Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the financial sector. This time, you get to discover 5 hand-picked fintech startups offering decentralized wallets.
Out of 182, the Global Startup Heat Map highlights 5 Top Startups offering Decentralized Wallets
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 182 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 fintech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 177 decentralized wallets, get in touch.
Click to download
Dexwallet integrates DeFi Solutions with Cryptocurrency Storage
Founding Year: 2017
Location: France, Paris
Partner for: Cryptocurrency Trading
French startup Dexwallet creates decentralized financial (DeFi) solutions for open finance. The startup’s mobile wallet features DeFi applications for borrowing, lending, exchange, and native in-wallet staking. It also offers Dexpay, a secure and fast point of sale solution for physical stores and online shops that accepts cryptocurrencies and converts them to dai coins which is a stablecoin cryptocurrency to reduce price volatility. Dexwallet also provides a white-label wallet for companies to kick-start their cryptocurrency projects.
TrustBlock develops Cold Wallets
Founding Year: 2018
Location: Tel Aviv, Israel
Partner for: Cryptocurrency Storage
Israeli startup TrustBlock provides cold bitcoin wallets. The startup’s wallet contains four blocks to securely protect the stored assets in an isolated protective case. Each of the blocks may be manually split to further decentralize the wallet and increase security. The wallet also contains features to deposit and store cryptocurrency using a public key, pay or send through a private key and recover them using a seed key. This wallet gives cryptocurrency holders a transfer and storage solution that allows them to maintain the privacy of their data as it does not involve third parties. A large portion of cryptocurrency is lost when transferred through inheritance due to lost keys and failed recoveries which are solved through the startups split and combine mechanism of recovery kits.
HODL Wallet develops an Open-Source Cold Wallet
Founding Year: 2018
Location: Miami, US
Partner for: Bitcoin Privacy
US-based startup HODL Wallet creates an open-source and decentralized wallet for users to send, receive and save bitcoin. The wallet generates and stores users bitcoin private keys on their devices, providing constant access to their cryptocurrency assets without the fear of them being frozen. Additionally, it uses bitcoin simplified payment verification (SPV) technology to connect users directly to the bitcoin network, enabling advanced users to point their wallets directly to their own Bitcoin node. The wallet also provides users an extra layer of data privacy as it is free to use and doesn’t require any information to create a wallet.
Prokey manufactures a Cryptocurrency Hardware Wallet
Founding Year: 2018
Location: Kuala Lumpur, Malaysia
Partner for: Cold Storage Device
Malaysian startup Prokey creates security products and solutions for the cryptocurrency industry. The startup’s dcold wallet receives and stores as well as transacts with digital assets like Bitcoin, Ethereum, and more. It features secure firmware that constantly checks to ensure it is genuine and not tampered with, management of USDT support with a high level of security, and account and coin access through web-browsers. The wallet provides both security and accessibility to users as well as quick recovery with seed combinations.
XEEDA offers a Hardware Wallet for Smartphones
Founding Year: 2017
Location: Grange, Ireland
Partner for: Smartphone-based Cryptocurrency Hardware Wallet
Irish startup XEEDA creates a hardware cryptocurrency wallet that is accessible using smartphones. The startup’s wallet features a biometric authenticator that provides secure access to cryptocurrencies, allowing users to manage balance and initiate transfers. The wallet supports multiple cryptocurrencies as well as the creation of multiple secure access folders for several digital assets. Moreover, the wallets contain continuous cybersecurity protocols to safeguard the cryptocurrency in the case of viruses or malware in the connected smartphone.
Discover more FinTech Startups
FinTech startups such as the examples highlighted in this report focus on cryptocurrency, biometrics, open-source solutions as well as decentralized finance. While all of these technologies play a major role in advancing the financial services industry, they only represent the tip of the iceberg. To explore more financial technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free FinTech Innovation Report to save your time and improve strategic decision-making.
