Zengo
MPC-based crypto wallet providing keyless security for digital assets through advanced multi-party computation cryptography.
Visit WebsiteCompany Overview
Zengo is an Israeli fintech and cybersecurity company founded in 2018 in Tel Aviv that developed a consumer-friendly cryptocurrency wallet secured by multi-party computation (MPC) technology instead of traditional private key management. The wallet eliminates the single point of failure associated with seed phrases and private keys by distributing cryptographic shares across the user's device and Zengo's servers.
The MPC approach means no single party ever holds a complete private key, significantly reducing the risk of theft, loss, or phishing attacks that have plagued traditional crypto wallets. Zengo's wallet supports multiple blockchain networks and provides a seamless user experience for buying, selling, storing, and managing digital assets including Bitcoin, Ethereum, and numerous other cryptocurrencies and NFTs.
Zengo was co-founded by Ouriel Ohayon and Tal Be'ery, with deep expertise in applied cryptography and consumer security. The company's research team, known as Zengo X, has made significant contributions to MPC and threshold signature research, publishing open-source libraries and discovering critical vulnerabilities in other wallet implementations. The wallet has processed billions in transactions and has never been hacked.
Dual-Use Assessment
Multi-party computation and threshold cryptography have significant dual-use applications. MPC enables secure multi-party computation protocols for classified data sharing, secure key management for military communications, and distributed trust models for defense supply chain operations. The underlying cryptographic research directly supports secure communication and authentication in defense contexts.
Key Technologies
- Multi-party computation (MPC) threshold signatures
- Keyless wallet architecture with distributed cryptographic shares
- Biometric authentication and 3-factor account recovery
- Multi-blockchain support and cross-chain operations
- Applied cryptography research (Zengo X lab)
Use Cases & Applications
- Secure consumer cryptocurrency storage and management
- Enterprise digital asset custody with MPC security
- Secure multi-party key management for defense communications
- Distributed trust models for classified information sharing
- Cross-organizational secure computation without revealing private inputs
Strategic Value to U.S.-Israel Alliance
MPC and threshold cryptography are foundational technologies for secure communications and distributed trust in defense and intelligence contexts. Zengo's research and implementation expertise in these areas supports allied nations' cryptographic capabilities.
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