Multisig Account
How to create and use Multisig Wallet
What Is a Multisig Account?
A Multisig Account is a shared on-chain account that requires approval from multiple authorized signers before any transaction can be executed. Unlike a standard account controlled by a single private key, a multisig account distributes approval authority across multiple participants, eliminating the single point of failure.
Functioning like a secure digital vault for organizations and teams, KEYRING ONE's Multisig Account enables businesses to securely manage treasury assets, establish transparent approval workflows, and ensure that no single individual has unilateral control over shared funds.
How to Create a Multisig Account
A multisig account functions like a secure digital vault for digital assets. Instead of being controlled by a single individual, every transaction must be approved by multiple authorized signers.
In KEYRING ONE, the required approval threshold must be at least two-thirds of the total number of signers.
To create a multisig account:
Select Multisig Account from the top menu.
Optional: Enter a name for the account.
Set up the Signers. Add the account addresses that will be granted permission to approve transactions.
Set up the Threshold. This is the minimum number of signer approvals required to authorize a transaction.
Review the settings, then select Create.
Sign the confirmation message in your KEYRING PRO.
Wait for the creation process to complete.
Important Notes
Once a multisig account has been created, its settings cannot be changed. Please review all information carefully before creating the account.
Creating a multisig account only requires the standard blockchain gas fee. KEYRING ONE does not charge any additional creation fee.
Details Explanation
Signers
Signers are the account addresses authorized to approve transactions from the multisig account. Every signer has equal authority, and no transaction can be executed until the required number of approvals has been obtained.
By distributing approval across multiple trusted participants, the multisig account eliminates the single point of failure and significantly reduces the risk of unauthorized transactions, compromised private keys, or accidental asset transfers.
KEYRING ONE currently supports multisig accounts with 3 to 5 signers. To add more Signers, click on the Add more button.
Threshold
The threshold defines the minimum number of signer approvals required to execute a transaction.
To ensure a strong balance between security and operational efficiency, the minimum approval threshold is fixed at two-thirds (2/3) of the total number of signers.
The available configurations are:
3 Signers
2 of 3
At least any 2 signers must approve the transaction.
4 Signers
3 of 4
At least any 3 signers must approve the transaction.
5 Signers
4 of 5
At least any 4 signers must approve the transaction.
By requiring approval from a qualified majority rather than a simple majority, KEYRING ONE significantly reduces the risk of unauthorized transactions while ensuring that no single signer can independently control organizational assets.
Once the required threshold has been reached, the transaction becomes eligible for execution.
Create More Multisig Account
After creating your first Multisig Account, the Multisig Account page will display its information by default.
To create an additional Multisig Account:
Open the Multisig Account page.
Find the menu next to My Multisig Account on the right side of the page.
Select Create New.
Repeat the same Multisig Account creation steps used for your first account.
Use a Multisig Account on Another Chains
A multisig account can be used on multiple supported chains while retaining the same account address, signer addresses, and approval threshold.
When you switch to another chain, any multisig account that has not yet been created on that chain will appear dimmed under My Multisig Account.
To activate an existing multisig account on the new chain:
Switch to the chain you want to use.
Go to the Multisig Account tab.
Under My Multisig Account, select the dimmed multisig account.
The Multisig Account Creation form will display the same account name, signer addresses, and approval threshold used on the original chain.
Review the configuration and select Create.
Confirm the request in KEYRING PRO Wallet.
Wait for the account creation process to complete.
The displayed configuration cannot be edited. This ensures that the multisig account uses the same address and approval settings across every chain on which it is activated.
After the account has been successfully created on the new chain, its card will no longer appear dimmed and can be used normally.
Important Notes
A dimmed account has not yet been created on the currently selected chain.
Activating it creates the same multisig account on that chain.
The account address, signers, and approval threshold cannot be changed during activation.
Assets and balances are managed separately on each chain.
Multiple multisig accounts can be created and used on the same chain.
Each multisig account can be activated on multiple supported chains.
Supported Chains
KEYRING ONE currently supports the following EVM-compatible networks for Multisig Accounts:
Ethereum
Optimism
BNB Chain
Base
Arbitrum
Avalanche
Unichain
Polygon
Robinhood Chain
As additional EVM-compatible networks are supported in future releases, they will also be available for Multisig Accounts.
Supported Tokens
KEYRING ONE Multisig Account supports native tokens on supported networks, as well as all ERC-20 tokens deployed on those networks.
Token prices and estimated asset values are displayed only when reliable pricing data is available from exchanges or liquidity pools. Tokens without available market pricing can still be held in the account, but their value may not be displayed.
Important Notes
NFTs are not supported by the KEYRING ONE Multisig Account. Although NFTs can technically be transferred to the account address, they will not appear in the interface and cannot be transferred out through KEYRING ONE.
Please do not send NFTs to a KEYRING ONE Multisig Account.
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