Team MultiSig for shared treasuries
Team MultiSig gives every participant equal permissions and requires several of them to approve any spend. It suits small teams, communities and shared funds where no one person should be able to move money alone, but you don't need formal roles.
Who is this for?
Team MultiSig fits groups that trust each other but want no single point of failure: a startup's operating funds, a DAO working group, a club or investment pool. Everyone has the same permissions — anyone can propose a spend, and a threshold of signatures approves it. If you need different roles, weights, whitelists or spending limits, use Enterprise MultiSig.
How do I set up a team MultiSig?
Each participant installs Ownbit
Everyone creates a MultiSig wallet, which gives each person a MultiSig wallet ID used to add them as a participant.
Create the MultiSig and pick Team
One person creates the MultiSig, chooses the Team MultiSig permission scenario, selects the network, and sets the signing mode (e.g. 2-3).
Choose the recovery strategy
Standard MultiSig, or Accident Protection if you're concerned a participant could lose access over time.
Add participants and deploy
Add the others by their wallet IDs; once everyone joins, deploy the contract (some chains need a small network fee), then deposit funds.
Team MultiSig is fixed at creation — participants and the signing mode can't be changed afterwards, so plan them carefully. If you need to add or replace signers later, use Enterprise MultiSig (supported on the EVM family and TRON).
How spending works
One participant taps Send and enters their password to sign; the others receive a signing request and add their signatures. Once the number of signatures reaches the threshold, the transaction broadcasts automatically. On EVM chains a personal wallet with gas is needed to broadcast; on Tron and Solana there's a small network step.
Limits and trade-offs
- Standard MultiSig can become unspendable if you permanently lose access to enough signers — choose Accident Protection if that's a concern.
- Coordination cost: every spend needs several people to sign.
- Take care sharing a MultiSig with people you don't know well — participants jointly manage real funds.
Frequently asked questions
What's the difference between Team and Enterprise MultiSig?
In Team MultiSig everyone has equal permissions. Enterprise MultiSig adds roles (Owner, Signer, Security Admin), weighted signing, whitelists and limits for more advanced governance.
Which signing mode should a team pick?
2-3 and 3-5 are common for teams. Pick a threshold high enough that no small group can collude, but low enough that you can always reach it in practice.
What happens if we lose a signer?
With Standard MultiSig, losing enough signers can make funds unspendable. Accident Protection MultiSig lets the remaining participants recover after ~416 days of inactivity.
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Download Ownbit
Install the app, then set up a cold wallet or MultiSig for the workflow you need.