YZi Labs announced an investment in OneKey, and the funding will be used to iterate on next-generation hardware devices, enhance on-chain threat detection and contract analysis capabilities.

Odaily News YZi Labs announced an investment in the open source hardware wallet project OneKey, aimed at enhancing global asset security and providing users with low-threshold self-custody solutions. OneKey was established in 2019, with a team spread across China, Japan, South Korea, Dubai, and Italy. In three years, the user asset security has increased by 11 times, and the annual sales of hardware wallets have grown by an average of 300%. The product is characterized by its open source, security, and ease of use, and is favored by users in the markets of Asia, Europe, Australia, and Brazil. This round of financing will be used to iterate the next generation of hardware devices, strengthen on-chain threat detection and contract analysis capabilities, and accelerate compliance and user growth plans in the United States, Europe, and emerging markets. YZi Labs stated that OneKey is the "key gateway to Web3," which will help global users securely manage their assets.