Key2

Key2 · The payment card

One card.
Fiat and crypto.

The Key2 payment card — with a social benefit built in.

The black Key2 payment card, studio render
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The problem

Payments and loyalty
are fragmented.

Cards that spend, but don't belong. Loyalty value is stranded in silos — a separate program for every brand, none of it portable.

~716 million

people own crypto — but only 40–70 million use it in a month.

a16z crypto, State of Crypto 2025

The problem is spendability, not adoption.

~17

The average U.S. consumer belongs to ~17 loyalty programs.

Bond Brand Loyalty, The Loyalty Report 2025

Enrolled everywhere, engaged nowhere.

Why now

$2.5 trillion

in payments revenue — on $2.0 quadrillion in flows (2024).

McKinsey Global Payments Report 2025

$9 trillion

in stablecoin transaction volume, adjusted — up 87% year over year.

a16z crypto, State of Crypto 2025

60%

— paid loyalty members are 60% more likely to spend more on a brand after subscribing.

McKinsey & Company, 2020 loyalty survey

220 million

users on the largest self-custody wallet.

Trust Wallet, company-reported cumulative users, 2025

Self-custody is already mass consumer behaviour.

The product
Fiat

A real payment card.

Tap-to-pay at the counter. Proven processing behind it.

Proof point

Future Pay runs tap-to-pay on this same stack.

Non-custodial crypto

Your keys. Your crypto.

The holder

Keeps their own keys.

Key2

Never custodies funds.

Non-custodial by architecture.

Social benefit

A social benefit, built in.

Share

Reward

Belong

The flywheel
Key2 Membership Engine flywheelBusinesses bring members → Members bring spend → Spend makes membership more valuable → More businesses join → Businesses bring members.Key2Membership EngineBusinessesbring membersMembersbring spendSpend makes membershipmore valuableMore businessesjoin
The ecosystem

Powered by the Key2 Membership Engine.

  • Loyalty, rewards and CRM
  • Digital and physical membership cards
  • Subscriptions and recurring revenue
  • One unified partner network

Built on React, TypeScript and Supabase.

Key2 gold membership card and member app
Key2 Privé lounge
The beachhead

Key2 Privé · Las Vegas

Hospitality, deployed.

Luxury membership for curated dining, nightlife, wellness and VIP experiences in Las Vegas.

Club dining hall with chandelierGinkgo BarCandle wallBar detail

Membership tiers

Silver

Gold

Rose Gold

Included

F&B credits across the network

Included

Concierge requests

Las Vegas

41.7 million

visitors spent $55.1 billion in Las Vegas in 2024.

LVCVA, 2024 visitor spending

38.5 million

Even in a softer 2025: 38.5 million visitors, $50.8 billion spent.

LVCVA, 2025 year-end summary

Membership demand comparable

Soho House: $418 million in membership revenue in FY2024, from 271,541 members.

Soho House & Co, FY2024 results (SEC-filed)

Consumers demonstrably pay recurring fees to belong.

Soho House carried a $163 million net loss in FY2024 from owning and leasing physical houses.

Soho House & Co, FY2024 results (SEC-filed)

Key2 owns no real estate — the network is the asset.

The moat

Non-custodial by architecture

Key2 never holds customer funds — no custodial balance sheet, no custodial risk.

One unified partner network

Membership and spend work across every business in the network, not one brand at a time.

Future Pay is the transaction layer

Tap-to-pay running on the same stack as the card, so every transaction feeds the membership.

Sunset over the Las Vegas Strip
Key2

The future of payments
and hospitality.

Built by the Key2 team.

Digital incubator: Kurz Digital and Dr Benno