TL;DR
- Strategic Investment for Enhanced Security: YZi Labs invests in OneKey, an open-source hardware wallet firm, to bolster crypto security amid rising threats and billions lost in hacks.
- Innovative Self-Custody Solutions: OneKey offers affordable, audited hardware wallets that empower both retail and institutional users with robust on-chain protections and a user-friendly design.
- Global Expansion and Future Growth: With impressive sales growth and traction in diverse markets, OneKey plans to enhance next-generation hardware and compliance.
YZi Labs is making a bold move in the crypto security landscape by investing in OneKey, an open-source hardware wallet firm dedicated to safe and affordable self-custody solutions. Amid rising risks in digital asset management and a staggering $2.2 billion lost in hacks and scams last year, OneKey’s revolutionary approach positions it as a critical enabler for both retail and institutional users navigating the complex web3 terrain.
— YZi Labs (@yzilabs) June 5, 2025
Reinforcing Crypto Security
OneKey’s innovative hardware wallets are designed to mitigate vulnerabilities inherent in online storage and poorly decoded transactions. By offering an open-source, independently audited product, the firm addresses a critical need in today’s crypto market.
With a clear focus on delivering institutional-grade security at an affordable price, the company serves a broad customer base from high-net-worth individuals to major financial institutions.
Founded in 2019, OneKey has rapidly expanded its reach, now employing 60 passionate professionals across China, Japan, South Korea, Dubai, and Italy. The firm has impressively increased its secured user asset value by 11x over the past three years, with a remarkable 300% average annual growth in wallet sales.
Driving Global Adoption and Innovation
The surge in demand for secure digital asset management was highlighted following the launch of OneKey’s USDC-based Earn module, which quickly garnered over $62 million in subscriptions.
This milestone reflects the growing appeal of the firm’s blend of cutting-edge on-chain protections and user-friendly design. With multilingual support and an intuitive interface, the wallet provider has gained significant traction in markets across Asia, Europe, Australia, and Brazil, establishing itself as a trusted brand for decentralized asset security.
Empowering Self-Custody and Future Growth
YZi Labs’ recent investment will turbocharge the firm’s ambitions to develop next-generation hardware and enhance its on-chain threat detection and contract parsing capabilities. The funding is also earmarked for expanding compliance and user growth initiatives in key global markets.
With a robust team that includes veterans from ByteDance, DJI, and OPPO, the wallet firm is set to expand its research lab, OneKey Anzen, further solidifying its position at the forefront of crypto protection. As Yishi Wang, Founder and CEO of OneKey, emphasizes, “True crypto adoption starts with universal access to self-custody.”
