Ellipal
- Company typePrivate
- Founded2018
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount11–50
- GTM typeB2C
- OfferingHardware or Manufacturing
Ellipal firmographics
Firmographics- Name
- Ellipal
- Legal name
- ELLIPAL LIMITED
- Website
- https://ellipal.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Ellipal industry classification
Industry- Product category
- Cryptocurrency Hardware Wallets
- akta.pro primary industry
- Self-Custody Wallets (Consumer & Institutional) (FSADACAE)
Keywords
Where Ellipal is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
Ellipal business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Marketing or Sales, Technology or R&D, Personnel, Operations
Revenue model
- Hardware Wallet Sales: Ellipal generates revenue primarily through the sale of hardware cold wallet devices (Titan 2.0, Titan Mini, X Card), seed phrase backup products (Seed Phrase Steel), and seed phrase generators (Joy), sold as one-time perpetual hardware purchases with no recurring subscription fees for device use.
- Accessories and Bundles: Sale of protective cases, security adapters, card backups, and bundle packages combining multiple products at discounted prices, providing additional per-transaction revenue from the existing customer base.
- Third-Party Service Integration Fees: Integrated third-party services (token swaps via Changelly/ChangeNOW/SimpleSwap, buy/sell via MoonPay/Simplex, staking via Kiln) generate revenue through service partnerships, though the company states it does not provide custody, financial advice, or transaction services directly.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | ELLIPAL Titan 2.0 |
| One time/ perpetual license | Pay-as-you-go | ELLIPAL X Card |
| One time/ perpetual license | Pay-as-you-go | ELLIPAL Titan Mini |
| One time/ perpetual license | Pay-as-you-go | ELLIPAL Seed Phrase Steel |
| One time/ perpetual license | Pay-as-you-go | ELLIPAL Joy Seed Phrase Generator |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Ellipal product offering
Product offeringCore offering
Ellipal designs, manufactures, and sells air-gapped cryptocurrency hardware wallets and supporting security accessories for self-custody of digital assets. The product lineup includes the Titan 2.0 and Titan Mini (QR-code-based cold wallets), the X Card (NFC-based card wallet), the Seed Phrase Steel backup plate, and the Joy offline seed phrase generator. Devices keep private keys entirely offline using secure element chips (CC EAL5+/EAL6+) and pair with the ELLIPAL Wallet mobile app for token swaps, staking, and dApp connectivity without ever exposing the keys to an internet-connected environment.
Product overview
Ellipal offers a unified cold wallet ecosystem centered on air-gapped hardware security for cryptocurrency self-custody. The core product line consists of three hardware wallets: the Titan 2.0 (flagship 4-inch touchscreen air-gapped device), Titan Mini (compact air-gapped version), and X Card (NFC-based card wallet with EAL6+ secure chip). These devices work in conjunction with the ELLIPAL Wallet App for mobile asset management. Supporting products include the Seed Phrase Steel (stainless steel backup plate) and Joy (offline seed phrase generator) for complete security lifecycle management. Accessories include protective cases and security adapters. The ecosystem supports 40+ blockchains, 50+ stablecoins, and 10,000+ tokens, with integrated services for buying, selling, swapping, staking, and dApp connectivity.
Differentiator
Problem solved
Functional benefit
Products and services
- ELLIPAL Titan 2.0 An air-gapped hardware cold wallet for individual cryptocurrency holders featuring a 4-inch touchscreen display, QR-code-based transaction signing, CC EAL5+ secure element, metal-sealed body, and support for 40+ blockchains, 50+ stablecoins, and 10,000+ tokens. Sold standalone at $169 or in bundles.
- ELLIPAL Titan Mini A compact air-gapped cold wallet with a 2.7-inch HD color display, QR-code signing, CC EAL5+ secure element, metal-sealed body, and support for 40+ blockchains, 50+ stablecoins, and 10,000+ tokens. Priced at $79 standalone.
- ELLIPAL X Card An NFC-based hardware cold wallet card that signs transactions via tap-to-sign against a smartphone, with private keys stored on a CC EAL6+ secure chip. No battery or charging required; supports 40+ blockchains and 10,000+ tokens. 1-card set priced at $69; 3-card set at $108.
- ELLIPAL Seed Phrase Steel A 316 stainless steel backup plate for cryptocurrency seed phrases, fireproof up to 2649.2°F (1454°C) and waterproof. Stores up to a 24-word seed phrase or two 12-word phrases using the BIP-39 first-4-letters method. Starter at $49, Duo at $79.
- ELLIPAL Joy Seed Phrase Generator The world's first offline seed phrase generator with hardware-based True Random Number Generation (32-bit entropy from an analog ST chipset circuit). Fully open-source on GitHub for community auditing, BIP-39 compatible, 37mm × 37mm × 37mm form factor. Priced at $39.
- ELLIPAL Wallet App Mobile companion application (iOS and Android) for managing crypto assets paired with ELLIPAL cold wallets, providing buy/sell (MoonPay, Simplex), token swaps (Changelly, ChangeNOW, SimpleSwap), staking (Kiln), and dApp connectivity (WalletConnect, MetaMask) for 40+ blockchains and 10,000+ tokens.
Companies that use Ellipal
Customer profileSegments3 records
Ideal customer profiles3 records
Ellipal technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature10 records
Ellipal partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- N.exchangecoreIntegration of N.exchange's centralized swap routing and decentralized cross-chain protocol directly into the ELLIPAL hardware wallet, enabling self-custodial token swaps and cross-chain transfers without funds passing through third-party exchange accounts. Provides both a CeFi-powered centralized routing option and a non-custodial cross-chain protocol.
- AscendEXcoreAscendEX partnered with ELLIPAL to deliver improved security solutions for crypto asset management. The collaboration aims to address growing cyber threats in the crypto sector and meet rising demand for institutional-level asset protection among professional and retail traders.
- PAYDAOcoreLaunch of ELLIPAL Pay x PAYDAO, a self-custodial on-chain Point-of-Sale payment ecosystem enabling native stablecoin payments at physical merchant locations. The system authorizes transactions locally on NFC payment cards, signs them offline, and settles them directly on-chain. Currently in validation phase with single-chain support; multi-chain EVM integration planned for 2026.
- Quack AI / 0xU Hong Kong Blockchain ClubminorELLIPAL sponsored the 'AI x Web3 Builders' networking event at Consensus Hong Kong 2026, co-hosted by Quack AI and 0xU Hong Kong Blockchain Club. Focus on technical discussions around autonomous agents, ZKML, and privacy-preserving cryptography.
- MetaMaskcoreTitan 2.0 integrates with MetaMask, allowing users to link their Ellipal hardware wallet to MetaMask for dApp interactions and Web3 access.
- WalletConnectcoreEllipal supports WalletConnect protocol, enabling connection to 200+ decentralized applications across Ethereum, BNB, Avalanche, Polygon, and other chains.
- ChangellycoreChangelly powers token swap services within the ELLIPAL App, enabling users to swap over 2,000 tokens across 40+ blockchains with no KYC required.
- ChangeNOWcoreChangeNOW provides instant non-custodial cryptocurrency exchange services integrated into the ELLIPAL ecosystem.
- SimpleSwapcoreSimpleSwap provides instant non-custodial crypto exchange with 2,800+ assets and 3.2M+ trading pairs, integrated into the ELLIPAL platform.
- MoonPaycoreMoonPay enables buy and sell functionality for crypto within the ELLIPAL App, supporting payments via cards, Apple Pay, Google Pay, SEPA, and Venmo across 10+ fiat currencies.
- SimplexcoreSimplex provides fiat on-ramp services powering buy/sell crypto functionality in the ELLIPAL ecosystem.
- KilncoreKiln powers staking functionality within the ELLIPAL App, supporting staking on ADA, ATOM, XTZ, DOT, and KSM.
- CoinGeckominorCoinGecko is listed as a blockchain service provider partner on Ellipal's partner page, providing cryptocurrency data and price tracking.
- CoinMarketCapminorCoinMarketCap is listed as a blockchain service provider partner on Ellipal's partner page, providing market data and price tracking for the app's Market feature.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Ellipal competitors and assessment
Company assessmentDirect peers
- Ledger: French-headquartered hardware wallet maker (Nano S Plus, Nano X, Stax, Flex) and dominant category leader. Directly competes with Ellipal in self-custody hardware wallets, using secure element chips and supporting thousands of tokens across dozens of blockchains.
- Trezor: Czech-based pioneer of consumer hardware wallets (Trezor Model T, Safe 3, Safe 5), operated by SatoshiLabs. Directly competes with Ellipal in self-custody hardware wallets, with the longest-standing brand trust in the category.
- Tangem: Swiss maker of card-form-factor hardware wallets using NFC tap-to-sign with EAL6+ secure elements. Most direct competitor to Ellipal's X Card, with similar portable, battery-free design philosophy.
- Keystone: Air-gapped hardware wallet maker (Keystone Pro, Keystone 3 Pro) using QR code signing and EAL5+/EAL6+ secure elements. Direct competitor to Ellipal Titan in the air-gapped niche, with similar fingerprint sensor and large touchscreen.
- CoolWallet: Taiwan-based card-form-factor hardware wallet maker (CoolWallet Pro, CoolWallet S) using Bluetooth and EAL5+/EAL6+ secure elements. Competes with both Ellipal's X Card on portability and the Titan series on self-custody.
- SafePal: Hardware + software wallet ecosystem (SafePal S1, S Pro) backed by Binance. Competes with Ellipal across both hardware air-gapped wallets and the mobile companion app layer, with similar token coverage and DeFi integrations.
- BitBox02: Swiss-made hardware wallet (BitBox02) from Shift Crypto with dual-chip architecture and secure element. Direct competitor in the self-custody hardware wallet space with a focus on open-source security.
- Ngrave: Belgian air-gapped hardware wallet maker (Ngrave Zero) with EAL7 secure element and metal-sealed body. Direct competitor to Ellipal Titan in the high-security air-gapped segment.
- Cypherock: India-based hardware wallet (Cypherock X1) with decentralized key sharding across multiple cards. Competes with Ellipal in the self-custody hardware wallet space with a different backup architecture.
- KeepKey: US-based hardware wallet owned by ShapeShift, featuring a large display and integration with the ShapeShift trading platform. Long-standing direct competitor to Ellipal in the consumer hardware wallet category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ellipal social profiles
Digital presenceEllipal compliance and trust
Trust signalCompliance2 records
Ellipal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ellipal leadership team
Management profileNumber of profiles
Profiles3 records
Ellipal funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ellipal M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ellipal
What does Ellipal do?
Ellipal designs, manufactures, and sells air-gapped cryptocurrency hardware wallets and supporting security accessories for self-custody of digital assets. The product lineup includes the Titan 2.0 and Titan Mini (QR-code-based cold wallets), the X Card (NFC-based card wallet), the Seed Phrase Steel backup plate, and the Joy offline seed phrase generator. Devices keep private keys entirely offline using secure element chips (CC EAL5+/EAL6+) and pair with the ELLIPAL Wallet mobile app for token swaps, staking, and dApp connectivity without ever exposing the keys to an internet-connected environment.
Is Ellipal a public or private company?
Ellipal is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ellipal founded?
Ellipal was founded in 2018. It employs 11 to 50 people.
Where is Ellipal based?
Ellipal is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Ellipal make money?
Three revenue lines are on record. Hardware Wallet Sales are the primary driver. The others are accessories and Bundles and third-Party Service Integration Fees.
Who are Ellipal's main competitors?
Direct peers on record are Ledger, Trezor, Tangem, Keystone, CoolWallet, SafePal, BitBox02, Ngrave, Cypherock and KeepKey.
Does Ellipal have an API?
No public API is recorded for Ellipal.
What industry is Ellipal in?
Ellipal's product category is Cryptocurrency Hardware Wallets. Its primary akta.pro industry code is FSADACAE, Self-Custody Wallets (Consumer & Institutional).