BaaS Innovation 博士旺創新

What BaaS Innovation 博士旺創新 does

BaaS Innovation (博士旺創新) is a Taipei-based, publicly listed enterprise blockchain infrastructure provider (TPEx: 3555.TWO) and subsidiary of ADATA Technology Co., Ltd. The company designs and deploys regulated digital asset infrastructure for banks, large enterprises, and government institutions across APAC, anchored by a "Compliance by Design" architecture that embeds KYC/AML/KYT, UBO verification, and audit trails directly into the protocol layer. Its product portfolio spans VASP and Virtual Asset Management (VAM) infrastructure, Decentralized Identity (DID) and Data Exchange & Sharing Platform (DESP), Enterprise Wallets with MPC and hot/cold segregation, KYC/AML/KYA compliance tools, Supply Chain Finance (SCF), Stablecoin PayFi infrastructure, and a Real-World Asset (RWA) tokenization engine covering fund, bond, carbon credit, and satellite orbital rights use cases. Legacy products include Soteria (decentralized storage) and Pistis (decentralized identity) from the founding BaaSid era.

The company monetizes through enterprise B2B contracts combining professional services (advisory and implementation), software licensing (white-label exchange and wallet software), subscription/recurring fees (custody, RWA platform), and transaction-based fees (SCF financing). A 2025-launched consumer entertainment business unit distributing gaming consoles and IP merchandise adds a hardware sales and membership revenue stream. GTM combines direct enterprise field sales, a channel partner ecosystem (Polygon Labs, KGI Bank, CRIF, custody and RegTech providers), and thought leadership at industry summits (Hit AI, CRIF Forum, Mastercard symposiums). Named flagship customers include KGI Bank (FSC-approved VASP pilot), YFY Group (1,000+ supplier SCF platform since 2022), Angkasa-X (200+ satellite orbital rights tokenized), and ADATA Group (B2B2C membership management).

BaaS Innovation operates with 35-100 employees from its Neihu District headquarters in Taipei, holds ARES International, ISO-27701, and ISO 27001:2022 certifications, and benefits from ADATA's 33.16% controlling stake alongside strategic minority investors (Zhaolong Investment 10.43%, Yinyi Investment 6.30%, Liwanli Innovation 6.12%). Q1 2026 marked a financial inflection with revenue of TWD 273.29M (~USD 8.5M) versus TWD 6.35M a year prior, swinging from a TWD 15.35M net loss to TWD 218.05M net income, as the stock appreciated more than 250% over the prior 12 months on the back of the Polygon Labs alliance, Japanese regulatory research partnerships, and RWA tokenization wins.

Name

BaaS Innovation 博士旺創新

Legal name

BaaS Innovation Co., Ltd. (博士旺創新股份有限公司)

Website

https://baasinnovation.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

BaaS Innovation (TPEx: 3555) is Taiwan's first publicly listed blockchain company, providing regulated digital asset infrastructure including VASP, DID, supply chain finance, and RWA tokenization to banks, enterprises, and governments across APAC through a Compliance by Design platform.

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Software Publishers (5132), Computer Systems Design Services (541512)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)

Keywords

• Enterprise blockchain infrastructure
• Digital asset custody
• Blockchain supply chain finance
• Decentralized identity solutions
• Virtual asset service provider

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Blockchain Infrastructure Services: Enterprise Web3 and blockchain advisory and implementation services including white-label and custom blockchain integrations for banks, enterprises, and government institutions.
2. Digital Asset Custody Solutions: Enterprise-grade digital asset custody through partner network (Securosys, Liminal, Rigsec) providing secure, scalable custody infrastructure.
3. Software Licensing: White-label software for virtual asset exchanges, enterprise private key management systems, and stablecoin payment applications.
4. RWA Tokenization Platform: Tokenization engine and platform services for financial institutions including fund and bond tokenization platforms with ongoing platform fees.
5. Consumer Entertainment Distribution: Distribution of gaming consoles, game software, and IP-related merchandise through pop-up stores, exhibitions, and membership programs.
6. Supply Chain Finance Platform: Blockchain-based supply chain finance platform serving anchor enterprises and suppliers with transaction-based financing fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

BaaS Innovation provides enterprise Web3 and blockchain infrastructure that lets banks, large enterprises, and governments in APAC run regulated digital-asset operations. Its offering combines VASP and VAM infrastructure, enterprise wallets, KYC/AML/KYT compliance tooling, a Decentralized Identity (DID) framework with a Data Exchange & Sharing Platform (DESP), a blockchain-based Supply Chain Finance platform, stablecoin PayFi infrastructure, and a Real-World Asset tokenization engine. Deliverables include white-label software, custom integrations with existing enterprise systems, and implementation/consulting services wrapped in multi-year enterprise contracts.

Product overview

BaaS Innovation offers a modular enterprise blockchain platform composed of interconnected core products and specialized solutions targeting enterprises, banks, and governments in APAC. The portfolio centers on VASP and VAM (Virtual Asset Management) infrastructure for compliant digital asset operations, DID (Decentralized Identity) and DESP (Data Exchange & Sharing Platform) for trusted data authentication and exchange, Supply Chain Finance (SCF) for blockchain-based trade document tokenization, Enterprise Wallets with MPC/hot-cold segregation, KYC/AML/KYA compliance tools, Stablecoin Infrastructure for PayFi cross-border payments, and RWA Tokenization for converting physical assets to on-chain digital assets. Complementary modules include Emissions Management (carbon tracking), Crypto Exchange Infrastructure (white-label exchange software), and Cross-Border Payment Infrastructure. The platform is designed around 'Compliance by Design' principles, embedding smart contract automation and audit trails natively. Legacy offerings include Soteria (decentralized secure storage) and Pistis (decentralized identity platform) from the company's founding (2018).

Differentiator

Problem solved

Functional benefit

Products and services

• VASP Infrastructure Virtual Asset Service Provider infrastructure for banks, enterprises, and governments operating compliant digital-asset services, supporting cold wallet segregation, policy-based approvals, full audit trails, and VASP licensing advisory.
• VAM (Virtual Asset Management) Virtual asset management infrastructure for digital-asset custody, portfolio management, and operational oversight, designed for regulated institutional deployment with enterprise-grade security.
• DID (Decentralized Identity) Decentralized identity framework and DID wallet enabling individuals and corporate clients to control authentication and authorization, with KYC verification, trusted data exchange, and one-stop debt negotiation across financial institutions.
• DESP (Data Exchange & Sharing Platform) Consortium blockchain platform enabling authorized banks, insurers, and investment trusts to securely write, retrieve, and query DID-linked data without exposing unnecessary information, supporting insurance verification and one-stop debt negotiation with privacy and regulatory alignment.
• Supply Chain Finance (SCF) Platform Blockchain-based supply chain finance platform that encrypts and records real transaction data (orders, invoices, accounts receivable/payable) on-chain, reducing credit assessment time and enabling financial institutions to extend lending confidently.
• Enterprise Wallet Enterprise-grade wallet solutions for secure digital-asset storage and management, including MPC wallet architecture, hot/cold wallet segregation, policy-based multi-signature approvals, and API SDK for bank integration.
• KYC/AML/KYA Compliance Solutions Compliance tools covering Know Your Customer, Anti-Money Laundering, and Know Your Analyst frameworks, with compliance reporting, sanctions screening, and regulatory alignment for digital-asset operations.
• Stablecoin Payment and Settlement Infrastructure Compliant PayFi mechanism enabling enterprises to efficiently convert between fiat currency and stablecoins (USDC, USDT), with complete transaction records for legitimate accounting and audit purposes across cross-border payments.
• RWA (Real-World Asset) Tokenization Platform Tokenization engine and platform enabling tokenization of physical assets (satellite orbital rights, carbon credits, trade documents) into blockchain-based digital assets, with trust services, issuance, trading, matching, and redemption for funds and bonds.

Quantifiable outcome

• Reduced credit assessment time through blockchain-encrypted trade data recording
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability4 records

Feature7 records

Partnerships

19 partnerships are on record, tiered core, supporting and flagship.

• CRIFcoreStrategic or Co-development Partner · 15 July 2026Global risk leader collaboration to embed real-time risk controls into stablecoin and enterprise digital asset infrastructure. Combines CRIF's global UBO penetration data, sanctions screening, and corporate intelligence with BaaS Innovation's Compliance by Design ledger framework.
• KGI BankcoreImplementation/ SI/ Consulting Partner · 16 March 2026BaaS Innovation supports KGI Bank's FSC-approved virtual asset custody pilot, providing enterprise-grade VASP infrastructure and operational support including cold wallet segregation, policy-based approvals, and audit trails. KGI Bank is Taiwan's first domestic bank to include international insurance for digital assets.
• Polygon LabscoreStrategic or Co-development Partner · 10 December 2025Strategic collaboration to accelerate enterprise blockchain adoption across APAC. Focus on institutional-grade solutions including tokenization for assets and securities, digital custody and VAM, VASP solutions, and cross-border settlement. Combines BaaS Innovation's regional infrastructure expertise with Polygon's scalable technology.
• SecurosyscoreTechnology or IntegrationCustody infrastructure partner providing enterprise-grade digital asset custody solutions through trusted network of partners.
• LiminalcoreTechnology or IntegrationCustody and wallet infrastructure partner founded by wallet engineers with experience from Zebpay. Provides automated, robust, cost-effective custody and wallet solutions for enterprises.
• RigsecsupportingTechnology or IntegrationBlockchain RegTech company providing regulatory-compliant self-custody solutions and security consulting services for digital asset exchanges, custodians, and digital banks.
• Crystal IntelligencesupportingTechnology or IntegrationBlockchain intelligence firm providing real-time blockchain analysis, investigative and compliance solutions for financial institutions, law enforcement, and regulators.
• Remi TechnologysupportingTechnology or IntegrationSingapore-based fintech providing Remi Global Clearing and Settlement System using stablecoin and blockchain technologies for banks' comprehensive stablecoin infrastructure.
• YFY GroupcoreImplementation/ SI/ Consulting PartnerLaunched Taiwan's first blockchain-based supply chain finance platform in 2022, serving more than 1,000 suppliers. Major enterprise partnership demonstrating production-ready blockchain deployment.
• Angkasa-XflagshipImplementation/ SI/ Consulting PartnerNasdaq-listed satellite company. BaaS Innovation tokenized over 200 equatorial low orbit satellite orbital rights, balancing commercial value with multi-national security compliance requirements.
• 聯輔基金會 (Foundation)coreImplementation/ SI/ Consulting PartnerPartnership to develop blockchain information platform encrypting and recording real transaction data (orders, invoices, accounts receivable/payable) for supply chain finance.
• KPMG JapansupportingStrategic or Co-development PartnerRegulatory research collaboration led by former Japanese financial commissioner Toshihide Endo to explore transition from speculative assets toward regulated financial innovation.
• Deloitte JapansupportingStrategic or Co-development PartnerResearch sessions focused on customer asset segregation and legal frameworks governing stablecoins and security tokens in preparation for Japan's FIEA 2027.
• NETSTARSsupportingTechnology or IntegrationTechnical exchanges on JPQR Global project investigating stablecoin (USDC) settlements to bridge Web2 and Web3 payment gateways.
• SBI Holdings and ProgmatsupportingStrategic or Co-development PartnerCollaboration to study Osaka Digital Exchange (ODX), aligning Taiwan's RWA potential with Japan's established tokenized security marketplaces.
• AWSsupportingTechnology or IntegrationDiscussions on scaling technical infrastructures supporting public blockchain transitions while maintaining rigorous KYC and audit trails.
• Mastercard TaiwansupportingGTM or Marketing PartnerSymposium participation exploring fintech, global payment architecture, and retail big data intersection to scale financial ecosystems from local to cross-border markets.
• FamilyMartsupportingGTM or Marketing PartnerSymposium participation exploring cross-border finance and retail integration opportunities.
• Taiwan Centralized Custody and Settlement Corporation (TCSC)coreStrategic or Co-development PartnerCooperation to develop RWA proof-of-concept platform in support of Taiwan's regulatory initiatives.

Scale indicators9 records

Recent moves8 records

Expansion highlights8 records

Broad incumbents

• R3: Enterprise blockchain software provider (Corda) widely used by banks and financial institutions. Comparable as a broader incumbent pursuing bank-led digital asset and tokenization initiatives globally.
• Hedera: Enterprise-grade distributed ledger platform offering tokenization, identity, and consensus services. Competes broadly in the same enterprise blockchain/RWA infrastructure category.
• Consensys: Ethereum-focused blockchain infrastructure and developer tooling provider with institutional products. Competes in enterprise Ethereum-based tokenization and identity solutions relevant to BaaS Innovation's stack.

Direct peers

• Chainalysis: Blockchain analytics, compliance, and investigation platform used by financial institutions and regulators. Overlaps with BaaS Innovation's KYC/AML/KYT tools and Crystal Intelligence-powered compliance integrations.
• Paxos: Regulated blockchain infrastructure platform issuing stablecoins (USDP, PayPal USD) and providing custody and tokenization services. Comparable to BaaS Innovation's stablecoin infrastructure and RWA tokenization offerings.
• BitGo: Institutional digital asset custody and trading infrastructure. Direct overlap with BaaS Innovation's custody, VASP, and stablecoin settlement offerings for banks and regulated entities.
• Anchorage Digital: Federally chartered US digital asset bank providing institutional custody, staking, and trading. Comparable regulated-institution positioning and similar enterprise-grade wallet/operational capabilities.
• Fireblocks: Enterprise-grade digital asset custody, transfer, and settlement infrastructure for financial institutions. Comparable as a direct competitor offering MPC-based institutional wallets and custody APIs that BaaS Innovation also targets through its Enterprise Wallet and VASP products.

Others

• Polygon Labs: Strategic partner providing Polygon PoS and Agglayer interoperability for BaaS Innovation's APAC deployments. Comparable technology layer; ecosystem partner rather than direct competitor in regulated infrastructure delivery.

Emerging players

• Kaleido (Blockdaemon): Enterprise blockchain platform offering tokenization, custody, and digital asset infrastructure for banks. Comparable emerging player targeting similar regulated institutional customers in adjacent geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BaasInnovation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BaaS Innovation 博士旺創新