OneKey Secures $150 Million Series B Funding Led by Yzi Labs

The crypto security landscape just got a major boost. OneKey, a leading provider of open-source hardware wallets, has closed a Series B funding round worth $150 million. The round was led by Yzi Labs, the investment firm founded by Binance co-founders Yi He and Changpeng Zhao. This massive injection of capital signals a clear message: secure self-custody solutions are no longer optional in the crypto world.

Why This Investment Matters Now

Timing is everything, and this funding comes at a critical moment. In 2024 alone, the crypto industry bled over $2.2 billion to hacks and security breaches. That's not just a statistic—it's billions of dollars that belonged to real people and institutions, vanished because of inadequate security measures.

OneKey, founded in 2019, has been quietly building a reputation for transparent, user-friendly hardware wallets. Unlike many competitors, their approach is refreshingly straightforward: keep your private keys offline, away from the reach of phishing attacks and malware. What sets them apart is their commitment to open-source development, allowing security experts and community members to verify the code themselves. No black boxes, no hidden vulnerabilities.

If you're looking for a hardware wallet that balances security with usability, 👉 OneKey's open-source approach offers the transparency and protection that modern crypto users demand.

Where the Money Goes

OneKey isn't sitting on this cash—they have a clear roadmap for deployment:

Next-Generation Hardware Development: The company is pushing forward with new devices like the OneKey Pro and OneKey Classic series, featuring secure elements with EAL 6+ security ratings. These aren't incremental updates; they're designed to set new standards for hardware wallet security.

Advanced Threat Detection: OneKey plans to expand its on-chain analysis tools to identify suspicious transactions and malicious smart contracts before they cause damage. Think of it as an early warning system for your crypto assets.

Global Expansion and Regulatory Compliance: The company is targeting stronger presence in the United States, Europe, and emerging markets. They're also working to meet regulatory requirements across different legal systems, ensuring sustainable growth without compromising on their core values.

Anzen Lab Development: OneKey's research unit, Anzen Lab, will continue stress-testing security under real-world conditions to identify vulnerabilities before bad actors can exploit them.

The Numbers Tell a Story

OneKey's growth trajectory speaks volumes. The company reports a 300% annual increase in hardware wallet sales and has seen a dramatic rise in secured assets over the past three years. Their USDC-based earn module was particularly successful, attracting $62 million in deposits from high-net-worth users shortly after launch.

The platform's multilingual interface has helped it gain traction across diverse markets including Asia, Australia, Brazil, and Europe. This isn't just a product for crypto natives anymore—it's becoming accessible to mainstream users who want to secure their digital assets without needing a computer science degree.

Heavyweight Backing

Yzi Labs brings serious credibility to the table. Previously known as Binance Labs, the firm manages over $10 billion in assets and has invested in more than 300 projects across 25 countries. Nicola Wang, Chief Investment Officer at Yzi Labs, praised OneKey's team for their meticulous attention to detail and community commitment: "OneKey impresses with its transparent approach and focus on long-term security."

OneKey also counts Coinbase Ventures among its investors, which participated in the 2022 Series A round that raised $20 million. When two of the biggest names in crypto are backing the same security solution, it's worth paying attention.

For anyone serious about protecting their crypto holdings, 👉 exploring OneKey's hardware wallet options could be the smartest security decision you make this year.

Looking Ahead

Yishi Wang, OneKey's CEO, laid out the company's vision clearly: "Our goal is to create a transparent and secure platform for managing crypto assets that works for both retail investors and institutions." The company is also developing new yield products and structured asset solutions designed specifically for high-net-worth clients.

This isn't just about building better hardware wallets. It's about democratizing access to bank-grade security for anyone who holds digital assets. As the crypto economy matures, the distinction between professional and amateur security practices is disappearing—everyone needs institutional-quality protection.

A Milestone for Crypto Security

The partnership between OneKey and Yzi Labs underscores a fundamental shift in the crypto industry. Security is no longer an afterthought or a feature—it's the foundation upon which everything else is built. By combining open-source technology, advanced threat detection, and global expansion, OneKey is positioning itself as a pioneer in secure digital asset management.

This $150 million investment marks more than just a funding milestone for OneKey. It represents growing confidence in decentralized security solutions and the maturation of the entire crypto ecosystem. As more capital flows into the space, the tools we use to protect that capital need to evolve just as quickly. OneKey appears ready for that challenge.