The only open source hardware wallet attracts another chunk of investment
OneKey's $20 million fundraising round proves that there’s still sizable interest in Hong Kong… and crypto
OneKey, a crypto hardware wallet maker based in Hong Kong, just concluded its Series A fundraising round with $20 million. The round was led by Dragonfly and Ribbit Capital.
One of OneKey’s main values is transparency, for this reason the company’s code is completely open source. The company claims that their rivals who chose not to disclose their codes could potentially hide a backdoor that could compromise the security of customer assets.
Yishi Wang, core contributor at OneKey, mentioned in a tweet: ‘OneKey is, to date, the only hardware wallet in the world that is 100% open source and uses a certified secure chip.’
The company was founded in 2020 and it claims to be the number one hardware wallet in the Eastern Hemisphere. According to company representatives, OneKey has taken custody of billions of dollars in crypto assets and continues to grow rapidly.
The funds raised during the latest round will be used to add support for more blockchains in the near future, adding around 40 new networks per year to cover all public blockchains.
