Blanq offers a distributed-key hardware crypto wallet designed for enhanced security and ease of use. This self-custodial solution eliminates the need for passwords or seed phrases by utilizing a next-generation secure processor architecture. It enables users to securely access any blockchain and decentralized application directly from their device without exposing private keys.
Funding
$600K 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.
VGFounders
Product
Problem
Traditional cryptocurrency wallets often rely on single-point security measures like passwords or seed phrases, creating vulnerabilities where a single compromise can lead to complete loss of funds. Hardware wallets offer improved security but can be cumbersome to use, requiring additional devices and complex procedures for transactions.
Solution
Blanq Wallet provides a hybrid self-custody crypto wallet that enhances security by distributing private keys across multiple factors, including a Blanq Card, mobile device, and optional guardians. This distributed-key approach eliminates the need for seed phrases and ensures that access requires authorization from multiple independent sources, making it significantly more resistant to unauthorized access. The Blanq Card utilizes a secure element to generate signing keys on-the-fly, further protecting assets. The wallet combines the security of a hardware wallet with the convenience of a hot wallet, enabling users to securely store, manage, and transact digital assets with a streamlined user experience.
Target Audience
The primary target audience includes both new and experienced cryptocurrency users seeking a secure and user-friendly solution for managing their digital assets and interacting with Web3 applications.
Features
- Distributed-key generation and management across multiple shares (card, device, cloud, guardians)
- Secure element within the Blanq Card for on-the-fly key generation during signing operations
- Mobile app for managing crypto assets, initiating transactions, and interacting with Web3 applications
- Support for popular blockchains including Bitcoin, Ethereum, and Solana
- Recovery mechanism that allows access to the wallet even if the card or device is lost, without relying on seed phrases
- Compatibility with WalletConnect for accessing decentralized applications
- Strong encryption for communication between the Blanq Card and the paired mobile device