Dmitry Tokarev, founder of crypto custody company Copper Technologies Ltd, has created a new company, Bron Labs, whose goal is to solve the problem of recovering lost wallets without compromising self-custody.
Bron Labs has developed a self-custody platform designed to provide institutional-grade security to individual users.
According to Tokarev, the company raised about $15 million from 140 investors earlier this year, including LocalGlobe, Fasanara Digital, and GSR.
The platform is aimed at professionals and executives who need the same level of protection as large financial institutions, but at a much lower cost.
It solves the problem of lost seed words, and as we know, most digital wallets use 12 or 24 words to restore access. If a user loses these words, they are permanently unable to operate their cryptocurrencies.
Bron’s solution is a «guardian-assisted recovery» system. When creating a wallet, users designate two trusted individuals who must approve any recovery request.
Once approved, there is a mandatory 48-hour delay, providing an additional layer of protection against coercion or theft.
Bron launches this week with plans ranging from $20 per month for individuals to $3000 for small businesses.