The embodiment of the invention relates to an asset management method and system based on multiple hardware wallets, and the method comprises the steps: carrying out the initialization of M hardware wallets, and enabling an account corresponding to one of the initialized M hardware wallets to be configured with an asset; Based on M-1 key exchange processing, in addition to the hardware wallet configured with assets in the M hardware wallets, the other hardware wallets respectively obtain the management authority for the hardware wallet configured with the assets, and co-manage the assets withthe hardware wallet with the assets , Wherein M is a positive integer greater than or equal to 2. Therefore, based on the key exchange technology, the M hardware wallets have the management authorityof the hardware wallets configured with assets, namely, hardware backup of private keys of the hardware wallets is realized, and the security level of the hardware wallets is ensured without key combination with passwords or remembering words; Moreover, due to hardware backup, delivery and checking can be achieved through hardware, and the safety state of the hardware wallet can be obtained in time.