The cryptocurrency security landscape is undergoing a major transformation, and OneKey is at the forefront of this evolution. The hardware wallet innovator has successfully closed its Series B funding round, achieving a $150 million valuation. This strategic milestone was led by YZi Labs, formerly known as Binance Labs, signaling strong confidence in OneKey’s mission to democratize secure self-custody solutions across the globe.
As digital asset adoption accelerates, so do the risks. In 2024 alone, over $2.2 billion was lost to hacks, scams, and security breaches—primarily due to vulnerabilities in centralized exchanges and poorly secured online wallets. Against this backdrop, OneKey’s focus on open-source transparency, institutional-grade security, and user-first design positions it as a critical player in safeguarding the future of crypto ownership.
Driving Innovation in Crypto Security
Founded in 2019, OneKey has built a reputation for reliability and innovation within the hardware wallet space. Backed early on by Coinbase Ventures during its $20 million Series A in 2022, the company has consistently delivered cutting-edge tools that empower users to take full control of their digital assets.
With the new funding, OneKey is accelerating its roadmap across multiple fronts:
- Next-generation hardware wallets with enhanced biometric authentication and tamper-proof firmware
- Advanced on-chain threat detection systems powered by real-time analytics
- AI-driven smart contract analysis tools to flag risky transactions before execution
- Expansion of the OneKey Anzen Lab, a dedicated security research division that stress-tests wallets under extreme conditions
“We’re not here to brag. We’re here to earn trust, stay open-source, and keep shipping what matters,” declared OneKey in a recent social media post. “We’re building for you. And we’re just getting started.”
This philosophy resonates deeply with a growing base of users who prioritize security, transparency, and long-term resilience over flashy features or short-term gains.
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Global Traction and User Growth
OneKey’s influence extends far beyond its engineering milestones. The company has seen explosive growth in key markets including Asia, Europe, Australia, and Brazil, where demand for secure self-custody solutions continues to rise.
Over the past three years, OneKey has reported:
- A 300% year-over-year increase in hardware wallet sales
- An 11-fold surge in the total value of assets secured through its platform
- Strong adoption among both retail investors and institutional clients seeking auditable, non-custodial storage
This traction reflects a broader shift in user behavior—people are no longer willing to entrust their assets to third parties without robust safeguards. As decentralized finance (DeFi), NFTs, and tokenized assets become mainstream, the need for reliable, user-controlled custody solutions becomes non-negotiable.
OneKey CEO Yishi Wang emphasized that the latest funding round will allow the team to further strengthen its security stack, ensuring it remains future-proof against emerging threats. “Our goal is simple: make institutional-grade security accessible to every crypto citizen,” he said. “This investment enables us to continue building an open, verifiable, and resilient infrastructure for the decentralized era.”
YZi Labs: A Strategic Backer with Vision
The involvement of YZi Labs as lead investor underscores the strategic importance of this move. Officially rebranded from Binance Labs in January 2025, YZi Labs now operates as the family office of Binance co-founders Yi He and Changpeng Zhao. The rebrand marked a pivotal shift—from a crypto-centric venture arm to a broader technology investment firm exploring AI, Web3, and digital identity.
Despite this expansion, YZi Labs remains deeply committed to strengthening the foundational layers of Web3. Its investment in OneKey highlights a clear priority: enhancing gateway solutions that make entering the decentralized world safer and more intuitive for everyday users.
“This investment reflects YZi Labs’ dedication to supporting projects that solve real-world problems in security and accessibility,” the official announcement noted. “OneKey exemplifies the kind of innovation needed to build trust in digital asset ecosystems.”
👉 Explore how secure wallet infrastructure supports the future of decentralized finance.
Core Keywords Driving Adoption
As awareness grows around digital asset protection, several core keywords have emerged as central to user search intent and industry discourse:
- Hardware wallet security
- Self-custody crypto
- On-chain threat detection
- Open-source wallet
- Crypto asset protection
- Secure crypto storage
- Decentralized identity
- Web3 security tools
These terms aren’t just buzzwords—they represent genuine concerns and requirements for millions of users navigating an increasingly complex digital economy. OneKey’s product development aligns closely with these themes, integrating them naturally into its messaging, technology stack, and long-term vision.
For example, the company’s commitment to open-source development allows independent audits and community contributions, fostering greater transparency. Meanwhile, its focus on on-chain analytics helps users avoid phishing attacks, malicious contracts, and rug pulls—common vectors behind 2024’s $2.2 billion in losses.
Frequently Asked Questions (FAQ)
Why is self-custody important in crypto?
Self-custody means you control your private keys, giving you full ownership of your digital assets. Unlike custodial services (like exchanges), self-custody eliminates counterparty risk—if you lose access or get hacked, no third party can recover your funds. This makes tools like hardware wallets essential for long-term security.
How does OneKey compare to other hardware wallets?
OneKey differentiates itself through open-source firmware, regular third-party audits, and advanced features like contract simulation and threat scanning. Unlike some competitors, it doesn’t rely on closed systems, allowing users to verify every line of code. This transparency builds deeper trust and reduces hidden vulnerabilities.
What is the OneKey Anzen Lab?
The Anzen Lab is OneKey’s internal security research team dedicated to identifying vulnerabilities in wallet systems. By simulating extreme attack scenarios—including physical tampering and firmware exploits—the lab ensures devices remain resilient under real-world threats.
Is open-source crypto software safe?
Yes—when properly maintained. Open-source software allows public scrutiny, meaning bugs are often found and fixed faster than in proprietary systems. However, safety depends on active development, regular updates, and community oversight—all areas where OneKey excels.
How can I protect my crypto from scams?
Use a hardware wallet like OneKey to store assets offline. Enable multi-signature setups when possible, verify contract addresses manually, and never share seed phrases. Additionally, use tools that analyze transactions before signing—many of which are now integrated into next-gen wallets.
What does YZi Labs’ involvement mean for OneKey?
YZi Labs brings not only capital but strategic guidance and ecosystem connections. Their track record in nurturing foundational Web3 projects suggests long-term support for OneKey’s mission to scale secure infrastructure globally.
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Looking Ahead: Building Trust in Web3
As the line between digital identity, finance, and ownership blurs, the role of secure custody solutions will only grow more critical. OneKey’s $150 million valuation isn’t just a financial milestone—it’s a vote of confidence in a future where users own their data, their assets, and their autonomy.
With YZi Labs and Coinbase Ventures standing behind it, OneKey is well-positioned to lead the charge in making self-custody not just secure, but seamless and scalable for millions worldwide.
The message is clear: security isn’t optional—it’s foundational. And for those building the next era of the internet, trust must be earned through openness, rigor, and relentless innovation.