Conio provides a multi-signature wallet solution for Bitcoin and digital asset custody, utilizing a three-key system that enhances security and recovery options for users. The platform enables financial institutions and enterprises to securely manage, trade, and tokenize digital assets while ensuring compliance and safeguarding against loss of access.
Funding
$20.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HFounders
Product
Problem
Custody solutions for Bitcoin and digital assets often present a trade-off between security and ease of access, potentially leading to loss of funds due to private key mismanagement or single points of failure. Financial institutions and enterprises require secure, compliant solutions for managing digital assets that also provide robust recovery mechanisms.
Solution
Conio offers a multi-signature wallet solution designed for secure Bitcoin and digital asset custody, utilizing a three-key system to mitigate risks associated with traditional custody methods. This approach requires two out of three keys to authorize transactions, enhancing security and providing a backup in case of key loss. The platform enables financial institutions and enterprises to securely manage, trade, and tokenize digital assets while ensuring compliance with regulatory standards. Conio's system includes a patented recovery mechanism, ensuring users can regain access to their funds even if a private key is lost, and guarantees fund restitution even if Conio ceases operations. The platform supports a range of digital assets beyond Bitcoin, allowing users to diversify their portfolios with ease and security.
Target Audience
Conio targets both individual users seeking a secure and user-friendly Bitcoin and digital asset wallet, as well as financial institutions and enterprises requiring compliant custody, trading, and tokenization solutions.
Features
- Multi-signature 2-of-3 wallet architecture for enhanced security
- Patented key recovery system to prevent loss of funds
- On-chain transactions providing transparency and user control
- Support for multiple digital assets including Ethereum, Cardano, and Litecoin
- Integrated solution for custody, trading, and tokenization of digital assets
- Mobile app for secure and user-friendly digital asset management
- Solutions for both individual users and financial institutions
- Collaboration with Enel Group on the ebitts project, tokenizing renewable energy