OpenWallet Foundation
OpenWallet Foundation is a Linux Foundation Europe-hosted nonprofit that develops Apache 2.0 open source software for interoperable digital wallets and verifiable credentials, serving governments, issuers, and wallet providers.
- Company typePrivate
- Founded2022
- HeadquartersRemote, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What OpenWallet Foundation does
OpenWallet Foundation (OWF) is a non-profit open source foundation hosted by Linux Foundation Europe that develops standards-based interoperable components for digital wallets and verifiable credentials. Founded in 2022 and launched in February 2023 with 37 founding member organizations and 300+ community participants, OWF operates a portfolio of code projects at varying maturity stages: Impact-stage ACA-Py (Aries Cloud Agent Python) for cloud agent deployments; Growth-stage Credo (TypeScript framework), Bifold (mobile wallet), Askar (secure storage), SD-JWT JavaScript, and OWL Test Harness; and a broad Labs portfolio including OpenID4VC TypeScript, DCQL TypeScript, OpenID Federation TypeScript, Multipaz (ZKP), multiple SD-JWT language bindings (Kotlin, Python, Rust, .NET), mDL/mDOC, EUDI Wallet Kit React Native, and Trust Spanning Protocol. All code is released under Apache 2.0 with no usage restrictions.
The foundation serves wallet providers, credential issuers (governments, educational and financial institutions), and relying parties needing to verify credentials, along with standards development organizations and regulators building digital identity policy. Notable downstream deployments include the Government of British Columbia's BC Wallet, Ireland's gov.ie Digital Wallet pilot, and the EUDI Wallet prototype built for SPRIN-D (Germany). Premier members include Google, Microsoft, Mastercard, and Huawei; flagship partners include EMVCo (liaison agreement, 2023) and the ITU (OpenWallet Forum, 2024).
OWF's business model is community-led open source, with revenue generated from premier, general, and non-profit membership/sponsorship tiers rather than software licensing. Code is provided free of charge; the foundation has 1-10 paid staff and is governed by a Governing Board, Technical Advisory Council, and Governmental Advisory Council, with Daniel Goldscheider as Executive Director.
OpenWallet Foundation firmographics
Firmographics- Name
- OpenWallet Foundation
- Legal name
- OpenWallet Foundation
- Website
- https://openwallet.foundation
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- OpenWallet Foundation is a Linux Foundation Europe-hosted nonprofit that develops Apache 2.0 open source software for interoperable digital wallets and verifiable credentials, serving governments, issuers, and wallet providers.
- Ownership category
- akta.pro rank
OpenWallet Foundation industry classification
Industry- Product category
- Digital Identity Infrastructure
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD)
- akta.pro secondary industries
- Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)
Keywords
Where OpenWallet Foundation is headquartered
LocationHeadquarters
- HQ city
- Remote
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
OpenWallet Foundation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Membership Fees and Sponsorship: As a Linux Foundation Europe project, OpenWallet Foundation operates on funding from premier sponsors, general sponsors, and non-profit members. The foundation has various membership tiers (premier, general, non-profit) that fund operations and community activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels10 records
OpenWallet Foundation product offering
Product offeringCore offering
OpenWallet Foundation hosts and develops open source software components for digital wallets and verifiable credentials, distributed under Apache 2.0. Its portfolio includes the Credo TypeScript framework, ACA-Py cloud agent, Bifold mobile wallet, Askar secure storage, and SD-JWT libraries, enabling wallet providers, credential issuers, and relying parties to build interoperable, standards-compliant solutions for storing, issuing, and verifying digital credentials.
Product overview
The OpenWallet Foundation (OWF) is a Linux Foundation Europe-hosted open-source foundation developing interoperable digital wallet technology. Rather than a single product, OWF operates as a portfolio of code projects at different maturity stages: Impact-stage projects (ACA-Py) for production enterprise use; Growth-stage projects (Credo, Bifold, Askar, SD-JWT JS, OWL, VCX, DIDComm Mediator) for actively developing solutions; and Labs-stage projects (OpenID4VC TypeScript, DCQL TypeScript, OpenID Federation TypeScript, SD-JWT Kotlin/Python/Rust, MDL JavaScript, EUDI Wallet Kit, Multipaz, Trust Spanning Protocol, and others) for exploratory work. These components work together as building blocks: Credo provides the core TypeScript framework for wallet/agent implementations; ACA-Py delivers cloud agent capabilities; Bifold offers a mobile wallet built on Credo; Askar provides secure storage; SD-JWT libraries enable selective disclosure credentials across multiple languages; and Labs projects extend support for emerging standards like OpenID4VC and DCQL. The foundation also produces the Safe Wallet Guide documenting best practices for privacy, security, and governance in digital wallet development.
Differentiator
Problem solved
Functional benefit
Brands
- OpenWallet Forum: A partnership with the International Telecommunication Union (ITU) to serve as a catalyst for multi-stakeholder cooperation in developing and deploying globally interoperable digital wallets.
Products and services
- Credo A TypeScript-based framework for building client (wallets) and server-side (issuers and verifiers) solutions requiring verifiable credentials, peer-to-peer secure communication, and decentralized identity technology. Supports OpenID4VCI, OpenID4VP, SIOPv2, SD-JWT-VC, mDL/mDOC, W3C VCs, AnonCreds, DIDComm, and DIF Presentation Exchange V1 and V2.
- ACA-Py (Aries Cloud Agent Python) An Impact-stage cloud-based agent for verifiable credentials and decentralized identity, providing issuer, verifier, and mediator deployments with extensibility through plugins.
- Bifold A cross-platform (iOS/Android) mobile wallet application built on Credo, providing reference digital wallet functionality for storing and presenting verifiable credentials.
- Askar A secure storage library providing encrypted storage for credentials, keys, and personal data, used as the storage backend for Credo.
- SD-JWT JavaScript JavaScript implementation of Selective Disclosure JWT (SD-JWT) for credentials supporting selective disclosure of attributes while maintaining security.
- OWL Test Harness Test harness for validating interoperability and conformance of agent implementations against digital identity standards and protocols.
- OpenID4VC TypeScript Environment, cryptographic, and credential format agnostic implementation of OpenID for Verifiable Credentials standards, supporting OpenID4VCI and OpenID4VP with High Assurance Interoperability Profile features including PKCE, DPoP, and PAR.
- DCQL TypeScript TypeScript implementation of Digital Credential Query Language (DCQL) as defined in OpenID4VP specification, used to express which credentials a verifier requests from a holder.
- OpenID Federation TypeScript Low-level TypeScript implementation of the OpenID Federation specification enabling organizations in a federation to trust each other through dynamic trust chains without prior direct relationship.
- Safe Wallet Guide A comprehensive reference guide defining Four Pillars of wallet safety: Privacy, Security, Supporting Functions, and Governance, published as a public resource for evaluating digital wallet safety.
Companies that use OpenWallet Foundation
Customer profileSegments5 records
Ideal customer profiles4 records
OpenWallet Foundation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability3 records
Feature6 records
OpenWallet Foundation partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship and core.
- HuaweiflagshipHuawei joined as a premier member of OpenWallet Foundation, demonstrating commitment to open standards for digital wallet interoperability.
- MastercardflagshipMastercard joined as a premier member of OpenWallet Foundation, contributing to the development of open standards for digital wallet technology.
- International Telecommunication Union (ITU)flagshipITU and Linux Foundation announced intent to launch the OpenWallet Forum as a unique opportunity to discuss digital wallets as critical component of Digital Public Infrastructure. The OpenWallet Forum serves as a catalyst for multi-stakeholder cooperation in developing and deploying globally interoperable digital wallets.
- EMVCocoreEMVCo and OpenWallet Foundation announced a liaison agreement to advance interoperability between digital payment credentials and digital wallets. This partnership bridges the payment and identity ecosystems to enable secure, interoperable digital credential issuance and verification.
- Ping IdentitycorePing Identity contributed code to OpenWallet Foundation and participates as a member supporting open wallet standards development.
- GoogleflagshipGoogle joined as a premier member of OpenWallet Foundation, contributing code and supporting the mission to foster global collaboration on core components for interoperable digital wallets.
- AnimocoreAnimo is a key contributor to OpenWallet Foundation, maintaining Credo framework and contributing TypeScript implementations of OpenID4VC, DCQL, and OpenID Federation. Animo built the EUDI Wallet prototype for SPRIN-D Germany.
- SPRIN-D (German Federal Agency for Breakthrough Innovation)coreSPRIN-D funded the development of TypeScript libraries (OpenID4VC, DCQL, OpenID Federation) contributed to OWF through Animo's EUDI Wallet prototype project.
- HederacoreHedera, an OWF General Sponsor, contributed a plugin to the ACA-Py project enabling blockchain integration for verifiable credentials.
- MATTRcoreMATTR co-hosted a workshop on Technical Standards Underpinning ARF with OWF and SPRIND, focusing on OpenID4VP and OpenID4VCI specifications.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
OpenWallet Foundation competitors and assessment
Company assessmentDirect peers
- Hyperledger Foundation (Indy/Aries): Hyperledger hosts the original Indy and Aries projects from which OWF's Credo (formerly Aries Framework JavaScript), ACA-Py, and Bifold projects were incubated. They share contributor communities and target the same SSI/decentralized identity use cases.
- Trust over IP Foundation: Also a Linux Foundation project, ToIP develops governance frameworks and technology for digital trust ecosystems. Both foundations collaborate on verifiable credentials and wallet interoperability, with overlapping member organizations and standards work.
- Sovrin Foundation: Sovrin is a non-profit foundation stewarding the Sovrin Network for self-sovereign identity. It pioneered verifiable credential governance models that OWF builds upon and competes with in the open identity foundation space.
- Decentralized Identity Foundation (DIF): DIF is an open-source foundation focused on decentralized identity standards and interoperability. It directly overlaps with OWF in producing reference implementations (DIDComm, Sidetree) that underpin the same verifiable credential ecosystems OWF serves.
- W3C Credentials Community Group: The W3C CCG produces the Verifiable Credentials specification that OWF's projects implement. While a standards body rather than a foundation, it is the upstream normative reference for OWF's W3C VC and SD-JWT-VC work.
Emerging players
- MATTR: MATTR is a commercial vendor building verifiable credential platforms and OpenID4VC tooling. It is both an OWF partner (co-hosted the ARF workshop) and a partial competitor in the wallet interoperability layer.
- Sphereon: Sphereon provides OpenID4VC libraries that leverage OWF's DCQL TypeScript, making it both an ecosystem integrator and a near-peer competitor in verifiable credential tooling for wallets.
- Animo Solutions: Animo is a key OWF contributor maintaining Credo and building Paradym on top of it. As a commercial identity platform vendor, it is simultaneously an OWF ecosystem partner and an indirect commercial competitor.
- Indicio: Indicio is a commercial verifiable credential platform provider that deploys and extends open-source SSI technology. It competes for the same enterprise and government wallet customers OWF projects serve.
Regional players
- IDunion: IDunion is a German-led SSI initiative building decentralized identity infrastructure for the European market. It targets the same EUDI Wallet ecosystem OWF serves and shares contributors and member organizations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
OpenWallet Foundation social profiles
Digital presenceOpenWallet Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenWallet Foundation leadership team
Management profileNumber of profiles
Profiles9 records
OpenWallet Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
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OpenWallet Foundation M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about OpenWallet Foundation
What does OpenWallet Foundation do?
OpenWallet Foundation hosts and develops open source software components for digital wallets and verifiable credentials, distributed under Apache 2.0. Its portfolio includes the Credo TypeScript framework, ACA-Py cloud agent, Bifold mobile wallet, Askar secure storage, and SD-JWT libraries, enabling wallet providers, credential issuers, and relying parties to build interoperable, standards-compliant solutions for storing, issuing, and verifying digital credentials.
Is OpenWallet Foundation a public or private company?
OpenWallet Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was OpenWallet Foundation founded?
OpenWallet Foundation was founded in 2022. It employs 1 to 10 people.
Where is OpenWallet Foundation based?
OpenWallet Foundation is headquartered in Remote, United States, in the North America region.
How does OpenWallet Foundation make money?
One revenue line is on record: membership Fees and Sponsorship.
Who are OpenWallet Foundation's main competitors?
Direct peers on record are Hyperledger Foundation (Indy/Aries), Trust over IP Foundation, Sovrin Foundation, Decentralized Identity Foundation (DIF) and W3C Credentials Community Group. Emerging players are MATTR, Sphereon, Animo Solutions and Indicio. IDunion is listed as a regional player.
Does OpenWallet Foundation have an API?
No public API is recorded for OpenWallet Foundation.
What industry is OpenWallet Foundation in?
OpenWallet Foundation's product category is Digital Identity Infrastructure. Its primary akta.pro industry code is FSADACAD, Wallet Infrastructure (SDKs, Wallet-as-a-Service), with a secondary code of FSAPABAB, Smart Contract Frameworks & SDKs (developer kits, templates, standards). Its NAICS code is 5132 and its SIC code is 7372.