Loading organizations...
§ Private Profile · San Francisco, CA, USA
The world's simplest Bitcoin self-custody solution
Key people at Theya.
Theya was founded in 2023 by Smeet Bhatt (Founder) and Vikas Choudhary (Founder) and Sriram Bhargav Karnati (Co-founder).
Theya is the world’s simplest Bitcoin self-custody app for users who find crypto exchanges risky and hardware wallets overwhelming. We are making the self-custody UX seamless with our multi-sig wallet that users can set up using smartphones, giving them the functionality and convenience of centralized exchanges without sacrificing control and security of hardware wallets.
We aim to be the default consumer app for Bitcoin - offering products like accumulation, lending, investments and payments - all built on top of our intuitive self-custody platform.
Key people at Theya.
Theya was founded in 2023 by Smeet Bhatt (Founder) and Vikas Choudhary (Founder) and Sriram Bhargav Karnati (Co-founder).
# Theya: The World's Simplest Bitcoin Self-Custody Solution
Theya is a Bitcoin self-custody platform that eliminates the complexity and risk associated with traditional custody solutions.[1] The company builds modular, multisig vault infrastructure designed for individuals, families, teams, and organizations of all sizes—from startups to exchanges and professional services firms.[3] Rather than forcing users to choose between the security risks of centralized exchanges or the technical complexity of hardware wallets, Theya offers a middle path: collaborative, self-custodial Bitcoin management with an intuitive user experience.[1][2]
The core problem Theya solves is fundamental to Bitcoin adoption at scale. Organizations struggle to manage holdings across teams, delegate access securely, and reconcile activity without relying on third-party custodians or navigating overwhelming technical setups.[1] Theya for Business—launched as a modular operating system for corporate treasury, payments, and operations—removes custodial risk while enabling teams to coordinate workflows, assign roles, and monitor holdings from a single dashboard.[3] The platform is live globally and already powers internal treasury for exchanges, mining operations, and Bitcoin-native companies.[3]
Theya was founded by Sriram Karnati and a co-founder team and participated in Y Combinator's Winter 2023 cohort.[7] The company emerged from a clear observation: Bitcoin was gaining organizational traction, but the infrastructure hadn't evolved to support collaborative, team-based custody at scale.[1] Most existing solutions were built either for individual users or required trust in third parties—neither option was suitable for businesses managing significant holdings across multiple stakeholders.
The founding insight centered on the multisig vault as the foundation for a new model of Bitcoin infrastructure. Rather than building another custodial service, the team designed a platform where organizations retain full control of their keys while gaining the operational simplicity and collaborative features that traditional finance teams expect.[3] This philosophy—"Your Keys, Your Bitcoin"—became the north star.[2] The company's trajectory from Y Combinator to launching Theya for Business reflects rapid validation of the market need for self-custodial infrastructure that doesn't sacrifice usability.
Theya's 2-of-3 multisig vault design is the technical foundation that enables its simplicity.[2] The platform holds one key, while users control the other two across separate devices—whether hardware wallets (Trezor, Coldcard, Ledger, Foundation) or mobile keys.[5] This distributed control mechanism eliminates single points of failure while ensuring no single party—not even Theya—can access funds independently.[2] Users decide how to hold their keys: all offline, shared with trusted contacts, or across multiple devices.[2][6]
Unlike generic wallet solutions, Theya for Business includes collaborative vaults, role-based access control, transaction visibility dashboards, and reconciliation tools designed for finance and compliance teams.[1] Organizations can provision vaults for departments, partners, or individual employees—all under one roof—without requiring technical expertise.[1] This addresses a real operational gap: managing Bitcoin across teams has historically been hard, but Theya makes it as straightforward as traditional treasury management.[1]
The multisig structure provides built-in redundancy. If a user loses a private key to theft, loss, or damage, they can still recover funds using the remaining two keys—one held by Theya and one in their possession or with a trusted contact.[2] This recovery mechanism is a significant differentiator for inheritance planning and disaster resilience, as noted by early adopters.[5]
Theya operates on iOS and Web, with Android coming soon.[4] Users can access their vaults anywhere, invite others to co-manage with granular permissions, and sign transactions intuitively—removing the friction that has historically made self-custody cumbersome.[4][8]
This is Theya's positioning mantra.[1] The platform abstracts away the complexity that deters mainstream adoption while maintaining institutional-grade security. Users don't need to understand HSM infrastructure, key derivation, or multisig mechanics—they just use the app.[4]
Theya sits at the intersection of three powerful trends reshaping Bitcoin infrastructure: institutional adoption, self-sovereignty, and operational simplification.
Bitcoin is transitioning from a speculative asset to a treasury reserve and operational tool for corporations, funds, and exchanges.[3] However, the custody infrastructure hasn't kept pace. Traditional custodians introduce counterparty risk and fees; self-custody has been too complex for non-technical teams. Theya fills this gap precisely when organizations need it most—as Bitcoin becomes a standard part of corporate balance sheets.[1]
The collapse of FTX and other custodial failures have reinforced the principle that "not your keys, not your coins." Theya enables organizations to embrace this ethos without sacrificing operational efficiency. This is a fundamental shift: self-custody is no longer just for paranoid individuals but a best practice for risk management.[2]
Early Bitcoin wallets were consumer-focused. Theya represents the maturation of the ecosystem toward enterprise-grade infrastructure—with dashboards, audit trails, role-based access, and compliance tooling.[3] This mirrors how cloud infrastructure evolved from developer tools to enterprise platforms. Theya is building the "Bitcoin operating system" for organizations, not just individuals.[3]
The regulatory environment is clarifying, institutional adoption is accelerating, and the technical bar for self-custody is finally dropping. Theya's launch of Theya for Business in 2025 captures this moment when demand for self-custodial infrastructure is highest and the market is ready for a simplified solution.[3]
Theya has identified a genuine market inefficiency: organizations want to hold Bitcoin but lack the infrastructure to do so safely and operationally. The company's modular approach—supporting everything from cold storage to active payments to collaborative team vaults—positions it as a foundational layer for Bitcoin infrastructure, similar to how Stripe became foundational for payments.
The company has signaled plans to expand beyond vault management into native Bitcoin purchasing, automated payments, credit lines backed by BTC, and advanced compliance dashboards.[3] These features would transform Theya from a custody solution into a comprehensive Bitcoin operating system for organizations—a significant expansion of addressable market.
The regulatory clarity around self-custody, the continued institutional adoption of Bitcoin as a treasury asset, and the growing sophistication of corporate finance teams using Bitcoin will all accelerate Theya's growth. As more organizations adopt Bitcoin, the demand for infrastructure that combines security, simplicity, and operational control will only intensify.
Theya's success would validate a new model for Bitcoin infrastructure: self-custodial, modular, and designed for teams rather than individuals. This could shift the entire industry away from custodial models and toward distributed, user-controlled infrastructure—a fundamental realignment of how Bitcoin is managed at scale.
The company's core thesis—that Bitcoin adoption requires infrastructure that is simultaneously secure, simple, and collaborative—addresses one of the most pressing challenges in the Bitcoin ecosystem. If Theya executes on its vision, it could become the standard infrastructure layer for organizational Bitcoin management, much as it has positioned itself as the world's simplest self-custody solution.
