# TBCASoft

> TBCASoft is a Silicon Valley blockchain company building a consortium-based distributed ledger that lets telecom carriers, mobile payment apps and banks interoperate across borders. Its HIVEX payment network lets travelers pay with their home QR-code wallet abroad without merchants changing POS systems, while the CBSG Consortium and CCIS identity framework extend the same trust rails to digital identity and authentication. Founded in 2016 by Ling Wu, it is backed by SoftBank and Naver and connects payment apps reaching tens of millions of users across Asia.

- **Founded:** 2016
- **Headquarters:** Sunnyvale, California, United States
- **Founders:** Ling Wu (Founder & CEO; Co-Chairman of the CBSG Consortium)
- **Team size:** approximately 39-44 employees across North America, Asia and Europe
- **Products:** HIVEX, CBSG Consortium (Carrier Blockchain Study Group), CCIS (Cross-Carrier Identification System), Cross-Carrier Blockchain Platform
- **Notable:** Co-founded the CBSG Consortium, the first and largest telecom-carrier blockchain consortium, with members serving 1.3B+ subscribers., Launched HIVEX cross-border QR payment network; roughly 1 in 10 Taiwanese travelers to Japan pay through it., Raised $25M Series B from SoftBank and Naver Financial in 2021.

## Products & services

- **HIVEX** — A secure, interoperable cross-border payment network for mobile payment service providers. Travelers use their domestic QR-code wallet abroad while merchants keep their existing POS and QR formats. Supports merchant-present (MPM) and consumer-present (CPM) modes.
- **CBSG Consortium (Carrier Blockchain Study Group)** — A telecom-carrier blockchain consortium co-founded with SoftBank in 2017 whose members collectively serve more than 1.3 billion mobile subscribers, governing the shared cross-carrier platform.
- **CCIS (Cross-Carrier Identification System)** — A blockchain-based identity and authentication framework using zero-knowledge-proof cryptography and DLT so individuals can prove identity without revealing private data and avoid juggling countless accounts and passwords.
- **Cross-Carrier Blockchain Platform** — The underlying consortium DLT with BFT consensus, deployable across multiple clouds, that powers payments, identity and other carrier services.

## Achievements

- Co-founded the CBSG Consortium, the first and largest telecom-carrier blockchain consortium, with members serving 1.3B+ subscribers.
- Launched HIVEX cross-border QR payment network; roughly 1 in 10 Taiwanese travelers to Japan pay through it.
- Raised $25M Series B from SoftBank and Naver Financial in 2021.
- Went live across Taiwan, Japan and South Korea, connecting major payment apps without forcing merchants to change POS systems.
- Signed a 2025 stablecoin MOU (Project HIVEX StableLink) with StraitsX for instant FX settlement.

## Latest updates

- **2025-01** — HIVEX cross-border payment platform went live in South Korea with ZeroPay, opening 1M+ Korean merchants to Taiwanese e-payment users.
- **2025-02** — Featured by CommonWealth Magazine; announced Project HIVEX StableLink MOU with StraitsX to use regulated stablecoins (XSGD/XUSD) for instant FX and settlement finality.
- **2024-10** — Entered the South Korean market with partnerships including Zero Pay and ICB.
- **2024-02** — HIVEX launched Consumer-Present Mode (CPM) in Japan following the October 2023 Merchant-Present Mode launch.
- **2023-10** — HIVEX payment network launched in Japan, integrating with PayPay and welcoming PXPay Plus users.

## Links

- Website: https://www.tbcasoft.com
- LinkedIn: https://www.linkedin.com/company/tbcasoft

---

Profile page: https://yespress.io/tbcasoft
Published by YesPress — https://yespress.io
Last updated: 2026-06-11