Trezor to Accelerate Hardware Wallet Production

Hardware-wallet maker Trezor has taken control of chip fabrication for its flagship Model T. The Block reports.

According to the statement, the move aims to optimise device manufacturing to shorten the supply cycle from two years to a few months. It will also help eliminate delays in shipping finished products and shield consumers from price volatility.  

“Having dissected the process, identified the areas where we could bring it under our control, and working anew with our partners, we have managed to make production as flexible as possible,” the company said.

Trezor added that the impetus for the decision was supply-chain disruptions, geopolitical shocks, and events in the cryptocurrency market. The new business model will offer “more freedom in designing future products,” the manufacturer says.

In November 2022, Ledger and Trezor recorded a spike in device sales amid FTX problems.

Earlier, former MicroStrategy head Michael Saylor and Binance CEO Changpeng Zhao urged investors to self-custody their crypto assets.

In September, Trezor announced a partnership with the Wasabi Wallet team. The aim of the collaboration is to integrate into the devices a tool for mixing Bitcoin transactions CoinJoin.

In spring 2021, the company reminded of the hardware wallet’s high security against hacking attempts. The statement came amid plans by U.S. authorities to create a tool to bypass security and gain access to crypto assets.