What Trezor does

Trezor is the original cryptocurrency hardware wallet company, founded in 2013 by SatoshiLabs in Prague, Czech Republic, where it invented the hardware wallet category. The company designs and sells physical devices that store private keys offline, protecting digital assets from online threats, exchange hacks, and malware. Its product portfolio spans five device tiers — Trezor Model One, Model T, Safe 3, Safe 5, and the flagship Safe 7 ($249, launched October 2025) — each offering different price points and security features, with the Safe 7 introducing the world's first independently auditable secure element (TROPIC01) developed in-house through subsidiary Tropic Square.

The technology stack centers on open-source firmware, dual-chip secure architectures combining TROPIC01 with Infineon OPTIGA Trust M, and quantum-ready post-quantum cryptographic design. Trezor's hardware integrates with 30+ third-party wallet applications (MetaMask, Rabby, Backpack, Cake, Exodus, Safe, Sparrow) and 70,000+ dApps via WalletConnect, enabling direct DeFi and NFT interaction while maintaining cold-storage security. The supporting ecosystem includes Trezor Suite (companion app for portfolio management across 1,000s of coins), Trezor Keep Metal (fireproof seed backup), Trezor Academy (educational initiative across 28+ countries), and Trezor Expert (paid onboarding services). Trezor is fully self-funded with no outside investors, operates as part of the SatoshiLabs Group, and maintains 100% open-source code and design across all products.

The business model is direct-to-consumer hardware sales at premium price points ($69-$249 per device), distributed through trezor.io e-commerce, Amazon marketplaces in 9 countries, Alza resellers in 5 European markets, and an affiliate program offering up to 15% commission. The primary customer segment is individual cryptocurrency holders seeking self-custody, with an emerging institutional segment via the 2024 Fireblocks integration. Trezor has 2+ million cumulative users globally, maintains a 4.7 Trustpilot rating, and employs 11-50 people from its Prague headquarters. Notable 2026 risk includes a TROPIC01 chip laser fault injection vulnerability disclosed by Ledger Donjon in laboratory testing.

Name

Trezor

Legal name

Trezor Company s.r.o.

Website

https://trezor.io

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Trezor is the original cryptocurrency hardware wallet company founded in 2013, designing and selling secure offline devices for self-custody of digital assets. The Prague-based firm serves 2+ million individual crypto holders globally and, via Fireblocks, institutional clients, distributing its products through direct e-commerce, Amazon, and reseller channels.

Ownership category

akta.pro rank

Product category

Cryptocurrency Hardware Wallets

akta.pro primary industry

Smart Contract Wallets & Account Abstraction (FSADACAF)

akta.pro secondary industry

Crypto Payment Gateways & Checkout APIs (FSADAIAA)

Keywords

• Hardware wallets
• Cryptocurrency security
• Cold storage
• Self-custody solutions
• Digital asset management

Headquarters

HQ city

Prague

HQ country

Czechia

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: Primary revenue stream from sale of physical hardware wallet devices including Trezor Model One, Trezor Model T, Trezor Safe 3, Trezor Safe 5, and Trezor Safe 7. One-time purchase model generating upfront revenue per device sold through direct e-commerce, marketplace, and reseller channels. The flagship Trezor Safe 7 is priced at $249.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Trezor designs, manufactures, and sells cryptocurrency hardware wallets that allow individuals to securely store, manage, and transact with their private keys offline. The company also offers a companion software application (Trezor Suite) and ancillary products such as metal seed-phrase backups, along with paid expert onboarding and consultation services for new and advanced users.

Product overview

Trezor is the original Bitcoin hardware wallet company founded in 2013, offering a portfolio of cold storage solutions centered on its Trezor Safe family (Safe 7, Safe 5, Safe 3). The flagship Safe 7 introduced industry-first transparent secure element technology (TROPIC01) and quantum-ready architecture. The ecosystem includes Trezor Suite companion app for managing crypto across 1000s of coins and 70,000+ dApps, the Trezor Keep Metal backup solution, Trezor Academy for Bitcoin education, and Trezor Expert onboarding/consultation services. Trezor differentiates through 100% open-source code and design, supporting 30+ wallet integrations including MetaMask, Exodus, and wallet apps via WalletConnect.

Differentiator

Problem solved

Functional benefit

Brands

• Trezor Suite: The all-in-one crypto app for mobile and desktop that allows users to buy, swap, stake, use dApps and track portfolios.
• Trezor Safe 7
• Trezor Safe 5
• Trezor Safe 3
• Trezor Keep Metal
• Trezor Expert
• Trezor Academy

Products and services

• Trezor Safe 7

Quantifiable outcome

• 2+ million users trust Trezor hardware wallets globally
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• WalletConnectcoreTechnology or Integration · 1 January 2025WalletConnect integration enables Trezor hardware wallets to interact directly with decentralized finance (DeFi) applications and NFT marketplaces. Users can securely sign transactions for protocols like Uniswap, 1inch, Aave, Morpho, and OpenSea directly from their Trezor device, extending utility beyond passive cold storage to active DeFi participation.
• MetaMaskcoreTechnology or Integration · 1 January 2025Integration partnership allowing MetaMask users to add Trezor hardware wallet as an additional security layer. This bridges MetaMask's user base with Trezor's secure custody capabilities, enabling MetaMask's 30+ million users to leverage hardware security for their software wallet.
• FireblockscoreTechnology or Integration · 1 January 2024Fireblocks enterprise custody platform integration supports Trezor hardware wallet connectivity for institutional clients requiring hardware-backed key management within Fireblocks' enterprise infrastructure. Partnership brings Trezor into institutional DeFi and Web3 workflows.
• LedgercoreTechnology or Integration · 1 January 2024Collaborative support for Ethereum Clear-Signing standards (ERC-7730 and ERC-8176) alongside Ledger, MetaMask, WalletConnect, Fireblocks and Cyfrin. Industry-wide adoption of clear transaction signing standards improves hardware wallet user experience across competing platforms.
• Tropic SquareflagshipStrategic or Co-development Partner · 1 January 2018Tropic Square, a semiconductor division of SatoshiLabs, developed the TROPIC01 secure element - the world's first independently auditable secure chip. This in-house development represents Trezor's core technology moat, enabling unique security architecture through vertical integration of semiconductor design and hardware wallet manufacturing.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NGRAVE: Belgian maker of NGRAVE ZERO, a high-assurance hardware wallet with EAL7-certified secure element, competing with Trezor Safe 7 at the premium end of the consumer self-custody market.
• Tangem: Maker of card-form-factor hardware wallets with secure element chips, offering an alternative form factor to Trezor's USB-style devices while addressing the same self-custody use case.
• Blockstream Jade: Open-source hardware wallet from Blockstream emphasizing Bitcoin sovereignty and Liquid network support; competes with Trezor in the security- and privacy-focused segment of the market.
• Coldcard (Coinkite): Bitcoin-focused hardware wallet known for air-gapped operation and advanced security features, targeting the same power-user and long-term holder segment as Trezor's higher-tier devices.
• BitBox (Shift Crypto): Swiss-based hardware wallet maker selling BitBox02 with dual-chip secure element, positioned in the same premium self-custody segment as Trezor Safe 5/Safe 7. Comparable open-source security philosophy and target audience of crypto-native holders.
• Keystone (formerly Cobo Vault): Air-gapped hardware wallet with QR-based transaction signing for Bitcoin and multi-chain assets; competes in the same advanced-user niche as Trezor's higher-end models.
• Ledger: World's largest hardware wallet maker (Nano S Plus, Nano X, Stax, Flex), competing head-to-head with Trezor in consumer self-custody devices and secure element architecture. Direct rival with deeper distribution, larger marketing budget, and recent venture funding that has scaled its enterprise offering.
• ELLIPAL: Air-gapped metal-bodied hardware wallet supporting Bitcoin, Ethereum, and multi-chain tokens; competes with Trezor in the consumer hardware self-custody category with similar price-band devices.

Emerging players

• Cypherock: India-based hardware wallet using Shamir secret sharing across multiple cards, providing distributed key custody as an alternative architecture to Trezor's single-device backup model.

Broad incumbents

• Fireblocks: Enterprise digital asset custody and orchestration platform that integrates Trezor as one of several hardware signing options; competing for institutional-grade self-custody workflows and adjacent to the consumer wallet market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/trezor
• GitHubgithub.com/trezor
• LinkedInlinkedin.com/company/trezor
• Instagraminstagram.com/trezoracademy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Trezor