Foundation-backed Web3 wallet replaces seed phrases with 2-of-3 Shamir Multi-Share custody; publishes Whitepaper V1.0 covering product, security, and the $1 token utility model.
KUALA LUMPUR, Malaysia – ONE COMPANY, a foundation registered with SSM, the Companies Commission of Malaysia, today unveiled ONE WALLET, a Telegram-native Web3 wallet built on the TON blockchain. The foundation also published ONE WALLET Whitepaper V1.0, detailing the product, security architecture, and the utility model of its $1 token.
ONE WALLET targets the gap between custodial exchange wallets — easy but centrally controlled — and self-custody wallets, which are powerful but ask mainstream users to memorize twelve-word seed phrases and install separate apps. ONE WALLET inverts that order: users open Telegram, complete a lightweight device check, and transact. There is no seed phrase to write down and no app to download.
At the core is a 2-of-3 Shamir Multi-Share custody model. A user’s signing key is split into three shares — held by the device, the user’s Telegram account, and an offline recovery share. The wallet is designed so that no single party, including ONE WALLET, can move funds alone: any two shares are combined briefly on the user’s device to sign a transaction, then discarded. Any one share alone cannot reconstruct the key.
As a foundation-led initiative, ONE COMPANY frames ONE WALLET as the financial entry point to a broader digital ecosystem spanning fintech, AI, games, travel, and information services built on blockchain. The foundation’s stated mandate includes research and education for Web3, user protection and transparency, and regulatory-compliance systems.
“Most people will never write down a seed phrase, and they shouldn’t have to,” said James Kim, CEO of ONE COMPANY. “Our job as a foundation is to make self-custody feel as natural as sending a message — and to do it with security that’s honest about its boundaries. Opening private testing and publishing our whitepaper on the same day is a deliberate choice: we want users, partners, and regulators reading the same document.”
ONE WALLET’s roadmap moves from the core wallet (multi-chain send, receive, and swap) to a QR-based payments rail with merchant settlement, followed by the $1 token utility layer and an ecosystem of partner mini-apps. Whitepaper V1.0 is available in English, Korean, Japanese, and Chinese.
About ONE WALLET
ONE WALLET is a Telegram-native, keyless Web3 wallet built on the TON blockchain. It replaces seed-phrase backups with a 2-of-3 Shamir Multi-Share custody model and is designed to combine a wallet, a QR-based payment rail, and the $1 token ecosystem in a single Telegram Mini App. Whitepaper V1.0 is available in EN, KO, JA, and ZH.
About ONE COMPANY
ONE COMPANY is a foundation registered with SSM, the Companies Commission of Malaysia, with offices in Kuala Lumpur. It develops and operates a global digital platform integrating digital wallet, fintech, AI, games, travel, and information services based on blockchain technology. ONE WALLET is its flagship consumer product.
Social Links:
Telegram: https://t.me/onedollar_project
YouTube: https://www.youtube.com/@One_Wallet_Official
Facebook: https://www.facebook.com/ONE WALLET.official/
Media Contact
Brand: ONE COMPANY
Contact: Media team
Email: press@ONE WALLET.store
Website: https://ONE WALLET.store
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