Foundation Devices offers an air-gapped hardware wallet for secure Bitcoin self-custody. Its Passport device signs transactions offline via QR code, minimizing online threats. The open-source hardware and software enable community security audits for transparent and trusted asset management.
Funding
$7M 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.
PFounders
Product
Problem
Managing digital assets securely requires robust protection against online threats and unauthorized access. Traditional hardware wallets can sometimes present a steep learning curve or lack transparency in their security architecture, leading to user apprehension and potential vulnerabilities.
Solution
Foundation Devices provides an air-gapped hardware wallet solution designed for secure self-custody of Bitcoin. The Passport hardware wallet facilitates transaction signing offline, minimizing exposure to network-based attacks. Its open-source hardware and software components allow for community-driven security audits and verification, fostering trust and transparency. The device pairs with the Envoy mobile application for a streamlined user experience, enabling users to manage their assets with confidence and control.
Target Audience
Individuals seeking secure, self-custodial solutions for managing their Bitcoin holdings, including those prioritizing transparency, open-source principles, and a user-friendly interface.
Features
- Air-gapped transaction signing via QR code scanning using an integrated camera.
- Open-source hardware and firmware, allowing for public code review and verification.
- Secure element for private key storage, isolated from the main processor.
- USB-C power-only port to prevent data transfer during charging.
- Rechargeable, user-replaceable battery for extended operational life.
- MicroSD card slot for encrypted seed phrase backups and firmware updates.
- Intuitive user interface with a color display for clear transaction details.
- Compatibility with various open-source software wallets and multisignature setups.