Open Wallet
1 known investors
OpenWallet is a non-custodial crypto wallet that combines multiple financial tools in one app, supporting cross-chain transactions across Bitcoin, Ethereum, and Solana along with DeFi, NFT, and dApp access. It uses MPC technology and biometric protection instead of seed phrases, targeting mainstream consumers with no prior crypto experience.
Also known as FinVerse Labs FZ-LLC Β· Open Wallet: BTC & ETH Wallet Β· OpenWallet
Investors Β· 1
Company profile
researched Aug 2026Open Wallet is a consumer mobile wallet operated by FinVerse Labs FZ-LLC that bundles five financial tools into a single application: a multi-chain crypto wallet for storing, swapping and holding assets; payment cards for spending in multiple currencies; a Bitcoin Layer 2 component for faster Bitcoin transactions; a crypto trading and swap hub; and security and account-protection features. The company positions the product as a single app for crypto, fiat, cards and payments, aimed at users with no prior crypto experience.
The wallet supports cross-chain activity across Bitcoin, Ethereum, Solana, Polygon and Tron, and the Android listing additionally cites EVM networks such as Arbitrum and Optimism, sending to ENS addresses, an NFT gallery spanning six EVM chains and WalletConnect support for dApps and DeFi. Security is based on MPC key management, passkey and biometric authentication, and an encrypted Recovery Key that allows keyless account recovery via a text message rather than a seed phrase. Per its privacy policy, the operator states it does not have access to user private keys or funds, does not process transaction data, and collects only an email address obtained through Apple or Google Sign-In.
The website also markets a personal IBAN and lists real-time portfolio tracking, staking and farming access, and one-click dApp connectivity among its features.
Business model
Open Wallet distributes a free-to-install consumer mobile application through app stores; the sources describe the product's wallet, trading, card and payment functionality but do not state how the company charges users.
Traction
The Google Play listing reports more than 100,000 downloads as of its June 2026 update, and the company's website cites a community of over 50,000.
Latest developments
The Android application was updated on 25 June 2026. The website lists a personal IBAN and Bitcoin Layer 2 support among current offerings, and references "Backed by" and technology partner sections without naming specific parties in the retrieved material.
βΈFull profile β market position, technology, go-to-market, geography
Market position
Open Wallet competes in the consumer self-custody crypto wallet segment; its Google Play listing appears alongside wallets such as D'CENT, Trezor Suite, Ledger, imToken, EMCD Coinhold and OpenSea.
The product is presented as consolidating functions users would otherwise split across five or more financial apps, addressing cross-border transfer delays of two to five business days, currency conversion fees and the security exposure of using multiple services. Its stated technical differentiators are the removal of seed phrases through MPC and keyless recovery, biometric and passkey protection, and combined crypto, fiat, card and payment rails in one interface.
Technology
The wallet uses multi-party computation (MPC) key management in place of seed phrases, passkey authentication and biometric (face or fingerprint) verification, and an encrypted Recovery Key enabling keyless wallet recovery by text message. It operates across multiple blockchains β Bitcoin, Ethereum, Solana, Polygon, Tron and EVM networks including Arbitrum and Optimism β supports sends to ENS addresses, includes an NFT gallery covering six EVM chains, and integrates WalletConnect for dApp and DeFi access. The operator states it holds no access to users' private keys or funds and does not log usage, transactions or balances.
Go-to-market
Direct-to-consumer distribution via mobile app download, including the Google Play Store, supported by a marketing website and community channels on X (Twitter), Telegram, LinkedIn and Discord.
Mainstream retail users without prior crypto experience, alongside existing crypto holders. Website use cases cite gig-economy workers receiving pay across multiple apps, small online merchants handling cross-border currency conversion, students receiving international family transfers, and crypto users consolidating multiple wallets and exchanges.
Geography
The app's publisher, FinVerse Labs FZ-LLC, is registered at the Al Hamra Industrial Zone RAKEZ Amenity Center in Ras Al Khaimah, United Arab Emirates, with an Estonian (+372) contact number. Marketing use cases reference cross-border flows involving Germany and the United States.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 1
launches, deals, and filingsOpen Wallet: BTC & ETH Wallet, published by FinVerse Labs FZ-LLC, was updated on Google Play on 25 June 2026; the listing reports more than 100,000 downloads and describes support for Bitcoin, Ethereum, Tron and EVM chains including Polygon, Arbitrum and Optimism, passkey authentication, keyless recovery, an NFT gallery across six EVM chains and WalletConnect.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Open Walletopenwallet.finance Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Open Wallet do?
- Open Wallet is a non-custodial multi-chain crypto wallet app combining wallet, trading, payment cards and fiat features.
- Who are Open Wallet's investors?
- Open Wallet's investors include Yolo Investments.