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Operations

Custody architecture.

Customer stablecoins are held in a multi-signature treasury structure on Solana. The architecture is built so that no single key, person, or system can move funds — and so that the operational keys most often touched are the ones with the least money behind them.

The structure

Hot, warm, and cold — sized for purpose.

Hot tier

Operational liquidity for everyday deposits and withdrawals. Smallest balance. Signers required to authorise any outflow.

Warm tier

Working capital for strategy deployment and rebalancing. Higher threshold; multiple signers and time-locks on movements out of tier.

Cold tier

Bulk of the book. Air-gapped key material. Movements require quorum from senior signers and operate on a defined schedule, not on demand.

Controls

What protects every outflow.

Authorisation is layered. A single compromised key cannot move funds. A compromised operational system cannot bypass approvals. Withdrawal destinations are filtered, and first-time addresses face additional friction by default.

Threshold signing

Outflows require a quorum of signers — never a single key. Quorum size scales with tier value.

Withdrawal allowlists

User-side allowlists for destination addresses, with a 24-hour review window on first-time additions.

Real-time monitoring

Every outflow event is mirrored to monitoring channels with on-call response. Anomalous activity triggers a hold.

Key rotation & recovery

Periodic rotation of operational keys. A documented recovery procedure for cold-tier signers, audited internally.