HOT Labs Holdings Ltd.
HOT Labs provides a non-custodial, multi-chain cryptocurrency wallet and bridge built on a decentralized multi-party computation (MPC) protocol. The platform enables users to manage, swap, stake, and bridge digital assets across major blockchains like NEAR, Solana, and Polygon, with security enforced by hardware-secured validator shares. Its HOT Bridge allows cross-chain transfers in roughly 30 seconds for the cost of a single token transfer.
- Artificial Intelligence
- Blockchain & Cryptocurrency
- Developer Tools
- Financial Technology
- Software Only
- Web3 & NFTs
Funding
Founders
Product
Problem
Traditional crypto wallets often rely on a single private key, creating a security risk if that key is compromised or lost. Additionally, managing assets across multiple blockchains typically requires switching between different wallets and using insecure bridges, which fragments the user experience and increases exposure to hacks.
Solution
HOT Labs offers a non-custodial, multi-chain wallet that uses multi-party computation (MPC) to split private key material across a user's device and a decentralized network of validators operating in Trusted Execution Environments (TEEs). This design ensures no single party, including HOT Labs, can access user funds. The integrated HOT Bridge enables cross-chain asset transfers in about 30 seconds for the cost of one token transfer, while a built-in staking and earning dashboard lets users manage positions across protocols without leaving the wallet interface.
Target Audience
Primary users are individual crypto holders and active DeFi participants seeking a secure, multi-chain wallet for daily transactions, staking, and cross-chain swaps, as well as Web3 merchants needing a non-custodial payment interface.
Features
- MPC-based wallet architecture where a user-generated key_shift and validator-held key shares in TEEs must cooperate to sign transactions, eliminating single points of failure.
- HOT Bridge supports fast, non-custodial transfers across major blockchains, completing transactions in roughly 30 seconds with a fee equivalent to one token transfer.
- Integrated staking, lending, and yield monitoring for assets like NEAR, SOL, and USDC directly within the wallet, with support for liquidity pools and farming.
- HOT Pay merchant interface for creating and embedding checkout links, enabling direct crypto payments without custody.
- Support for hardware wallet connections (e.g., Ledger) and custom RPC URL configuration for advanced users.
- Built-in tools for revoking ERC-20 token approvals and managing approvals across networks to enhance security.