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Hong Kong-based blockchain analysis platform OneKey announced via tweet that it has raised $20 million in a Series A funding round.
The round was co-led by venture capital firms Dragonfly Capital and Ribbit Capital. Other investors in the round were Framework Ventures, Sky9 Capital, Folius Ventures, Ethereal Ventures, and Coinbase.
Likewise, two individual investors who double as crypto players Santiago Roel Santos and Feng Liu also joined the Series A round. Right after the Series A round, the firm closed a smaller round with participants from IOSG Ventures.
Yishi Wang, a major contributor to OneKey tweeted “One more thing, we are super excited to announce that after series A, we have also closed a new round of small funding with participation from @IOSGVC for an unspecified amount.”
OneKey Pushing Open Source Innovation
The OneKey wallet is one of those that are publicly hosted on the internet hosting platform GitHub. OneKey claims that its code is open source. According to the Hong Kong-based platform, if a wallet doesn’t open source its code, you’re likely to worry that it’s hiding a backdoor that could compromise the security of your assets.
“OneKey is, to date, the only hardware wallet in the world that is 100% open source and uses a certified secure chip,” Wang tweeted.
In all its twelve years of existence, OneKey claims to be the top hardware wallet in the Eastern Hemisphere.
OneKey has about 30 active employees and has no plan to increase its staff strength in the near future. The firm has been a custodian for billions of dollars worth of crypto assets and is continually growing faster than other similar protocols.
Furthermore, the firm plans to include support options for more blockchain on its platform soon enough. In effect, every year 40 networks will be added until it is finally cut across all public blockchains. Once this is achieved, users can conduct staking on the OneKey platform, they can as well store their cryptocurrencies and Non-fungible tokens (NFTs).
Another recent Series A round was the one completed by crypto bug bounty platform, Immunefi. The platform raised $24 million with several investors to expand its in-house capacity.
The post OneKey Raise $20M With DragonFly and Ribbit Capital appeared first on Blockchain, Crypto and Stock News.
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