Performances
RD Popularity Index
RD Growth Index
Comparison
Investment
Follow Updates
Follow Lists
People
About ZenGo
ZenGo is a non-custodial crypto wallet that replaces traditional seed phrases with MPC (Multi-Party Computation) technology. Its core business includes a consumer wallet supporting Bitcoin, Ethereum, Solana, and other major chains, as well as a business version offering multi-user access, role-based permissions, and compliance tools like audit trails and transaction approvals.
The main problem it solves is the vulnerability of seed phrases—users losing or having them stolen is a leading cause of crypto asset loss. By splitting the private key into two encrypted shares (one on the user's device, one on ZenGo's servers), no single party holds the full key, eliminating the single point of failure.
In terms of recent developments, ZenGo was acquired by eToro in April 2026 for approximately $70 million, a move aimed at integrating self-custody wallet technology into the trading platform's offerings. The acquisition was reported by CoinDesk and other outlets.
Regarding negative events, in September 2024, ZenGo disclosed a security incident where a hacker exploited a vulnerability in its email recovery flow, resulting in the theft of approximately $50,000 in crypto assets from a few users. The issue was patched, and affected users were reimbursed. This incident was publicly reported and acknowledged by the company.
ZenGo, founded in 2018, pioneered keyless MPC-based self-custody wallets, eliminating seed phrases. In 2021, it raised $20M in Series A, backing its growth. A major milestone came when Tether strategically invested in ZenGo Wallet, validating its institutional-grade security. MoonPay Ventures later joined as a strategic investor, expanding fiat-to-crypto accessibility. In 2026, eToro acquired ZenGo, integrating self-custody into its trading platform, marking a significant consolidation in the crypto wallet space. These events underscore ZenGo's evolution from a niche innovator to a key player in digital asset infrastructure.
Core progress in the last six months: In April 2026, crypto wallet ZenGo was acquired by trading platform eToro for an estimated $70 million. Built on MPC cryptography, ZenGo has no seed-phrase vulnerability and has served over 2 million users with zero wallet hacks since its 2018 founding. The acquisition brings ZenGo’s non-custodial wallet technology into eToro, strengthening its digital asset stack and linking its brokerage platform with on-chain infrastructure. Meanwhile, ZenGo’s official website announced that prediction markets are now live, expanding its on-chain use cases.
Future development focus and roadmap: eToro CEO Yoni Assia said the future of finance will be increasingly digital, decentralized and user-controlled, and self-custody will play an important role. The two parties plan to gradually integrate ZenGo’s technology into eToro’s platform while retaining ZenGo as a standalone product. Key growth areas include tokenized assets, prediction markets, perpetuals and other emerging decentralized trading models, as well as bridging traditional finance with the on-chain economy to offer a broader range of DeFi products and services to global users.
Co-founders and key executives:
Ouriel Ohayon (Co-founder & CEO) – LinkedIn: https://www.linkedin.com/in/ourielohayon/ | Twitter: https://x.com/OurielOhayon
Tal Be'ery (Co-founder & CTO) – LinkedIn: https://www.linkedin.com/in/talbeery/ | Twitter: https://x.com/TalBeerySec
Uri Kelman (Senior Director of Design & Creative) – LinkedIn: https://www.linkedin.com/in/urikelman/ | Twitter: https://x.com/urikelman