Foundation-backed and now live on TON mainnet, ONE WALLET brings keyless self-custody to Telegram with Whitepaper V1.0 detailing its security model and $1 token utility published alongside.
ONE WALLET, a keyless, Telegram-native Web3 wallet, today marks its official launch on TON mainnet, replacing twelve-word seed phrases with a 2-of-3 Shamir Multi-Share custody model. The team 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. Going live 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.
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