A Hong Kong-based crypto {hardware} pockets maker has raised round $20 million in a Sequence A funding spherical.
OneKey introduced on Twitter that the funding spherical was led by Dragonfly and Ribbit Capital. Different individuals included Coinbase Ventures, Framework Ventures, Sky9 Capital, Folius Ventures and Ethereal Ventures. Whereas angel traders, together with Santiago Santos and Feng Liu, additionally backed the spherical.
“We’re thrilled to announce that OneKey has closed a Sequence A spherical of roughly $20 million led by @dragonfly_xyz and @RibbitCapital, and adopted by @hiFramework, @Sky9Capital, @FoliusVentures, @etherealvc, @coinbase, @santiagoroel, and @fishkiller,” Yishi Wang, a core contributor at OneKey, tweeted.
Together with Sequence A funding, OneKey additionally closed a spherical of “small funding” with different individuals from IOSG Ventures, based on a tweet from Wang.
“Yet another factor, we’re tremendous excited to announce that after collection A, we have now additionally closed a brand new spherical of small funding with participation from @IOSGVC for an unspecified quantity,” he tweeted.
OneKey claims that its code is open supply. In line with the crypto {hardware} pockets agency, if a crypto pockets doesn’t function in an open supply manner, it might cover a backdoor that would compromise the safety of buyer property.
“OneKey is, thus far, the one {hardware} pockets on this planet that’s 100% open supply and makes use of an authorized safe chip,” mentioned one other tweet from Wang at this time.
The corporate believes that it’s the primary {hardware} pockets within the Japanese Hemisphere since its basis in 2020. In line with Wang, OneKey has overtaken custody of billions of {dollars} in crypto property. He additionally believes that the agency continues to develop quickly with out “incomplete Third-party statistics.”
Wang has additionally revealed – citing knowledge from the agency’s shipped orders – that rival pockets maker Ledger and crypto companies Alchemy and Infura are utilizing OneKey’s units.
At the moment, there are round 30 individuals working for OneKey and the pockets maker has no plans to extend that quantity. “OneKey may be very aware of controlling the burn charge and prioritizing long-term profitability,” Wang mentioned. He additionally added that the agency at present doesn’t have any plans for a local token.
Picture supply: Shutterstock
