OneKey Achieves $150 Million Valuation in Series B Funding Round
Crypto hardware wallet OneKey has completed a Series B funding round with a $150 million valuation, led by YZi Labs, formerly Binance Labs. This investment aims to enhance global accessibility and security in crypto self-custody.
Key Details
- Founded in 2019, OneKey is recognized for transparency and user-first security.
- Previously secured $20 million in a Series A round backed by Coinbase Ventures.
- Reported 300% annual growth in hardware sales and an 11-fold increase in secured asset value over three years.
- Plans to use new funding to develop next-generation wallets, improve contract analysis tools, and focus on compliance-driven growth.
- The OneKey Anzen lab will benefit from the investment by testing wallets under extreme conditions.
- YZi Labs rebranded from Binance Labs in January 2025, now focusing on broader investments beyond crypto.
- In 2024, over $2.2 billion was lost to hacks and scams due to inadequate security measures.
OneKey CEO Yishi Wang emphasized the commitment to building accessible, institutional-grade security for all users.