Argent offers a self-custody smart wallet for cryptocurrencies that eliminates the need for seed phrases while providing features like low-cost token transactions and real-time fraud monitoring. The platform enables users to manage their digital assets securely and efficiently, addressing the complexities and high fees often associated with cryptocurrency transactions.
Funding
$57.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FVFounders
Product
Problem
Traditional cryptocurrency wallets often require users to manage complex seed phrases, creating a barrier to entry and increasing the risk of losing access to their digital assets. High transaction fees on networks like Ethereum also make using crypto assets impractical for everyday transactions.
Solution
Argent provides a self-custody smart wallet that removes the need for seed phrases, offering a more user-friendly and secure way to manage cryptocurrencies. The wallet utilizes a "guardian" system, allowing users to designate trusted individuals, hardware wallets, or services to assist with account recovery and transaction authorization. By leveraging Layer 2 scaling solutions like zkSync and StarkNet, Argent significantly reduces transaction fees, making DeFi accessible to a broader audience.
Target Audience
The primary target audience includes individuals seeking a secure and user-friendly way to manage their crypto assets, particularly those interested in DeFi and NFTs, as well as users in regions with high inflation or limited access to traditional financial services.
Features
- Seedless recovery through designated guardians (hardware wallets, trusted individuals, or Argent’s guardian service)
- Multi-factor authentication options, including 2FA
- Integration with Layer 2 scaling solutions (zkSync, StarkNet) for low-cost transactions
- Support for buying, storing, and sending ETH and other ERC-20 tokens
- Direct access to DeFi protocols, including TokenSets, Compound, Maker DSR, Aave, Uniswap V2 Liquidity, and Kyber
- NFT storage and management capabilities
- Mobile dapp browser for accessing Starknet dapps
- Transaction reviews to preview transaction details before signing
- Paymaster feature to pay fees in any preferred token
- Multicall feature to approve multiple transactions simultaneously
- Session keys to reduce the number of required signatures for Starknet dapps