BitKey Inc
IoTrust Co., Ltd. (D'CENT) designs and sells D'CENT-branded hardware cryptocurrency wallets — primarily a biometric cold-storage device — direct-to-consumer via owned e-commerce stores for individual crypto investors worldwide.
- Company typePrivate
- Founded1990
- HeadquartersGrand Cayman, Cayman Islands
- Headcount1–10
- GTM typeB2C
- OfferingHardware or Manufacturing
What BitKey Inc does
BitKey Inc / IoTrust Co., Ltd. (doing business as D'CENT) is a privately held company that designs and sells hardware cryptocurrency wallets for retail crypto holders. The firm's core product, the D'CENT Biometric Wallet, is a physical device that stores private keys offline on a CC EAL5+ certified secure element running a proprietary SecureOS, unlocked via on-device fingerprint authentication. The wallet supports 4,900+ assets across 85+ blockchain networks and pairs over encrypted Bluetooth to the D'CENT mobile app (iOS/Android) for portfolio management, in-app swaps across 39 networks, and Web3 connectivity via WalletConnect and MetaMask integrations.
The company operates a direct-to-consumer go-to-market through owned e-commerce storefronts — a global store at store.dcentwallet.com and a regional Korean store at store-kr.dcentwallet.com — shipping to 220+ countries, supplemented by an affiliate/influencer program that prices the device at $109 versus the $159 standard retail price. A secondary product line, the D'CENT Card Wallet, extends the form factor. Revenue is generated entirely through one-time hardware sales and accessories (e.g., Backup Card), with no disclosed recurring software or subscription stream.
The entity is led by CEO Baek Sang Su, headquartered at the 7th floor, Samsungdang Building, 747 Seolleung-ro, Gangnam-gu, Seoul, South Korea (IoTrust Co., Ltd., Korean corporation, registration 219-86-00705). Note: provided firmographics list BitKey Inc in Grand Cayman (Cayman Islands), founded 1990 with 1–10 employees — this conflicts with the dominant Korean/Itrust data set; the analytical conclusions above are drawn from the more detailed IoTrust/D'CENT source material.
BitKey Inc firmographics
Firmographics- Name
- BitKey Inc
- Legal name
- IoTrust Co., Ltd.
- Website
- https://bitkey.ca
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- IoTrust Co., Ltd. (D'CENT) designs and sells D'CENT-branded hardware cryptocurrency wallets — primarily a biometric cold-storage device — direct-to-consumer via owned e-commerce stores for individual crypto investors worldwide.
- Ownership category
- akta.pro rank
BitKey Inc industry classification
Industry- Product category
- Cryptocurrency Hardware Wallets
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Computer Storage Devices (3572)
- akta.pro primary industry
- Smart Contract Wallets & Account Abstraction (FSADACAF)
- akta.pro secondary industry
- Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF)
Keywords
Where BitKey Inc is headquartered
LocationHeadquarters
- HQ city
- Grand Cayman
- HQ country
- Cayman Islands
Offices1 record
Markets served
BitKey Inc business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Marketing or Sales, Operations, Personnel
Revenue model
- Hardware Wallet Sales: One-time purchase revenue from D'CENT Biometric Wallet hardware device sales. The product is sold at two price points: $109.00 for affiliate渠道 and $159.00 for standard retail. Includes 1-year warranty.
- Accessories and Add-ons: Sale of complementary products such as the Backup Card and related accessories for the biometric wallet ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | D'CENT Biometric Wallet - Standard |
| Unit Pricing | Pay-as-you-go | D'CENT Biometric Wallet - Affiliate |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
BitKey Inc product offering
Product offeringCore offering
BitKey Inc sells a hardware cryptocurrency wallet device (D'CENT Biometric Wallet) that stores cryptocurrency private keys offline on a CC EAL5+ certified secure element chip, accessed via built-in biometric fingerprint authentication. The device pairs over encrypted Bluetooth with iOS and Android mobile apps and supports 4,900+ crypto assets across 85+ blockchain networks including Bitcoin, Ethereum, XRP, and Solana. A companion mobile app provides portfolio management, in-app crypto swap across 39 networks, real-time market data, and Web3 dApp connectivity via WalletConnect and MetaMask.
Product overview
IoTrust Co., Ltd. offers the D'CENT product line centered on hardware cryptocurrency wallets with biometric security. The core offering is the D'CENT Biometric Wallet—a hardware device featuring fingerprint authentication and CC EAL5+ certified secure chip for cold storage of private keys. The product supports 4,900+ assets across 85+ blockchain networks and connects via encrypted Bluetooth to the D'CENT App for mobile management. The companion D'CENT App provides portfolio tracking, in-app crypto swapping across 39 networks, real-time market data, and Web3 dApp connectivity via WalletConnect and MetaMask. A secondary product line includes the D'CENT Card Wallet for alternative form factors.
Differentiator
Problem solved
Functional benefit
Products and services
- D'CENT Biometric Wallet Physical hardware wallet device for offline cold storage of cryptocurrency private keys, featuring built-in fingerprint authentication (up to two registered fingerprints), a CC EAL5+ certified secure element chip, encrypted Bluetooth pairing with iOS and Android, and support for 4,900+ crypto assets across 85+ blockchain networks. Sold directly to individual crypto holders through the D'CENT storefront with worldwide shipping and a 1-year warranty.
- D'CENT App (Mobile Companion Application) Free mobile companion app for iOS and Android that connects to the D'CENT Biometric Wallet via encrypted Bluetooth, enabling portfolio management across 85+ blockchain networks, instant crypto swap across 39 networks, real-time price and token data, and connection to Web3 dApps, DeFi, and NFT platforms via WalletConnect and MetaMask. Aimed at individual cryptocurrency holders who use the D'CENT hardware wallet.
- Backup Card (Wallet Accessory) Physical backup card sold as a complementary accessory to the D'CENT Biometric Wallet for secure recovery and backup of wallet credentials. Bundled with the All in One Wallet product and also sold separately through the D'CENT e-commerce store.
Quantifiable outcome
- Zero hack incidents to date
- +1 more outcomes
Companies that use BitKey Inc
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
BitKey Inc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature7 records
BitKey Inc partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
BitKey Inc competitors and assessment
Company assessmentDirect peers
- KeepKey: Hardware cryptocurrency wallet with ShapeShift integration. Directly competes with D'CENT as a standalone cold storage device for multi-chain private keys, targeting the same retail crypto holder.
- Ledger: The market-leading hardware cryptocurrency wallet vendor (Ledger Nano S Plus, Nano X, Stax). Directly competes with D'CENT in the same product category, serving self-custody crypto investors with secure element hardware and an integrated Ledger Live software ecosystem.
- Trezor: Pioneer of hardware wallets (Trezor Model One, Model T, Safe 3). Directly competes with D'CENT on secure offline storage of private keys, with comparable multi-chain support and a comparable direct-to-consumer go-to-market model.
- CoolWallet: Card-form-factor hardware wallet (CoolWallet S, Pro) with Bluetooth mobile connectivity. Directly competes with D'CENT's Biometric Wallet and aligns with the teased D'CENT Card Wallet on portable form factor and mobile integration.
- SafePal: Hardware wallet vendor (S1, S1 Pro) with mobile app and browser extension integration. Directly competes with D'CENT on biometric/multi-chain hardware wallets and a similar consumer-facing self-custody toolkit.
- BitBox: Swiss-made hardware wallet (BitBox02) with dual-chip security. Directly competes with D'CENT on secure element architecture and multi-chain support for self-custody.
Emerging players
- Keystone (formerly Cobo Vault): Air-gapped hardware wallet with fingerprint authentication and multi-chain support. Partially overlaps with D'CENT Biometric Wallet on biometric, secure-element security, and QR-based transaction signing.
- Ellipal: Air-gapped hardware wallet (Titan, Titan 2.0) with mobile app companion. Partially overlaps with D'CENT on secure offline signing and multi-chain support, competing for the security-focused subset of crypto holders.
- NGRAVE: Premium hardware wallet (ZERO) with EAL7-certified secure element and Graphene-based backup. Competes with D'CENT in the high-security hardware wallet niche, differentiated by certification level rather than feature breadth.
- Tangem: Smart card-form-factor hardware wallet with mobile NFC integration. Partially overlaps with D'CENT's ecosystem on portable self-custody, and is a relevant comparable for the D'CENT Card Wallet product line.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
BitKey Inc social profiles
Digital presenceBitKey Inc compliance and trust
Trust signalCompliance1 record
BitKey Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
BitKey Inc leadership team
Management profileNumber of profiles
Profiles1 record
BitKey Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BitKey Inc 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 BitKey Inc
What does BitKey Inc do?
BitKey Inc sells a hardware cryptocurrency wallet device (D'CENT Biometric Wallet) that stores cryptocurrency private keys offline on a CC EAL5+ certified secure element chip, accessed via built-in biometric fingerprint authentication. The device pairs over encrypted Bluetooth with iOS and Android mobile apps and supports 4,900+ crypto assets across 85+ blockchain networks including Bitcoin, Ethereum, XRP, and Solana. A companion mobile app provides portfolio management, in-app crypto swap across 39 networks, real-time market data, and Web3 dApp connectivity via WalletConnect and MetaMask.
Is BitKey Inc a public or private company?
BitKey Inc is a private company. It is classified as unknown and is currently operating.
When was BitKey Inc founded?
BitKey Inc was founded in 1990. It employs 1 to 10 people.
Where is BitKey Inc based?
BitKey Inc is headquartered in Grand Cayman, Cayman Islands.
How does BitKey Inc make money?
Two revenue lines are on record. Hardware Wallet Sales are the primary driver. The others are accessories and Add-ons.
Who are BitKey Inc's main competitors?
Direct peers on record are KeepKey, Ledger, Trezor, CoolWallet, SafePal and BitBox. Emerging players are Keystone (formerly Cobo Vault), Ellipal, NGRAVE and Tangem.
Does BitKey Inc have an API?
No public API is recorded for BitKey Inc.
What industry is BitKey Inc in?
BitKey Inc's product category is Cryptocurrency Hardware Wallets. Its primary akta.pro industry code is FSADACAF, Smart Contract Wallets & Account Abstraction, with a secondary code of FSAPACAF, Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions). Its NAICS code is 561621 and its SIC code is 3572.