THEYA is a Bitcoin self-custody app that utilizes 2-of-3 multisig vaults, requiring two key approvals for transactions to enhance security and eliminate single points of failure. It addresses the risks associated with crypto exchanges and the complexity of hardware wallets by providing a user-friendly solution for secure Bitcoin management and shared custody options.
Funding
$500K 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.
Founders
Product
Problem
Managing Bitcoin securely involves risks associated with centralized exchanges and the complexities of hardware wallets, potentially leading to loss of funds due to single points of failure or user error. Traditional methods often lack user-friendliness, creating barriers to entry for individuals seeking self-custody solutions.
Solution
Theya provides a user-friendly Bitcoin self-custody app leveraging 2-of-3 multisig vaults to enhance security and eliminate single points of failure. The app allows users to create vaults requiring two key approvals for transactions, mitigating risks associated with key loss, theft, or custodial failures. Theya supports shared custody options, enabling users to delegate a key to a trusted contact, such as a family member or financial advisor, with fine-grained access controls. Sovereign and assisted recovery options ensure funds remain accessible even if a key is lost or the Theya service is unavailable.
Target Audience
Theya targets individuals seeking a secure and user-friendly solution for Bitcoin self-custody, including those concerned about the risks of centralized exchanges and the complexities of hardware wallets.
Features
- 2-of-3 multisig vaults requiring two key approvals for transactions
- Support for hardware wallets, including Trezor, Coldcard, Ledger, and Foundation
- Shared custody options for delegating a key to a trusted contact
- Sovereign and assisted vault recovery options
- Seedless setup and hassle-free backups
- Support for collaborative vaults, allowing cosigners to add their preferred hardware wallets or a mobile key
- Option to create hardware-only vaults