In this paper, we present optical asymmetric cryptography combined with a three-dimensional (3D) space-based model. An optical multiple-random-phase-mask encoding system is developed in the Fresnel domain, and one random phase-only mask and the plaintext are combined as a series of particles. Subsequently, the series of particles is translated along an axial direction, and is distributed in a 3D space. During image decryption, the robustness and security of the proposed method are further analyzed. Numerical simulation results are presented to show the feasibility and effectiveness of the proposed optical image encryption method.