Keyban provides a Wallet-as-a-Service platform that enables businesses to create embedded, non-custodial wallets for users, facilitating gas-free transactions and secure access to digital assets without the need for seed phrases. The solution addresses the challenge of user onboarding in Web3 by simplifying wallet integration and enhancing customer engagement through tokenized loyalty programs and Digital Product Passports.
Funding
$520K 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.
JCFounders
Product
Problem
Web3 user onboarding is often hindered by the complexities of managing seed phrases and the need for browser extension wallets. This creates friction for new users and limits broader adoption of decentralized applications.
Solution
Keyban offers a Wallet-as-a-Service (WaaS) platform that allows businesses to create embedded, non-custodial wallets for their users. The platform simplifies the user experience by eliminating the need for seed phrases and enabling gas-free transactions through account abstraction. Keyban's solution enhances customer relationship management (CRM) with built-in privacy-preserving features, tokenized loyalty programs, and Digital Product Passports (DPP) to foster long-term customer engagement. The platform supports various blockchains using EdDSA and ECDSA, starting with EVM-compatible chains.
Target Audience
Keyban targets businesses seeking to integrate Web3 capabilities into their existing applications, particularly those focused on tokenizing real-world assets, enhancing customer loyalty, and complying with EU regulations regarding product traceability.
Features
- Embedded, non-custodial wallets integrated directly into applications
- Seed phrase-free onboarding via existing Single Sign-On (SSO)
- Gas-free transactions enabled by account abstraction
- Tokenized Digital Product Passports for product traceability and transparency
- Tokenized loyalty programs to enhance customer engagement and retention
- Advanced keyless protection using multi-party computation (MPC) protocol combining threshold secret sharing (TSS), secret sharing schemes (SSS), and hardware security modules (HSM)
- Proactive security measures with periodic key refreshing on both client and server sides
- Disaster recovery measures for secure fund access during user or provider-side adversities
- Support for EdDSA and ECDSA-based blockchains, including EVM chains