YZi Labs invests in OneKey, promoting an open-source hardware wallet for crypto security.

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YZi Labs has just announced an investment in OneKey, a developer of an open-source hardware wallet that helps users securely self-custody their assets. OneKey targets both individual and institutional users amidst losses from hacks and scams exceeding 2.2 billion USD in 2024.

Founded in 2019, OneKey has increased its asset protection value by 11 times and recorded a 300% annual growth in hardware wallet sales. After launching the Earn feature with USDC, the project attracted over 62 million USD from major investors.

The investment will support OneKey in developing a new generation wallet, upgrading on-chain security, and expanding into the US, Europe, and emerging markets.

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