Tropic Square is a company focused on the development and manufacture of chips for secure electronics. Their pilot project is TROPIC01 - a secure element chip, which is designed especially for the security needs of IoT devices, crypto hardware wallets, M2M payments and hardware authenticators. The company's vision, approach and unique know-how has already attracted the attention of major players in the technology industry. TROPIC01 will bring a transparent and auditable chip implementation, as an alternative to the existing closed secure elements. Thanks to the transparency, electronics manufacturers and chip owners can verify the vendor’s security and implementation claims. Tropic Square is a subsidiary of SatoshiLabs, which launched the world's first HW wallet, TREZOR.