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OneKey Raises $20 Million In Series A Funding

OneKey, a Hong Kong-based crypto hardware wallet manufacturer, has secured around $20 million in a Series A fundraising round.

The firm announced the announcement on Twitter on Wednesday, stating that Dragonfly and Ribbit Capital led the round.

Coinbase Ventures, Framework Ventures, Sky9 Capital, Folius Ventures, and Ethereal Ventures were among the other investors in the round. The financing was also supported by angel investors such as Santiago Santos and Feng Liu.

According to a tweet from Yishi Wang, the primary contributor at the firm, in addition to the Series A fundraising, OneKey has concluded a round of additional modest funding with participation from IOSG Ventures.

The crypto hardware wallet manufacturer claims that its code is completely open source. If a crypto wallet does not work in this manner, it may conceal a backdoor that compromises the security of customer funds.

OneKey, which was founded in 2020, promises to be the leading hardware wallet in the Eastern Hemisphere. Wang stated that the crypto hardware wallet has taken custody of billions of dollars in crypto assets and is fast expanding.

In order to expand further, OneKey plans to offer support for more blockchains in the near future. Wang stated that the company would create around 40 new networks each year to cover all public blockchains and assist consumers in staking and storing their crypto assets and NFTs. OneKey now employs around 30 employees and intends to remain lean.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.