Theya is a modular multisig solution where the user holds the majority of keys to a vault, with Theya holding one key for recovery purposes.
Theya currently offers 2-of-3 multisig vaults for individual or shared custody, with 3-of-5 configurations coming soon.
Modular Multisig Vault Options
The first and second keys of a Theya multisig vault can be a combination of hardware wallet devices and mobile keys, held individually or in shared custody (with a cosigner).
2-of-3 Multisig Variations
Multisig Vault Type | Key 1 | Key 2 | Key 3 |
Individual | HWW | HWW | Theya Recovery |
Individual | Mobile Key | HWW | Theya Recovery |
Shared | HWW | Cosigner (HWW) | Theya Recovery |
Shared | HWW | Cosigner (Mobile Key) | Theya Recovery |
Shared | Mobile Key | Cosigner (HWW) | Theya Recovery |
Shared | Mobile Key | Cosigner (Mobile Key) | Theya Recovery |
*Hardware wallets (HWWs) keep your keys offline for greater security.
Individual Self-Custody
Individual self-custody with a Theya vault enhances security by distributing control across multiple keys, eliminating the single point of failure typical of traditional singlesig wallets.
Shared Custody
Theya caters to users who desire joint control of bitcoin held in a 2-of-3 vault. A cosigner, a trusted contact like a family member or financial advisor, can be assigned to the vault as a second key holder through an email invitation. This second key can be a hardware device or mobile key.
A user could simply share their second key (hardware device) without inviting a cosigner, but this comes with limitations.
With A Cosigner
Instructions for setting up a mobile key or pairing a hardware device will be sent to the cosigner's email. And when sending/moving bitcoin from this shared custody vault, this cosigner will receive emailed instructions for signing and authorizing the transaction. This allows for keys to be geographically distributed, where signing a transaction is accomplished by both parties independently.
Without A Cosigner
If a user sets up a multisig vault and simply shares a hardware device with a trusted person for safekeeping, emailed instructions for signing a transaction will only be sent to the primary user (Theya account holder). The user will need both devices to sign and authorize sending/moving bitcoin held in their vault.
Note: With all singlesig or multisig wallet setups, it's at the user(s) discretion how to secure and store their physical hardware devices and recovery seed phrases.
Schedule a free consultation to discuss your specific needs!
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