OneKey, a hardware-wallet maker, raises $20m in Series A

The Hong Kong-based maker of open-source hardware wallets OneKey has closed a Series A round of $20 million. It was led by Dragonfly and Ribbit Capital.

We’re thrilled to announce that OneKey has raised approximately $20M in our Series A round led by @dragonfly_xyz and @RibbitCapital ,and followed by @hiFramework , @Sky9Capital , @FoliusVentures ,@etherealvc , @coinbase , @santiagoroel and @fishkiller .

— OneKey | We’re Hiring! 🔑 (@OneKeyHQ) September 28, 2022

One more thing, we are super excited to announce that after series A, we have also closed a new round of small funding with participation from @IOSGVC for an unspecified amount 🤓.

— Yishi Wang (@yishi_oh) September 28, 2022

«Сегодня OneKey является единственным аппаратным кошельком в мире с открытым исходным кодом и сертифицированным защищенным чипом», — пояснил Ван.

According to the executive, the firm’s devices have been ordered by employees of competitor Ledger, as well as companies such as Meta, Amber, Alchemy, Infura, Cobo, imToken. The volume of stored assets amounts to “billions of dollars”, he added.

The startup positions the wallet as “No. 1 in the Eastern Hemisphere”.

OneKey plans to expand the number of supported blockchains to 40 each year. The aim is to cover all public networks to help users receive and store the crypto assets and NFTs issued on them. Also planned is integration with software wallets.

The firm does not plan to issue its own token and expects organic growth.

As reported in August, Ledger, a maker of hardware wallets, planned to raise at least $100m.

Earlier, its competitor Trezor announced a partnership with the Wasabi Wallet team. The goal of the collaboration is to integrate into devices the CoinJoin Bitcoin-transactions mixer.

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