Web3 security software provider CyberScope Web3 Security has submitted an IPO application for listing on the US stock market, aiming to raise $17 million.

CyberScope Web3 Security, a company that provides Web3 network security and compliance solutions for digital asset platforms, has submitted an IPO application to the SEC in the United States on Monday, with plans to raise up to $17 million through the IPO. CyberScope is a Web3 security and compliance provider, focusing on smart contract audits, anti-money laundering/ know your customer (AML/KYC) screening, penetration testing, and blockchain vulnerability assessments. The company has completed over 2,700 smart contract audits and 500 KYC verifications for more than 3,000 clients in North America, Europe, Asia, and other markets, including decentralized finance (DeFi) platforms, token issuers, and infrastructure providers, protecting over $2 billion in digital assets. The company's service suite utilizes four proprietary tools: Cyberscan, Similarityscan, Safescan, and Signaturescan, providing automated and manual code reviews, similarity analysis, transaction monitoring, and signature searches. Their auditing badges have been recognized by platforms such as CoinMarketCap, PinkSale, and Unicrypt. Founded in 2023, the company recorded $1 million in revenue in the 12 months ending June 30, 2025. The company plans to list on Nasdaq, but has not yet selected a stock code. CyberScope Web3 Security submitted the application on August 19, 2025. Maxim Group LLC is the exclusive managing underwriter for the transaction. Pricing terms have not been disclosed yet.