Name

NGRAVE

Legal name

Hestara SRL

Website

https://ngrave.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

NGRAVE is a Belgian hardware-wallet company selling the EAL7-certified NGRAVE ZERO cold-storage device, the GRAPHENE steel backup system, and the LIQUID companion app to security-conscious crypto holders and Web3 users in over 90 countries.

Ownership category

akta.pro rank

Product category

Crypto Hardware Wallets

NAICS

Software Publishers (5132)

SIC

Finance Services (6199)

akta.pro primary industry

NFT Custody, Wallets & Asset Management (collectibles wallets, vaults, portfolio tools) (FSAPAFAF)

Keywords

• Crypto hardware wallets
• Cold storage security
• Cryptocurrency self-custody
• Blockchain key management
• Air-gapped security devices

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Hardware Wallet Sales: One-time purchase revenue from selling NGRAVE ZERO hardware wallets, GRAPHENE backup plates, and combo packs. Prices range from €398 for ZERO to combo packages.
2. Third-Party Services Revenue Share: Revenue from embedded third-party services including crypto purchases (via providers), swapping (Changelly), private trading (BTC Direct), and crypto-backed loans (Arch Lending). NGRAVE likely receives referral/affiliate fees.
3. Custom Wallet Branding: Custom NGRAVE wallets tailored for specific brands and communities, offering white-label or branded hardware solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

NGRAVE designs, manufactures, and sells an integrated cold-storage ecosystem for cryptocurrencies and digital assets, centered on the NGRAVE ZERO air-gapped hardware wallet with EAL7 certification. The offering is complemented by the NGRAVE GRAPHENE encrypted stainless steel backup system and the NGRAVE LIQUID mobile companion app, along with integrated third-party services for buying, swapping, private trading, and crypto-backed lending.

Product overview

NGRAVE offers a unified product ecosystem centered on cold-storage cryptocurrency security. The core offering consists of three interconnected products: NGRAVE ZERO (hardware wallet), NGRAVE GRAPHENE (steel backup system), and NGRAVE LIQUID (mobile companion app). These products work together to provide a complete security solution where ZERO generates and stores keys offline, GRAPHENE provides fire-resistant physical backup, and LIQUID enables portfolio management without exposing keys. Additional services include Buy Crypto, Swap (via Changelly), Private Trading (via BTC Direct), and Crypto-Backed Loans (via Arch Lending), extending the platform into broader financial services.

Differentiator

Problem solved

Functional benefit

Brands

• NGRAVE ZERO: World's most secure air-gapped hardware wallet with EAL7 certification and biometric authentication
• NGRAVE GRAPHENE
• NGRAVE LIQUID

Products and services

• NGRAVE ZERO Hardware Wallet

Quantifiable outcome

• World's highest EAL7 security certification achieved - only financial product to reach this level
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MetaMaskcoreTechnology or IntegrationMetaMask integration allows NGRAVE ZERO users to explore Web3 with ultimate hardware security. Transactions, staking, swapping, bridging, and more can be signed fully offline using the hardware wallet while connected to MetaMask's Web3 interface.
• Rabby WalletcoreTechnology or IntegrationRabby Wallet integration enables NGRAVE ZERO users to securely interact with EVM-based chains. The partnership allows storing and transacting coins on all EVM chains even if not directly supported in the LIQUID app.
• ChangellyminorGTM or Marketing PartnerChangelly integration provides built-in crypto swapping functionality within the NGRAVE ecosystem, allowing users to swap cryptocurrencies directly through the platform.
• BTC DirectminorGTM or Marketing PartnerBTC Direct provides private trading services for NGRAVE users, enabling secure cryptocurrency purchasing through their platform.
• Arch LendingminorGTM or Marketing PartnerArch Lending partnership offers crypto-backed loans to NGRAVE users, allowing them to access liquidity without selling their crypto holdings.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ledger: Ledger is the dominant consumer hardware wallet maker (Nano S Plus, Nano X, Stax, Flex) and NGRAVE's primary direct competitor. Both sell air-gapped-style signing devices for self-custody of crypto and NFTs, and NGRAVE explicitly benchmarks against Ledger FLEX in its comparison table.
• Trezor: Trezor (Safe 3, Safe 5) is NGRAVE's other primary direct competitor in the consumer hardware wallet space, explicitly featured in NGRAVE's head-to-head comparison. Both target self-custody of crypto with security-focused hardware, and Trezor offers broader coin support (9,000+).
• Keystone: Keystone (formerly Cobo Vault) makes air-gapped QR-code hardware wallets, directly mirroring NGRAVE's core architectural choice. Both target the same security-first user persona and emphasize offline signing for Web3/DeFi use.
• Ellipal: Ellipal produces fully air-gapped hardware wallets with QR-code signing for self-custody of crypto and NFTs. Both companies compete on the same maximum-security positioning against Ledger/Trezor.
• BitBox02: Shift Crypto's BitBox02 is a Swiss-made hardware wallet focused on security and open-source firmware, appealing to the same security-conscious self-custody segment as NGRAVE ZERO.
• CoolWallet: CoolWallet makes credit-card-form-factor Bluetooth hardware wallets for crypto self-custody. It targets a similar consumer segment as NGRAVE but with a mobile-first convenience approach versus NGRAVE's premium security positioning.
• SafePal: SafePal offers both hardware wallets and a software/browser-extension ecosystem with broad token support. It overlaps with NGRAVE's product strategy but with a value-tier positioning and broader feature breadth rather than maximum security.
• Tangem: Tangem makes smartcard-form-factor hardware wallets with EAL6+ certified secure elements. It competes with NGRAVE in the cold-storage hardware wallet category, prioritizing portability and simplicity.

Emerging players

• Cypherock: Cypherock offers decentralized key-sharding hardware (X1 wallet) for self-custody with a recovery focus. It overlaps with NGRAVE's GRAPHENE backup value prop on key recovery resilience.

Broad incumbents

• Fireblocks: Fireblocks is an institutional digital asset custody platform that, while focused on B2B/institutional MPC custody, addresses the same private-key security problem NGRAVE solves for consumers. It represents an adjacent incumbent that could expand downmarket or partner with NGRAVE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ngrave_official
• GitHubgithub.com/ngraveio
• YouTubeyoutube.com/channel/UCJDIZfcaACOTMT_tc3IKaAg/featured
• Facebookfacebook.com/ngrave.io
• LinkedInlinkedin.com/company/ngrave
• Instagraminstagram.com/ngrave.io

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NGRAVE