Recently, Tholos announced that it raised a pre-seed round of $1.5 million to build the next generation of digital asset custody and treasury management. The funding round was led by North Island Ventures, Lattice Capital, Chainforest, and Dispersion Capital. In addition, a group of angel investors, including Reverie, Can Gürel, Brandon Kumar, and 369 Capital, took part in the funding round.
What is Tholos Doing?
Tholos is developing a custody and treasury management platform that gives businesses the ability to safely store their assets, conduct transactions with them, engage with dApps, and run regular business operations. The company will deliver an industry-leading treasury management experience using best-in-class technology, going above and beyond the functionality and security requirements provided by existing solutions.
The company is developing an institutional-grade product that is open to all users, whether they are security-conscious individuals, DAOs, funds, teams, or businesses. In addition, the company is the best option for organizations and teams to safely store crypto assets and connect natively with blockchain-based applications, whether it’s to compensate contributors with cryptocurrency or earn a yield on assets.
Highlights of Tholos
The company has four different characteristics that stand out: being multi-chain, being cheap, prioritizing user experience, and being an entirely self-custodial product.
Being Multi-Chain
It is an entirely multi-chain platform that enables businesses to keep assets and communicates with dApps on all significant blockchains. Organizations adopting it will be able to manage assets cross-chain, gain exposure to many ecosystems, and communicate natively with any blockchain application, including EVM and beyond.
Being Cheap
The platform, which is a cheaper option in terms of setup and usage, does not subject its users to expensive contracts, unlike other institutional custody providers.
Prioritizing User Experience
The platform’s developers offer a streamlined user experience by eliminating difficult processes and ensuring ease of use. During the design process of the platform, the developers spent months of research to get the best. They even worked with users of popular custody products. Thus, after an extensive research phase, the team decided on the design that would be the best in terms of user experience.
Being an Entirely Self-Custodial Product
The developer team believes that self-custody for crypto is a must. Therefore, all Tholos Vaults will be entirely self-custody.
About Tholos
It is a group-secured cryptocurrency wallet that enables users to view assets, conduct transactions, and engage with dApps on all significant blockchains.
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