Torus Labs
Torus Labs is a Singapore-based developer infrastructure company that provides non-custodial key management and pluggable authentication for Web3 applications via its Web3Auth SDK, using threshold cryptography and a distributed node operator network.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Torus Labs does
Torus Labs Private Limited is a Singapore-headquartered developer infrastructure company founded in 2018 that builds non-custodial key management and authentication infrastructure for Web3 applications. The company's core technology is the Torus Key Infrastructure (tKey/TKI), which uses threshold cryptography based on 2-of-3 Shamir Secret Sharing to split a user's private key into a device share, a login service share (held by a distributed network of nodes), and a recovery share. Reconstruction of the private key requires any two of the three shares, eliminating the seed-phrase management burden that has historically driven user drop-off in Web3 onboarding. A Distributed Key Generation (DKG) network is operated by nine core node operators — Binance, Polygon, ENS, Etherscan, Tendermint, SKALE, Zilliqa, Ontology, and Torus — providing globally distributed, censorship-resistant key generation.
The product portfolio is anchored by Web3Auth, a pluggable authentication SDK positioned as the company's primary integration product, with consumer-facing wallets (Torus Wallet for EVM, Torus Solana Wallet, Torus XRPL Wallet) and the user-facing OpenLogin authentication product. The previously offered CustomAuth SDK has been deprecated in favor of Web3Auth. Distribution is SDK-first and self-serve via a developer dashboard (developer.tor.us / dashboard.web3auth.io), complemented by documentation, GitHub open-source repositories, Telegram and Discord developer channels, and a Medium blog. Revenue mechanics are described as subscription/recurring for SDK access, although pricing is not publicly disclosed; the company monetizes both developer integrations and the consumer wallet products.
The company has raised approximately $14.5M across an early seed round (~$1.47M in 2019 from Kosmos Ventures) and a $13M Series A in 2021 led by Multicoin Capital and Binance Labs, with participation from Fenbushi Capital, Accomplice, and Coinbase. Headcount is reported at 11–50 employees. Named customers span Web3 gaming (Skyweaver via Sequence, Chain Games), NFT infrastructure (Kukai Wallet, which reported 1M+ user logins), enterprise blockchain infrastructure (ChainSafe, Polygon, Kadena, Solana), and major exchanges (Binance Extension Wallet). The four security audits conducted by Certik, Cure53, Kudelski, and academic reviewer Aniket Kate, combined with an active tiered bug bounty program, support the security posture of the key infrastructure layer.
Torus Labs firmographics
Firmographics- Name
- Torus Labs
- Legal name
- Torus Labs Private Limited
- Website
- https://tor.us
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Torus Labs is a Singapore-based developer infrastructure company that provides non-custodial key management and pluggable authentication for Web3 applications via its Web3Auth SDK, using threshold cryptography and a distributed node operator network.
- Ownership category
- akta.pro rank
Torus Labs industry classification
Industry- Product category
- Web3 Authentication and Key Management Infrastructure
- NAICS
- Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Authentication & Access Control (Web3 login, SIWE, passkeys, MFA, policy engines) (FSAPACAI)
- akta.pro secondary industries
- Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF), Single Sign-On (SSO) & Federation (BPAMAEAF)
Keywords
Where Torus Labs is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Torus Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Web3Auth SDK / Authentication Infrastructure: Primary revenue stream from Web3Auth SDK integration services for Web3 applications and wallets. Developer dashboard provides tools and infrastructure for key management.
- OpenLogin (Deprecated): Plug-n-play auth suite combining passwordless authentication with non-custodial PKI for mobile and web applications, now superseded by Web3Auth.
- CustomAuth (Deprecated): Fully customizable authentication experiences for developers requiring more control over UI and login flows, deployed via developer dashboard.
Go-to-market motion2 records
Distribution channels7 records
Marketing channels9 records
Torus Labs product offering
Product offeringCore offering
Torus Labs develops and distributes open-source, non-custodial key management infrastructure for Web3 applications. Its flagship product, Web3Auth, is a pluggable authentication SDK that lets developers onboard users with familiar Web 2.0 logins (Google, Facebook, Discord, etc.) by splitting private keys across device, login service, and recovery shares using threshold cryptography. The company also ships consumer-facing wallets (EVM, Solana, XRPL) and the OpenLogin authentication product that demonstrate and extend the same key infrastructure.
Product overview
Torus Labs offers a suite of open-source, non-custodial key management products centered around the Torus Key Infrastructure (tKey). The flagship product is Web3Auth, a pluggable authentication infrastructure that provides simplified Web3 onboarding through familiar Web2.0 login flows (social logins, biometrics, passwordless). The core technology uses threshold cryptography (Shamir Secret Sharing 2/3) to split private keys between device, login service, and recovery share. Product portfolio includes consumer-facing wallets for Ethereum (Torus Wallet), Solana, and XRP Ledger (XRPL Wallet), plus OpenLogin for user authentication. CustomAuth provides a customizable developer SDK for more control over integration (now deprecated in favor of Web3Auth). All products leverage the distributed Torus Network of validator nodes for key generation and management.
Differentiator
Problem solved
Functional benefit
Products and services
- Web3Auth Pluggable authentication infrastructure SDK for Web3 applications and wallets. Provides non-custodial key management with social login, passwordless, and OAuth-based onboarding, replacing seed phrases with familiar Web 2.0 login flows. Target users: Web3 dApp and wallet developer teams.
- Torus Key Infrastructure (tKey / TKI) Open-source non-custodial key management network that splits a user's private key into three shares (device, login service, recovery) using 2-of-3 Shamir Secret Sharing. Any two shares can reconstruct the key, eliminating the need for seed phrases. Target users: developers integrating authentication and wallet infrastructure.
- OpenLogin Plug-and-play authentication suite combining passwordless login, social account SSO, device biometrics, and non-custodial PKI for mobile and web applications. Target users: developers building Web2 and Web3 apps that need passwordless onboarding; now superseded by Web3Auth.
- Torus Wallet (EVM) MetaMask-compatible Web3 wallet for Ethereum and EVM-compatible networks (Ethereum, Polygon, BSC, etc.) that supports social login, fiat-to-crypto on-ramp, and NFT viewing. Target users: end users who want a seed-phrase-free crypto wallet across multiple EVM chains.
- Torus Solana Wallet Dedicated Solana blockchain wallet that lets users sign in with social accounts (no seed phrase) and interact with Solana dApps. Target users: end users and Solana ecosystem participants.
- Torus XRPL Wallet XRP Ledger wallet for storing, managing, and transacting with XRP and other digital assets on XRPL. Supports OAuth social logins, fiat-to-crypto purchasing via Simplex and Topper, NFTs, contacts, and account import/export. Target users: XRP and XRPL NFT users.
- CustomAuth Fully customizable authentication SDK supporting cross-platform (Web, Android, iOS, React Native) and blockchain-agnostic integration with custom login methods. Allowed developers full UI control. Target users: developers needing deep customization. Deprecated in favor of Web3Auth.
Quantifiable outcome
- 64% increase in conversion rates with familiar authentication flows vs traditional seed phrase onboarding
- +2 more outcomes
Companies that use Torus Labs
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Torus Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature6 records
Torus Labs partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- BinancecoreNode operator in the Torus Network, providing distributed key generation infrastructure. Binance also offers Binance Extension Wallet powered by Web3Auth for seamless Web3 onboarding.
- Polygon (Matic)coreNode operator providing infrastructure for the Torus Key Infrastructure. Polygon integrates Web3Auth for ecosystem accessibility and simplicity.
- Ethereum Name Service (ENS)coreNode operator in the Torus Network contributing to distributed key generation and network governance.
- EtherscancoreNode operator providing infrastructure and blockchain data expertise to the Torus Network ecosystem.
- TendermintcoreNode operator contributing to the BFT consensus infrastructure of the Torus Network.
- SKALEcoreNode operator providing Layer 2 scalability infrastructure integration for the Torus Network.
- ZilliqacoreNode operator contributing blockchain expertise to the Torus distributed key generation network.
- OntologycoreNode operator providing identity and infrastructure support to the Torus Network.
- Torus (Node)coreThe company operates its own node in the Torus Network as part of the distributed key generation infrastructure.
- SimplexcoreFiat-to-crypto payment provider integrated for cryptocurrency purchasing via credit card/wire transfer in the XRPL Wallet.
- ToppercoreFiat-to-crypto payment provider for purchasing XRP directly in the XRPL Wallet.
- Google OAuthcoreOAuth authentication provider integrated via Web3Auth for Google login functionality.
- CloudflarecoreTraffic optimization and distribution service used to optimize performance of Torus Labs services.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Torus Labs competitors and assessment
Company assessmentDirect peers
- Magic Labs: Magic Labs (formerly Magic) provides passwordless Web3 authentication and embedded wallets via SDK — the closest direct competitor to Web3Auth, targeting the same developer-and-wallet use case with social login flows and non-custodial key management.
- Particle Network: Particle Network delivers Web3 authentication and account-abstraction infrastructure, including social-login wallet flows. Competes head-to-head with Web3Auth for dApp developer mindshare, especially in the Asian market.
- Lit Protocol: Lit Protocol provides decentralized key management and programmable access control using threshold cryptography, overlapping with Torus Labs' tKey/DKG architecture. Targets similar Web3 auth and signing use cases with a network-of-nodes model.
- thirdweb: thirdweb is a full-stack Web3 developer platform that includes social-login wallet onboarding as part of its broader SDK suite. Overlaps with Web3Auth in the authentication/onboarding segment but bundles it with smart-contract tooling.
- Sequence (Horizon Blockchain Games): Sequence offers smart wallets and Web3 auth infrastructure, notably powering Skyweaver (a Torus Labs customer that uses Web3Auth as one of multiple keys). A competing wallet/auth stack targeting the same gaming and dApp segments.
- WalletConnect: WalletConnect is the dominant wallet-to-dApp connectivity protocol, providing session-based auth flows between wallets and applications. Comparable to Torus Labs on the wallet-connectivity dimension and increasingly competitive on social-login onboarding.
- Dynamic: Dynamic offers a Web3 auth and wallet platform with social login, multi-chain support, and embedded wallets. Directly competes with Web3Auth for the developer-tier authentication infrastructure layer.
Emerging players
- Clerk: Clerk is a developer-first authentication platform that has added Web3 / passkey support. While primarily Web2-focused, its move into Web3 auth makes it an adjacent emerging competitor for the social-login-to-wallet use case.
- Privy (acquired by Stripe): Privy offers embedded wallets with social-login onboarding and is now backed by Stripe. Targets the same developer-first Web3 auth segment as Web3Auth, with growing fintech distribution post-acquisition.
Broad incumbents
- Auth0 (Okta): Auth0 is the enterprise SSO/identity incumbent, already integrated into Web3Auth's custom JWT login flow. Represents the broader identity/auth category against which Torus Labs competes at the Web3-specific edge.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Torus Labs social profiles
Digital presenceTorus Labs compliance and trust
Trust signalCompliance5 records
Torus Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Torus Labs leadership team
Management profileNumber of profiles
Torus Labs funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Torus Labs 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 Torus Labs
What does Torus Labs do?
Torus Labs develops and distributes open-source, non-custodial key management infrastructure for Web3 applications. Its flagship product, Web3Auth, is a pluggable authentication SDK that lets developers onboard users with familiar Web 2.0 logins (Google, Facebook, Discord, etc.) by splitting private keys across device, login service, and recovery shares using threshold cryptography. The company also ships consumer-facing wallets (EVM, Solana, XRPL) and the OpenLogin authentication product that demonstrate and extend the same key infrastructure.
Is Torus Labs a public or private company?
Torus Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Torus Labs founded?
Torus Labs was founded in 2018. It employs 11 to 50 people.
Where is Torus Labs based?
Torus Labs is headquartered in Singapore, Singapore, in the Asia region.
How does Torus Labs make money?
Three revenue lines are on record. Web3Auth SDK / Authentication Infrastructure is the primary driver. The others are openLogin (Deprecated) and customAuth (Deprecated).
Who are Torus Labs's main competitors?
Direct peers on record are Magic Labs, Particle Network, Lit Protocol, thirdweb, Sequence (Horizon Blockchain Games), WalletConnect and Dynamic. Emerging players are Clerk and Privy (acquired by Stripe). Auth0 (Okta) is listed as a broad incumbent.
Does Torus Labs have an API?
Yes. Torus Labs provides multiple SDKs for authentication and wallet integration. The Torus Embed SDK (@toruslabs/torus-embed) provides Web3 provider functionality compatible with Web3.js/ether.js. The XRPL Embed SDK (@toruslabs/xrpl-embed) enables XRPL blockchain interactions including login, logout, signMessage, signTransaction, submitTransaction, and topup. Deprecated SDKs include OpenLogin (@toruslabs/openlogin) and CustomAuth (@toruslabs/customauth). No public API documentation portal is specified; documentation is hosted at docs.tor.us. Developer documentation is at docs.tor.us.
What industry is Torus Labs in?
Torus Labs's product category is Web3 Authentication and Key Management Infrastructure. Its primary akta.pro industry code is FSAPACAI, Authentication & Access Control (Web3 login, SIWE, passkeys, MFA, policy engines), with a secondary code of FSAPACAF, Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions). Its NAICS code is 54151 and its SIC code is 7370.