Hacker Polo (EUR 49.00), WE FIX T-Shirt (EUR 29.00), and FIX Hacker Hat (EUR 39.00).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | FIX IoT SIM Card - Hardware product with lifetime connectivity |
| One time/ perpetual license | Pay-as-you-go | FIX Hacker Hat |
| One time/ perpetual license | Pay-as-you-go | FIX Hacker Hoodie |
| One time/ perpetual license | Pay-as-you-go | FIX Hacker Polo |
| One time/ perpetual license | Pay-as-you-go | WE FIX T-Shirt |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
FIX Network product offering
Product offeringCore offering
FIX Network develops a blockchain-based security protocol engineered for cellular infrastructure that enables secure management of digital identities and cryptocurrency assets. The primary sellable product is the FIX IoT SIM Card (priced at €59) which provides 30 years of connectivity in 177 countries with no monthly fees, supports unlimited transaction signing over cellular networks, and uses seed-based key backup combined with private key sharding across multiple SIM cards to eliminate single points of failure.
Product overview
FIX Network Security Protocol is a blockchain-based mobile security infrastructure combining a hardware SIM card product with cryptocurrency token economics. The core offering includes the FIX IoT SIM Card (priced at €59), which provides secure private key management and transaction signing over cellular networks across 177 countries. The ecosystem is powered by FIX Coin (FIX), a utility and settlement token operating on Proof of Stake consensus with a maximum supply of 100 billion tokens. Additional components include FIX Desktop Wallet software supporting Windows, Linux, and Macintosh platforms with HD wallet capabilities and masternode functionality.
Differentiator
Problem solved
Functional benefit
Products and services
- FIX IoT SIM Card A physical IoT SIM card (priced at €59) that provides 30 years of cellular connectivity in 177 countries with no monthly fees, designed for individual crypto-asset holders and security-conscious consumers who want SIM-based private key sharding, seed-based recovery, and unlimited transaction signing over cellular networks.
- FIX Coin Native utility token of the FIX Network protocol, used for transaction fees, peer-to-peer IOU gross settlement between telecom operators, developer grants via the FIX Coin Developers Fund, and rewarding masternode operators.
- FIX Desktop Wallet A desktop software wallet that lets users manage FIX Coin holdings and interact with the FIX Network protocol from desktop environments, complementing the SIM-based mobile key management.
- FIX Network Security Protocol The core blockchain protocol of FIX Network, engineered for cellular infrastructure, enabling mobile operators to enforce a Decentralized Security Policy and provide subscribers with secure digital identity and crypto-asset custody.
- FIX Network Merchandise Branded merchandise (apparel and accessories) sold via the FIX Network e-commerce storefront to consumers and community supporters.
Companies that use FIX Network
Customer profileSegments4 records
Ideal customer profiles3 records
FIX Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
FIX Network partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FIX Network Partnership (5 Companies)coreFive companies form the FIX Network partnership and controlled the seed nodes at the genesis block launch on May 30, 2019. These founding partners received initial FIX Coin allocations and are integral to the network's initial deployment and governance.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
FIX Network competitors and assessment
Company assessmentDirect peers
- Trezor: Trezor's hardware wallets compete for the same crypto self-custody user that FIX targets, including BIP 32/39/44 seed-based backup and recovery which FIX explicitly supports.
- Ledger: Ledger's hardware wallets secure private keys and sign transactions offline, addressing the same root problem (private key protection and transaction signing) that FIX solves via its SIM-based hardware.
- Yubico: Yubico's YubiKey is a FIDO2 hardware authenticator that enables SSO and MFA — directly overlapping FIX's FIDO2 SDK use cases and SIM-stored key material for secure authentication.
- Civic: Civic provides blockchain-based decentralized digital identity and private-key management for end users, directly overlapping with FIX Network's FIX ID and key-sharding value proposition for crypto users.
- HYPR: HYPR delivers decentralized identity and FIDO2 passwordless authentication — the same SSO/MFA standards FIX supports via its open-source SDK — making it a close functional peer in enterprise authentication.
Emerging players
- Mysterium Network: Mysterium is a decentralized telecom and networking protocol using a utility token, comparable to FIX's positioning of FIX Coin as settlement between telecom operators.
- KILT Protocol: KILT is a decentralized identity and credentials protocol on Polkadot — a comparable on-chain identity and verifiable-credentials stack that competes for the same digital-identity developer mindshare as FIX ID.
- World Mobile Token: World Mobile uses blockchain to decentralize telecom infrastructure and settlement, sharing FIX's hybrid telecom-plus-token thesis even though its primary focus is connectivity rather than security.
- CoolBitX (CoolWallet): CoolWallet offers a mobile, Bluetooth hardware wallet for crypto private keys and transaction signing, a comparable mobile-first, hardware-rooted custody approach to FIX's SIM-based signing.
Regional players
- Otono: Otono provides SIM-based global cellular connectivity products, comparable to the FIX IoT SIM Card's cross-border, no-monthly-fee cellular offer, though Otono focuses on travel/IoT connectivity rather than crypto signing.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
FIX Network social profiles
Digital presenceFIX Network compliance and trust
Trust signalCompliance1 record
FIX Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
FIX Network leadership team
Management profileNumber of profiles
Profiles1 record
FIX Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FIX Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FIX Network
What does FIX Network do?
FIX Network develops a blockchain-based security protocol engineered for cellular infrastructure that enables secure management of digital identities and cryptocurrency assets. The primary sellable product is the FIX IoT SIM Card (priced at €59) which provides 30 years of connectivity in 177 countries with no monthly fees, supports unlimited transaction signing over cellular networks, and uses seed-based key backup combined with private key sharding across multiple SIM cards to eliminate single points of failure.
Is FIX Network a public or private company?
FIX Network is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FIX Network founded?
FIX Network was founded in 2018. It employs 11 to 50 people.
Where is FIX Network based?
FIX Network is headquartered in Vilnius, Lithuania, in the Europe region.
How does FIX Network make money?
Four revenue lines are on record. FIX Coin Utility is the primary driver. The others are developer Fund and Community Bounties, FIX IoT SIM Card Sales and merchandise Sales.
Who are FIX Network's main competitors?
Direct peers on record are Trezor, Ledger, Yubico, Civic and HYPR. Emerging players are Mysterium Network, KILT Protocol, World Mobile Token and CoolBitX (CoolWallet). Otono is listed as a regional player.
Does FIX Network have an API?
No public API is recorded for FIX Network.
What industry is FIX Network in?
FIX Network's product category is Blockchain Security Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led). Its NAICS code is 522320 and its SIC code is 6199.