YZi Labs Invests in OneKey to Bolster Crypto Security with Open-Source Hardware Wallets

YZi Labs, a prominent Web3 investment firm, has strategically invested in OneKey, an open-source hardware wallet provider, to address escalating security concerns in digital asset storage. The MOVE underscores a growing industry focus on self-custody solutions as centralized exchanges face mounting cyber threats.

OneKey’s technology integrates open-source hardware with on-chain threat analytics, catering to both retail and institutional users. The investment arrives amid a record $2.2 billion in crypto losses to hacks and scams in 2024, highlighting urgent demand for transparent custody alternatives.

The funding will accelerate innovation in wallet security, threat detection, and regulatory compliance across key markets. Founded in 2019, OneKey has expanded globally by bridging decentralized asset control with institutional-grade security protocols.