Vultisig provides multichain crypto vaults utilizing threshold signatures for enhanced security, ensuring that private keys never leave the device and eliminating single-point vulnerabilities. The platform addresses the risks associated with traditional wallets by offering a seamless, non-custodial banking experience that integrates asset management, DeFi functions, and fiat on-ramps in one application.
Funding
$5.8M 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
Current cryptocurrency wallets are vulnerable to single points of failure, such as compromised private keys, phishing attacks, and malware, leading to potential loss of funds. Hardware wallets, while more secure, often suffer from usability issues, while multi-signature wallets can be complex to manage across different blockchains. Existing wallets also lack seamless integration with traditional finance, making it difficult to spend crypto assets in the real world.
Solution
Vultisig provides a non-custodial, multi-chain crypto vault that utilizes threshold signatures to eliminate single-key vulnerabilities and ensure private keys never leave the user's devices. This approach distributes key shares across multiple devices, requiring multiple approvals for transactions and enhancing security. The platform supports various blockchains, including Bitcoin, Ethereum, and THORChain, and offers DeFi functionalities such as swapping, staking, and lending directly within the vault. Vultisig also bridges the gap between crypto and traditional finance by providing optional fiat on/off ramps and a Mastercard for spending crypto assets.
Target Audience
Vultisig targets cryptocurrency users, including crypto natives, high-net-worth individuals (whales), funds, and treasuries, who require a secure and user-friendly solution for managing their digital assets across multiple blockchains.
Features
- Threshold signature scheme that eliminates single points of failure and the need for seed phrases
- Multi-chain support for Bitcoin, Ethereum, THORChain, and Solana assets
- Cross-chain swapping functionality for decentralized asset exchange
- DeFi integration for staking, lending, and other yield-generating activities
- Optional fiat on/off ramps for converting between crypto and traditional currencies
- Remote signing capabilities for secure transaction authorization from multiple devices
- Transaction policies for setting spending limits and address whitelists
- VultiPhone companion app for co-signing transactions