A Hungarian company won two awards at the US Fintech Awards, a financial technology awards gala in the United States. Gábor Hellner, managing director and co-founder of Budapest-based CryptoSoft, told MTI that at the weekend’s awards ceremony in New York, their American subsidiary, ICS Software Technologies, received the Startup of the Year award and the title of best Web3 development of 2025. In the latter category, they won with their so-called Quantum Time Lock Encryption (QTLE) project in which they can create a kind of “virtual safe” in cyberspace for a predetermined period of time.
The startup was established in the United States at the end of November 2024, with the aim of introducing the IT solutions of its Budapest-based parent company to the US market. CryptoSoft already won an award this summer at the Europe Fintech Awards, a professional competition for European companies.
The US Fintech Awards is a competition for US companies working in the field of financial IT, with over 150 nominees reaching the final stage in two dozen professional categories this year.
Source: Hungary Today
