Trustless Custody was started to solve a problem: As crypto assets become more and more popular, how can people safely store them? Crypto users are taught “not your keys, not your coin”, but it’s also true that often “not your keys, still not your coin” due to accidental loss, natural disaster, hackers, and other sources of risk. With traditional finance, your assets can be entrusted to a third party such as your estate planner, and they cannot access those assets outside of the boundaries you have set on that trust. For example, you may have assets in a will, but without a certificate of your death, a bank will not release those assets to your attorney. But with crypto, everything is different. Entrusting somebody with your private keys means they (and anybody they grant access to by accident) can take your assets any time they want.
Our systems are designed to ensure that we never have access to your secrets, in fact, we don’t even need to know what they are! We simply setup the encrypted vault for you, what you place into it is your business and your business alone. This keeps us and your secrets safe and makes our system trustless, because the best way to avoid having your trust violated is to never rely on trusting anybody in the first place.