Zengo (https://zengo.com/) is a financial technology and Web3 cybersecurity entity specialized in non-custodial digital asset management and blockchain infrastructure. Founded in 2018 by Ouriel Ohayon, Tal Be'ery, Omer Shlomovits, and Gary Benattar, the company is headquartered in Israel with a global footprint across over 180 countries.
Zengo’s core mission is to eliminate the single point of failure inherent in traditional cryptocurrency storage—specifically the vulnerability of private keys and 12-to-24-word seed phrases. To achieve this, Zengo engineered an enterprise-grade self-custodial wallet powered by Multi-Party Computation (MPC) cryptography. Since its commercial launch in 2018, the company has secured over $20 billion in digital assets across more than 2 million user accounts without experiencing a single wallet breach.
Unlike traditional hardware or software wallets that rely on a single private key or seed phrase stored on a local device, Zengo utilizes Multi-Party Computation (MPC) and Threshold Signature Schemes (TSS).
Secret Sharing: Upon wallet creation, two separate mathematical secret shares are generated independently: one key share resides on the user's mobile or desktop device, and the other is stored on Zengo’s secure server network.
No Single Key: A full private key is never created, stored, or reconstructed at any point in the wallet's lifecycle.
Distributed Signing: Blockchain transactions are signed collaboratively between the user's device share and Zengo’s server share without either party revealing their respective mathematical secret.
2. Three-Factor Authentication (3FA) Recovery
To ensure account recoverability without a seed phrase, Zengo implements a 3-Factor Authentication model:
User Communication Channel: Verification via the user's registered email address.
Encrypted Cloud Backup: An encrypted file stored in the user's personal cloud storage (e.g., Apple iCloud or Google Drive) containing their mathematical key share.
Biometric Verification (3D FaceLock): A encrypted mathematical representation of the user's facial biometrics stored on Zengo’s secure infrastructure to verify identity during account restoration.
Products & Subscription Tiers
1. Zengo Mobile & Desktop Application (Standard Version)
The core offering is a consumer-facing self-custodial crypto wallet available on iOS, Android, and desktop environments. Features included in the standard tier comprise:
Multi-Chain Asset Support: Storage, sending, receiving, and portfolio tracking for over 380 digital assets across major Layer-1 blockchains (Bitcoin, Ethereum, BNB Chain, TRON, Dogecoin, Tezos) and Layer-2 networks (Polygon, Arbitrum One, Optimism, Base).
Fiat On-Ramp & Off-Ramp: In-app purchasing options supporting payment methods such as credit/debit cards, bank wire transfers, Apple Pay, Google Pay, and PayPal.
Crypto-to-Crypto Swaps: Direct token exchanges executed from within the wallet interface.
Web3 & DApp Integration: Web3 browser connectivity using WalletConnect, enabling users to interact with decentralized finance (DeFi) protocols, decentralized exchanges (DEXs), and Web3 gaming applications.
NFT Management: Built-in display gallery for non-fungible tokens with automated spam filtering to block malicious air-dropped tokens.
2. Zengo Pro (Premium Membership)
Zengo Pro is a subscription-based tier providing advanced security controls, inheritance mechanisms, and asset partitioning for retail power-users.
Legacy Transfer (Self-Custodial Inheritance): A feature allowing users to designate a beneficiary who receives access to stored assets following a extended period of account inactivity, without requiring central custody or escrow agents.
Web3 Firewall (ClearSign™): An active transaction inspection shield that analyzes Web3 smart contract calls in real time, alerting users to suspicious approvals, potential drainers, or malicious signature requests.
Asset Withdrawal Protection: Mandatory 3D FaceLock biometric scans required prior to approving outgoing transactions over set values, protecting assets even if an unlocked device is physically stolen.
Multiple Wallets: Capability to create up to 5 isolated sub-wallets under a single account to separate main holdings, daily spending, Web3 minting, and public addresses.
Priority Customer Support: Expedited 24/7 customer service with targeted response times under 3 minutes.
3. Zengo Business
Zengo Business delivers institutional-grade self-custodial infrastructure tailored for companies, DAOs, funds, and corporate treasuries.
Enterprise MPC Architecture: Institutional key management utilizing two-party ECDSA and EdDSA TSS protocols to remove single points of failure across corporate operations.
Governance & Policy Management: Granular permissions, multi-approver authorization, and workflow controls for organizational treasuries.
Compliance Integration: Audit logs, transaction reporting, and institutional security monitoring designed for regulatory compliance.
Services & Operational Capabilities
| Service Category | Description | Supported Networks & Options |
| :--- | :--- | :--- |
| Fiat Purchase | Buy digital assets directly with native currencies | Cards, Bank Transfer, Apple Pay, Google Pay, PayPal |
| Crypto Swaps | Direct exchange between supported crypto assets | Multi-chain (BTC, ETH, SOL, TRON, EVM chains, L2s) |
| Staking / Yield | Native staking rewards generation | Ethereum (ETH), Tezos (XTZ), and supported protocols |
| DApp Connectivity | Decoupled interaction with Web3 ecosystem | WalletConnect v2.0 protocol integration |
| Support Services | Real-time troubleshooting and onboarding assistance | In-app 24/7 live chat support with multi-language assistance |
Security Auditing & Academic Contributions
Zengo actively maintains open-source cryptography repositories (including its underlying MPC library, white-city) and participates in continuous third-party security audits. The company’s security infrastructure has undergone formal evaluation and penetration testing by firms including:
CertiK
Kudelski Security
AppSec Labs
Scorpiones
Additionally, Zengo sponsors public security challenges (such as the $500,000 Zengo Wallet Challenge) to stress-test its MPC and 3FA recovery model against public hacking attempts.
Please note: This information is generated by AI. For legal use, verify with company sources.
