- YZi Labs led OneKey’s $150M Series B to boost global crypto self-custody and wallet security.
- The funds will support new hardware, threat detection upgrades, and global market expansion.
- OneKey offers open-source hardware wallets that help users self-custody assets and avoid risks.
YZi Labs has announced a major investment in OneKey, a leading open-source hardware wallet provider. The $150 million Series B round aims to strengthen crypto asset protection, improve threat detection, and expand global access to self-custody.
Founded in 2019, OneKey specializes in providing affordable security tools for crypto users worldwide. The company allows users to use open-source wallets, which are backed by on-chain security measures. They are designed to protect users against errors in transaction decoding and security problems with online storage.
OneKey has grown steadily across China, Japan, South Korea, Dubai, and Italy. Its user base and wallet sales have seen sharp growth, with secured asset value increasing 11 times in the past three years.
The company’s interface supports multiple languages and is widely recognized in Asia, Australia, Brazil, and parts of Europe. Its recent Earn module, based on USDC, attracted $62 million in subscriptions shortly after its release. This signaled strong demand from high-net-worth users. CEO Yishi Wang said OneKey’s goal is to build an on-chain private wealth platform. He also hinted at plans for yield products and structured asset tools.
The new funding will be allocated toward developing advanced hardware and enhancing contract analysis and threat detection systems. The approach will play a role in increasing the number of OneKey users in the U.S., Europe, and emerging markets. Wang added that the aim is to make the stack safe and transparent for long-term crypto adoption. He emphasized the need for open tools and wide access to self-custody.
The OneKey Anzen lab plays a key role in the company’s roadmap. Its team researches security flaws by testing and breaking wallet hardware. This helps strengthen product design before market rollout.
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OneKey’s leadership includes talent from companies like ByteDance, DJI, and OPPO. These experienced developers are now focused on security and the adoption of decentralized wallets. Investment Director Nicola Wang of YZi Labs praised OneKey’s focus on detail, transparency and product quality. She said the team impressed investors with its community-first approach and long-term vision.
YZi Labs manages more than $10 billion worth of assets. It has executed more than 300 projects in 25 different countries. OneKey will utilize the investment to further its open-source mission and provide institutional-grade security to all crypto holders.
