- Founded
- 2020-01-01 in Hong Kong
- Headquarters
- Hong Kong
Founded in 2020 by Yishi Wang, OneKey is a Hong Kong‑based cryptocurrency hardware wallet and self‑custodial wallet provider that aims to make digital asset management both secure and accessible. The company is best known for its line of open‑source hardware wallets — including the flagship OneKey Pro and the minimalist OneKey Classic 1S Pure — which support over 30,000 coins and tokens across major blockchains such as Bitcoin, Ethereum, Solana, and Aptos. OneKey’s devices feature EAL 6+ certified secure chips and, in the case of the Pro model, an air‑gap QR signing mechanism combined with fingerprint authentication and a 3.5‑inch touchscreen. Beyond hardware, OneKey offers a software wallet (mobile app and browser extension) that enables users to trade crypto, stocks, and other assets directly from a single interface. The company raised $20 million in Series A funding in two rounds (September 2022 and June 2025), with backing from investors including Dragonfly, Ribbit Capital, and Coinbase. OneKey positions itself as “the number one hardware wallet in the Eastern Hemisphere” and competes with players like Ledger and Trezor. Its core value proposition rests on full self‑custody, transparent open‑source code, and a fully on‑chain experience — all designed to give users complete control over their private keys without sacrificing usability.
Detailed Review
History & Founding
OneKey was founded in 2020 in Hong Kong by Yishi Wang, a former engineer at ByteDance and TYLin. Wang identified a gap in the hardware wallet market for a product that combined strong security with a modern, user‑friendly design, especially for users in Asia. The company quickly gained traction and by 2022 claimed to be the leading hardware wallet in the Eastern Hemisphere. In September 2022, OneKey closed its first funding round — a Series A led by Dragonfly — and followed with a second Series A tranche in June 2025, bringing total disclosed funding to $20 million. Investors include Dragonfly, Ribbit Capital, Coinbase, and several angel investors.
Products & Platforms
OneKey’s product lineup includes the OneKey Pro, an air‑gap cold wallet with four EAL 6+ secure chips, fingerprint unlock, and a 3.5‑inch touchscreen that supports QR signing for maximum isolation. The OneKey Classic 1S Pure is a battery‑free, minimalist hardware wallet with a Bitcoin‑only edition, designed for long‑term holding. The OneKey Classic 1S is the standard multi‑cryptocurrency hardware wallet. Complementing the hardware is the OneKey App / Browser Extension, a software wallet for mobile and desktop that enables trading of crypto, stocks, and other assets, and includes a “Keyless” wallet creation option via email. The OneKey Web App provides a browser‑based interface for portfolio management and dApp interaction when paired with hardware. All hardware wallets are 100% open source, and the company operates the OneKey Shop e‑commerce platform for direct sales.
Security & Compliance
OneKey’s hardware wallets carry EAL 6+ certification across multiple secure chips, the highest security level for consumer electronics. The Pro model adds an air‑gap design that eliminates physical attack vectors. The firmware and software are fully open source, allowing independent security audits.
Market Position & Competition
OneKey competes primarily with Ledger and Trezor in the hardware wallet space, and with software‑only wallets like MetaMask, Trust Wallet, and Phantom. The company claims the top position in the Eastern Hemisphere market. With $20 million raised from notable crypto‑focused VCs, OneKey is well‑capitalized to expand its product line and geographical reach.
Key Products
OneKey Shop
E‑commerce platform for purchasing hardware wallets directly.
OneKey Classic 1S
Standard hardware wallet supporting multiple cryptocurrencies.
OneKey App / Browser Extension
Software wallet for mobile and desktop that enables trading of crypto, stocks, and other assets; includes a “Keyless” wallet creation via email.
OneKey Classic 1S Pure
Battery-free hardware wallet optimized for Bitcoin, featuring open-source firmware and EAL 6+ security certification.
OneKey Pro
Faster cold storage device with support for multiple blockchains, designed for active traders.
OneKey App (Mobile/Desktop)
Non-custodial wallet supporting crypto, US stocks, commodities, and forex trading via on-chain markets, with bulk send/receive functions.
OneKey Browser Extension
Connects hardware wallet to decentralized applications for DeFi interactions.
OneKey Web App
Plug-and-play web interface for hardware wallet management and on-chain trading.
Offices & Headcount
46 employees (approx.)
Key Persons
- Yishi Wang
Founder & CEO