
Hardware wallet maker
Keystone
2018 · Hong Kongkeyst.one ↗
Also known as Keystone Wallet, Keystone 3 Pro, Keystone hardware wallet, Cobo Vault, Yanssie HK Limited, Keystone Nexus
keystone wallet
Keystone is a hardware wallet brand run by Yanssie HK Limited in Hong Kong; its current device, the $149 Keystone 3 Pro, signs transactions offline and passes them to a phone or computer as QR codes, with no USB data link, Bluetooth or NFC needed. It pairs with software wallets such as MetaMask, OKX Wallet, Rabby and Sparrow rather than relying on its own app alone.
Our read
Keystone suits people who hold coins on many chains and want an air-gapped signer with a screen big enough to read what they approve. The thing to weigh is provenance: a Hong Kong company that manufactures in China, with firmware it publishes but some chip-vendor libraries it cannot, and a shorter public record than the European makers.
Key facts
- Company
- Yanssie HK Limited, incorporated in Hong Kong on 23 February 2021; project began 2018
- Mar 2026 · Keystone ↗
- Secure chips
- Three: Microchip ATECC608A, Maxim MAX32520, Microchip DS28C50
- Sep 2026 · State of Surveillance ↗
- Open source scope
- Keystone 3 firmware, hardware schematics and BOM published; some third-party MCU libraries vendor-restricted
- Sep 2026 · Keystone ↗
How Keystone's air-gapped QR signing works
The Keystone 3 Pro has a 4-inch touchscreen and a camera, and in air-gapped mode it never connects to anything. A companion wallet (MetaMask, Rabby, OKX Wallet, Sparrow, Keystone's own Nexus app and others) builds the unsigned transaction and shows it as a QR code. The Keystone scans it, displays the full transaction for approval, signs, and shows the signature as a QR code for the phone or computer to scan back and broadcast. MicroSD is the alternative channel for large files.
Keys sit behind three secure chips from two vendors, with seed data and fingerprint data stored separately. The device also supports Shamir (SLIP-39) backup, up to three wallets on one device, a fingerprint unlock, and an anti-tamper mode that wipes internal data if the case is opened. A Bitcoin-only firmware is available for people who want the smaller codebase. Limited editions co-branded with OKX, Safe and Solflare ship the same hardware.
- 01Build the transaction in the companion wallet; it appears as a QR code on screen.
- 02Scan it with the Keystone camera and read the decoded details on the 4-inch display.
- 03Approve with PIN or fingerprint; the Keystone shows the signature as a QR code.
- 04Scan that code back into the companion wallet, which broadcasts the transaction.
The trade-off is speed and fiddliness: a large multisig or NFT transaction may need an animated sequence of QR frames, and poor lighting slows the camera. In exchange there is no cable or radio a compromised computer could use to talk to the device. Firmware updates arrive the same way, from a file on a microSD card, and the device checks the signature before installing.
Our scored review: Keystone 3 Pro review.
Is Keystone open source?
Mostly, and Keystone is specific about where it stops. The Keystone 3 firmware is public on GitHub with a guide to build it and compare the checksum with what runs on your device, and the hardware schematics and bill of materials are published. What is not public: some third-party microcontroller libraries under vendor licence, and the internal firmware of the secure-element chips, which no consumer wallet maker controls.
Keystone lists audits by SlowMist and Keylabs and runs a bug bounty. In January 2024 a firmware vulnerability found with the security firm Offside Labs was patched in version 1.2.8; no user losses from it were reported.
Who makes Keystone
The project started in 2018 and sold its first devices as Cobo Vault before rebranding to Keystone. The current operator, Yanssie HK Limited, was incorporated in Hong Kong on 23 February 2021 and lists its office in Kowloon. Devices are manufactured in China. For most buyers that is a detail; for anyone whose threat model includes state-level supply-chain interference, it is the main question to settle before buying, and the published schematics and reproducible firmware are the tools for settling it.
Incident log
Nothing on file. We searched for hacks, exploits, withdrawal halts, data breaches and enforcement actions involving Keystone and found none as of 27 Sep 2026.
In our ratings
This page is the record. The scores sit on the review cards, next to the evidence and the weights they came from.
Compare Keystone with
TrezorHardware wallet maker · 2013 · Czech RepublicPrague maker of the first consumer bitcoin hardware wallet (2014), now the Safe 3, 5 and 7. Open-source firmware; part of the SatoshiLabs group.
LedgerHardware wallet maker · 2014 · FranceParis-based maker of the Nano, Flex and Stax hardware wallets and the Ledger Wallet app. Closed-source firmware; customer data leaked in 2020 and 2026.
BitBoxHardware wallet maker · 2015 · SwitzerlandZurich-based Shift Crypto makes the BitBox02 and BitBox02 Nova hardware wallets: open-source firmware, microSD backup, Bitcoin-only and multi-coin editions.
ColdcardHardware wallet maker · 2012 · CanadaBitcoin-only signing devices made by Coinkite of Toronto. A 2021 firmware bug left seeds guessable; attackers took about $114m from owners in July–Aug 2026.
Frequently asked questions
What coins does the Keystone 3 Pro support?+
Bitcoin, Ethereum and EVM chains, Solana and many others through companion wallets; Keystone keeps the current list on its Supported Wallets & Coins page. A Bitcoin-only firmware is also available.
Does Keystone use Bluetooth or USB?+
In air-gapped mode it uses neither: data moves by QR code or microSD card. The Keystone 3 Pro has no Bluetooth, NFC or Wi-Fi.
Is Keystone the same as Cobo Vault?+
Yes. Keystone is the rebranded Cobo Vault line; it is now run by Yanssie HK Limited in Hong Kong.
Keystone 3 Pro or Trezor Safe 5?+
Keystone is air-gapped by QR with three secure chips; the Safe 5 connects by USB-C with one. The scored comparison is in our [hardware wallet ratings](/ratings/hardware-wallets).
What changed
- Profile published.
Compiled by
Blockchain Security Researcher · September 27, 2026
We have no commercial relationship with Keystone and earn nothing from any link on this page. Every fact above carries the date it was true and a link to where it comes from; if one is out of date, the contact page reaches the editor who keeps this file.