The Spanish Society for Technological Transformation (SETT) , attached to the Ministry for Digital Transformation and Public Function , has announced an investment of half a million euros in the Spanish company Sybol Identity , specializing in digital identity for companies through a new secure and efficient technological solution.
Founded in Madrid in 2024, Sybol is a technology company that develops advanced digital identity models for corporate environments , based on international standards for the exchange of verifiable credentials. Its core business focuses on marketing a platform that enables organizations to issue, request, and verify digital credentials in critical inter-company processes .
Sybol focuses on corporate environments, for both companies and employees, tailoring its solution to sectors where corporate identity, document management, and compliance are strategic : energy, industry, construction, logistics , and telecommunications . Unlike current models where documentation is reviewed with a heavy manual workload and inherent risks such as fraud or forgery, this system allows companies to exchange and reuse digital information securely and in a standardized manner .
For example, it facilitates processes such as onboarding third parties (suppliers, clients, employees, etc.), meeting not only the company's requirements but also other regulatory requirements (labor, environmental, and security). Thanks to verifiable credentials, it is possible to improve the efficiency of sharing this information, which is often sensitive.
Furthermore, it features a modular and integrable design, adapting to the architecture and logic of any business , allowing users to define specific workflows within the platform or reuse predefined ones. The solution has already been deployed in real-world environments at multinational energy companies.
This project, part of SETT's public-private partnership strategy , represents a total investment of over one million euros, along with the participation of other private investors. It also marks a further step in the Spanish Government's commitment to implementing advanced technologies and digitalization throughout the business ecosystem , fostering efficiency, optimization, and security in its processes and transactions, with 100% Spanish talent.
SETT is carrying out this operation through its Next Tech facility , using funds from the Recovery, Transformation and Resilience Plan (Next Generation EU Funds) , which aims to boost financing for startups and scale-ups in the technology sector. In addition, SETT manages two other facilities to strengthen the technology business ecosystem: PERTE Chip , dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub , which promotes the digitalization of the audiovisual sector.
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