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Futurex

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Overview

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Futurex LP
Company typePrivate
IndustryData security
GenreCryptography
Founded1981
HeadquartersBulverde, Texas, USA
Area served
Global
Key people
Abby Smith, CEO
Products
Websitewww.Futurex.com

Futurex LP, commonly referred to as Futurex, is a privately held[1] American company that provides data encryption, key management, and cryptographic security solutions. Founded in 1981 and headquartered in Bulverde, Texas, the company develops hardware security modules (HSMs)[2], cloud-based encryption services, and key management platforms used by organizations in financial services, retail, and enterprise IT.

Futurex operates internationally and focuses on technologies that support data protection, secure transactions, and regulatory compliance.  

History

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Futurex was established in 1981 by a group of engineers focused on developing cryptographic solutions. Since its founding, the company has expanded its offerings to include enterprise encryption and key management solutions used by large organizations such as Discover, Copayment, and Miura Systems worldwide.  

Products and Solutions

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Hardware Security Modules (HSMs)

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Futurex designs, engineers, and manufactures its HSMs in Texas, United States. The companies' HSMs are validated to FIPS 140-2 Level 3 and PCI HSM standards[3] and are designed to support both payment and general-purpose encryption, as well as key lifecycle management. These systems can be deployed on-premises, through VirtuCrypt, Futurex’s global cloud service, or in hybrid configurations.

As of March 2025, independent industry analysis has ranked Futurex among the top payment HSM vendors based on functionality and key capabilities[4][5]. The company’s HSMs implement NIST-approved post-quantum computing (PQC) algorithms[6][7][8] to address emerging cryptographic requirements associated with the development of quantum computing. They are recognized as the only HSM supporting PQC that has been PCI HSM validated[9][10].  

CryptoHub

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Launched in 2024[11], CryptoHub is an enterprise cryptographic platform developed by Futurex that integrates multiple encryption and key management functions within a single system. It incorporates HSMs validated to FIPS 140-2 Level 3[12] and PCI HSM[9] standards and can be deployed as an on-premises, virtual, or cloud.  

The platform combines general-purpose and payment HSM functions with public key infrastructure (PKI), certificate authority (CA), cloud key management, and data protection. It provides configurable, on-demand modules that automate and simplify cryptographic operations, reducing the time required for deployment and updates[13].  

VirtuCrypt

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Futurex’s VirtuCrypt is a cloud-based cryptographic platform that provides encryption, key management, and payment security functions across the cloud.  Initially released in 2015, the newest generation was released in 2020[14] and integrates with major public cloud providers, including AWS[15], Microsoft Azure[16], and Google Cloud[17].  

VirtuCrypt offers payment HSMs that support transaction security[18], PIN translation, EMV key generation, message authentication, and mobile payment token issuance. The service includes remote key loading (RKL) and key management options, including Bring Your Own Key (BYOK), HSM-generated keys, and agent-assisted key loading, enabling organizations to maintain control over their cryptographic keys.[19]  

VirtuCrypt supports vendor-neutral APIs, including PKCS #11, Java (JCE), OpenSSL, and Microsoft CNG, to facilitate integration with enterprise applications and SaaS systems[20][21]. VirtuCrypt also offers multitenancy, high availability, and redundancy features for reliable cryptographic operations[22][23][24].

Data Centers

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Futurex operates a network of global data centers that provide infrastructure for cryptographic processing and key management services. These facilities are designed to support both cloud-based and hybrid deployments of HSMs. As of November 2025, Futurex has 16 global data centers[25] located in U.S. East, U.S. Central, U.S. West, Canada East, Canada West, Brazil (2 locations), Germany, the Netherlands, India West, India Central, Singapore, Australia (2 locations), Abu Dhabi, and Dubai. [26][27]

Industries Served

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Futurex serves a variety of industries, with a focus on financial services, retail, healthcare, and government. The company’s solutions are designed to address the specific compliance and security needs of these industries, offering specialized cryptographic services such as tokenization, encryption, and secure key management for payment systems.[28] [29][26][30]

Partnerships

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Futurex maintains partnerships with technology providers and financial institutions worldwide. The company collaborates with industry standards organizations, such as the PCI Security Standards council, where Futurex’s Chief Solutions Architect, David Close, serves on the board of advisors[31][32], and the Accredited Standards Committee X9 (ASC X9)[33], contributing to the development and evolution of cryptographic and payment security standards.

Certifications and Compliance

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Futurex products are certified to meet industry standards, including FIPS 140-2 level 3[34], PCI DSS[35], PCI PIN, PCI HSM[36], and PCI P2PE[37]. These certifications indicate that the company’s solutions meet recognized requirements for cryptographic and data security within regulated industries.  

Research and Innovation

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In research and innovation, Futurex focuses on cryptographic security, including the development of quantum-resistant encryption algorithms[38][39][40], consolidation of cryptographic functions for payment processing[41], and advancements in cloud security[42]. The company publishes white papers and participates in industry events like RSA Conference (RSAC)[43] and Gulf Information Technology Exhibition (GITEX)[44] to present developments in its technology.

Recognition and Awards

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Futurex has received multiple industry awards recognizing its encryption, key management, and cloud security solutions.  

Futurex Awards
Company Year Award Title
CyberSecurity Breakthrough 2025 Encryption Solution Provider of the Year[45]
FinTech 2025 Fintech Product of the Year[46]
ABI Research 2025 Top Innovator and Solution HSM Competitive Report[42][47]
CyberSecurity Breakthrough 2024 Data Protection Solution of the Year[48]
CyberSecurity Breakthrough 2022 Enterprise Encryption Solution of the Year[49]
INFOSEC 2020 Cyber Defense Award, Key Management[50]
CyberSecurity Breakthrough 2020 Overall Encryption Solution of the Year[51]
CyberSecurity Breakthrough 2019 Enterprise Encryption Solution of the Year (VirtuCrypt)[52]
CyberSecurity Breakthrough 2018 Overall Encryption Solution Provider of the Year[53][54]
SESAMES 2016 Best eTRANSACTIONS Solution (VIrtuCrypt, Remote Key Loading Service)[55]
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References

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  1. ^ America's Growth Capital (2008-08-01). "Private Companies" (PDF) (Press release). America's Growth Capital. Archived from the original (PDF) on October 7, 2009. Retrieved 2008-09-09.
  2. ^ The National Institute of Standards and Technology - http://csrc.nist.gov/groups/STM/cmvp/documents/140-1/140crt/140crt764.pdf
  3. ^ Modular Security Requirements. Payment Card Industry (PCI) PIN Transaction Security (PTS) Hardware Security Module (HSM), PCI Standards, 2025,https://listings.pcisecuritystandards.org/documents/PCI_HSM_Security_Requirements_v3_2016_final.pdf
  4. ^ Jahangir, Ashraf (2025-03-15). "Top eight payment HSM vendors ranked on key capabilities". Communications Today. Retrieved 2025-10-31.
  5. ^ Sinha, Shruti (March 12, 2025). "Thales, Futurex, and Utimaco take top spots in ABI Research's payment HSM vendor competitive ranking". Telematics Wire. Retrieved October 31, 2025.{{cite news}}: CS1 maint: url-status (link)
  6. ^ Computer Security Division, Information Technology Laboratory (2016-10-11). "Implementation Under Test List - Cryptographic Module Validation Program | CSRC | CSRC". CSRC | NIST. Retrieved 2025-10-31.
  7. ^ Security Policy. 22019 Futurex FIPS 140-2 Non-Propriety Security Policy, CSRC NIST, 2025, https://csrc.nist.gov/CSRC/media/projects/cryptographic-module-validation-program/documents/security-policies/140sp3346.pdf
  8. ^ Computer Security Division, Information Technology Laboratory (2016-10-11). "Cryptographic Module Validation Program | CSRC | CSRC". CSRC | NIST. Retrieved 2025-10-31.
  9. ^ a b cxomedia (2025-06-20). "Futurex Becomes First PCI HSM Validated Provider for Post-Quantum Cryptography". Retrieved 2025-10-31.
  10. ^ PCI Security Standards Council . “Approved PTS Devices.” PCI Security Standards Council Organization, 31 May 2022, listings.pcisecuritystandards.org/assessors_and_solutions/pin_transaction_devices?agree=true. Accessed 30 Oct. 2025.
  11. ^ "Futurex enables first-ever seamless encryption integration with CryptoHub, resolving complexities and cost barriers in one innovative platform". www.futurex.com. Retrieved 2025-10-31.
  12. ^ "PCI PIN Service Provider List". PCI Security Standards Council. Retrieved 2025-10-31.
  13. ^ Anglea (2024-05-15). "Has Futurex Changed the Game for Data Encryption?". The World Financial Review. Retrieved 2025-10-31.
  14. ^ Futurex. "Futurex Announces Next-Generation VirtuCrypt Financial Cloud HSM". www.prnewswire.com. Retrieved 2025-10-31.
  15. ^ "AWS Marketplace: Futurex Managed Key Services (MKS) for AWS Payment Cryptography". aws.amazon.com. Retrieved 2025-10-31.
  16. ^ Althoff, Judson (2025-06-16). "Announcing comprehensive sovereign solutions empowering European organizations". The Official Microsoft Blog. Retrieved 2025-10-31.
  17. ^ "Find a Partner: Futurex". GoogleCloud. October 31, 2025.{{cite web}}: CS1 maint: url-status (link)
  18. ^ "Futurex VirtuCrypt Cloud Payment HSM Empowers EzSwype to Enhance PIN Security and Operational Efficiency". Express Computer. Aug 20, 2025.{{cite news}}: CS1 maint: url-status (link)
  19. ^ "Futurex And Cake Digital Bank Collaborate In Order To Set A New Benchmark In Secure Cloud Payment HSM Adoption | Fintech Bloom". 2025-01-06. Retrieved 2025-10-31.
  20. ^ "P6R: PKCS 11 Example 10: FutureX HSM Integration". support.p6r.com. Retrieved 2025-10-31.
  21. ^ Next Generation Cloud Payment HSMs. VirtuCrypt Cloud Hardware Security Modules, Futurex, 2025, https://www.futurex.com/hubfs/Web%20Resources%20(PDFs)/uploads_05-28-24/Services_Overview_Next_Generation_Cloud_Payment_HSMs.pdf
  22. ^ "Protect payment workloads through AWS Marketplace with Futurex's cloud payment HSMs | AWS for Industries". aws.amazon.com. 2022-06-01. Retrieved 2025-10-31.
  23. ^ Futurex. “VirtuCrypt Cloud HSM.” Futurex.com, 2024, www.futurex.com/virtucrypt. Accessed 30 Oct. 2025.
  24. ^ PaymentsJournal (2020-06-25). "The Importance of Using a Financial Cloud HSM for Data Security". PaymentsJournal. Retrieved 2025-10-31.
  25. ^ "Futurex Expands Australia Presence with Melbourne Data Center, Strengthening Cloud HSM Leadership to 16 Sites". www.futurex.com. Retrieved 2025-10-31.
  26. ^ a b "Futurex, Spire Solutions Partner for Enterprise Encryption in MEA". Techitup. October 6, 2025.{{cite news}}: CS1 maint: url-status (link)
  27. ^ MENAFN. "Futurex Partners With Shakib Uddin's Global Trade Bangladesh To Expand International Presence". menafn.com. Retrieved 2025-10-31.
  28. ^ "Expand with Top Data Security Solutions - Futurex Partners". www.futurex.com. Retrieved 2025-10-31.
  29. ^ "Partners at ISC – Information Security Corporation". infoseccorp.com. Retrieved 2025-10-31.
  30. ^ Cxomedia (August 14, 2025). "EzSwype Adopts Futurex's Cloud Payment HSM to Strengthen PIN Security". CXO Media.{{cite news}}: CS1 maint: url-status (link)
  31. ^ "Leadership". PCI Security Standards Council. 2025.{{cite web}}: CS1 maint: url-status (link)
  32. ^ "PCI Security Standards Council Announces 2025-2027 Advisory Board". PCI Security Standards Council. Retrieved 2025-10-31.
  33. ^ "X9 Category A Member List". Accredited Standards Committee X9. Retrieved 2025-10-31.
  34. ^ "PCI PIN Service Provider List". PCI Security Standards Council. Retrieved 2025-10-31.
  35. ^ "Regulatory Compliance". VirtuCrypt. Retrieved 2025-10-31.
  36. ^ "PCI Security Standards Council – Protect Payment Data with Industry-driven Security Standards, Training, and Programs". PCI Security Standards Council. Retrieved 2025-10-31.
  37. ^ "PCI Point-To-Point Encryption (P2PE)® Components". PCI. 2022.{{cite web}}: CS1 maint: url-status (link)
  38. ^ Close, David (August 12, 2025). "Quantum-Proofing Telecom Networks before the Storm Hits". Voice and Data.{{cite news}}: CS1 maint: url-status (link)
  39. ^ Pandey, Ashok (June 11, 2025). "Quantum-Proofing the Future: Reshaping Enterprise Cryptography before the Storm". PCQuest.{{cite news}}: CS1 maint: url-status (link)
  40. ^ "Underappreciated Technologies: Leaders Share Their Top Picks". Techronicler. 2025. Retrieved October 31, 2025.{{cite news}}: CS1 maint: url-status (link)
  41. ^ Redactie, Door (2024-05-13). "Futurex Sets a New Benchmark in Data Encryption: Introducing CryptoHub". Mashable Benelux (in Dutch). Retrieved 2025-10-31.
  42. ^ a b "The Most Innovative Technology Companies In 2025". www.abiresearch.com. Retrieved 2025-10-31.{{cite web}}: CS1 maint: url-status (link)
  43. ^ "RSAC Conference Vendors: Futurex". RSAC Conference. 2020-11-02. Retrieved 2025-10-31.
  44. ^ "Spire Solutions to showcase intelligent cybersecurity and AI-powered technologies at GITEX 2025, focused on customer success". www.zawya.com. Retrieved 2025-10-31.
  45. ^ "2025 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  46. ^ Elliot, Natalia (2025-10-07). "Winners Announced for the Global FinTech Awards 2025". fintechmagazine.com. Retrieved 2025-10-31.
  47. ^ "Thales, Futurex, and Utimaco Take Top Spots in ABI Research's Payment HSM Vendor Competitive Ranking". www.abiresearch.com. Retrieved 2025-10-31.
  48. ^ "2024 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  49. ^ "2022 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  50. ^ "InfoSec Awards For 2020 – Winners | Cyber Defense Awards". cyberdefenseawards.com. Retrieved 2025-10-31.
  51. ^ "2020 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  52. ^ "2019 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  53. ^ "2018 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-10-31.
  54. ^ Breakthrough, CyberSecurity. "CyberSecurity Breakthrough Announces Winners of 2018 Awards Program". www.prweb.com. Retrieved 2025-10-31.
  55. ^ "Trustech 2016, at the Top of the Bill". elEconomista. February 12, 2016.{{cite web}}: CS1 maint: url-status (link)
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