Crypton, a privately owned Ukrainian company founded in 1992, specializes in content security. Employing approximately 20 people, the company's revenue in 2023 was less than $10 million. Its offerings include the development and manufacturing of scrambling systems for television signals and associated equipment. Crypton also develops solutions for pay-TV organization across IPTV, cable, and hybrid broadcasting platforms, and produces professional equipment for digital broadcast television across cable, terrestrial, and satellite networks. Furthermore, they manufacture equipment for interactive television services such as video-on-demand (VoD), multi-screen viewing, TV over IP (TVoIP), time-shifted TV, and catch-up TV.
On March 26, 2024, Crypton partnered with pixiv, a communications platform, to sell exclusive merchandise featuring new illustrations outside Japan. Also on March 26, 2024, Launcher Solutions announced a strategic partnership with Crypton to enhance digital lending solutions. Separately, a new video game crossover featuring Crypton's Vocaloid idol Hatsune Miku was released on an unspecified date, allowing players to use the character in Crypt of the NecroDancer for a $2 DLC fee on PC and PS4. The market shows significant activity due to the anticipated decision on spot Ethereum ETFs and the release of new cryptocurrencies.