SeedPro Institutional
Traditional Multi‒Party Custody
for digital assets.
SeedPro is a legally compliant, analog solution for securing crypto assets (e.g., Bitcoin), developed specifically for companies, banks, family offices, notaries, and trustees.
It replaces software-based MultiSig models with a documented Co-Control system, where multiple parties jointly exercise control over the recovery process.
independent of third-party providers, software, internet or licensing requirements.
BaFin‒compliant. Software‒free. Audit‒proof. Insurable
Security is not created through secrecy, but through shared, documented control.
SeedPro distributes asset keys to independent parties such as banks, notaries & trustees
Role 1 ‒ End Customer
End customer/asset owner: receives unusable Part A + Part B of the SeedCode
Role 2 ‒ Bank
Co-custodian bank or Family Office: receives unusable Part B + Part C of the SeedCode
Role 3 ‒ Notary
Co-custodian or notary receives unusable Part A + Part C of the SeedCode
Role 4 ‒ Trustee
Neutral Seedlist Holder stores the SeedList – as the source of all possible word positions
What is SeedPro?
SeedPro is a software-free system for securely splitting and storing Bitcoin keys (seeds). It is based on the BIP39 standard (Bitcoin Improvement Proposal 39), an established protocol that generates easy-to-remember word sequences for wallet recovery
The BIP39 list includes 2048 English words, chosen to be unique and error-resistant. A typical seed phrase consists of 12 or 24 of these words, which are cryptographically converted into private keys.
four roles in a 2-of-3 majority principle
The owner (you as the end customer) receives parts A + B. A co-custodian (e.g., your bank or family office) gets B + C. A neutral co-signer (e.g., a notary) holds A + C. A neutral seed list holder (e.g., a trustee) stores the SeedList, which contains all possible word positions. No single person has full access – only an authorized majority (e.g., two out of three) can reconstruct the seed. The entire process is contractually regulated and analog: No software, no internet, no license dependency. Instead, it uses physical media such as aluminum and steel plates (waterproof, scratch-resistant, and fire-resistant) with NFC chips that are tamper-proof and durable long-term.
SeedPro replaces digital MultiSig models with a legally secure co‒control system, which is BaFin-compliant and does not trigger crypto custody in the sense of the KWG (§ 1 Abs. 1a Satz 2 Nr. 6).
Unlike digital solutions based on blockchain or apps, which are susceptible to hacks or updates, SeedPro remains independent and future-proof – readable even in 50 years, without vendor lock-in, which means no dependence on a single provider of products or services, making it extremely difficult and expensive to switch to an alternative.
A SeedPro list with many co‒custody options
Build a 100% secure co-custody strategy with your seed list.
Backup without software
BaFin-compliant Kryptoverwahrung
Notaries and Trustees
For banks & family offices + foundations
Interchangeable & replaceable roles
4.9 out of 5 stars, based on 285 reviews
SeedPro Institutional
Product Features
Unique SeedPro Seedlist with all possible 2048 BIP39 seed words in random order, on front and back, waterproof, abrasion-resistant, UV-resistant, multi-part security system: backup & recovery without third-party access. Optionally available in aluminum or V2A stainless steel.
🔹 highest security standards🔹 Unique item🔹 Size: Alu: 210 mm x 297 mm x 6mm (DIN A4), V2A 3mm🔹 Material: Aluminum, composite, UV varnish, stainless steel💡Recoverable with Backup subscription💡Storage in a safe with independent partners possible
Product features
The Seedpro Seedlist is custom-made to order as a unique item. It contains a serial number for optional registration for recovery with a BackUp subscription. 3 months of storage included, after which storage can be extended. SeedPro is compatible with all common hard and software wallets, such as Ledger, Bitbox, Tangem, Trezor, Trust, and many others.
Selection options
1. First, choose the material finish. Aluminum is very robust and flame-retardant, stainless steel is fireproof. 2. Decide whether you want to use other storage types in addition to the KeyCode on paper. NFC storage can be easily written to with a mobile phone without additional tools and shared with other co-custodians, Seed&Lock as stainless steel storage is fireproof and comes as a complete tool punching set. Both variants require some time for code transfer. 3. Decide whether you need additional services for storage or recovery. The 3-month backup is included. Vault providers are independent and offer different access rights. The backup covers the loss of the seed list and is absolutely anonymous - even from us! The Micro SD seed list file is encrypted and makes it easier to find the words.
Co-custody
Co-custodies are individually agreed upon by contract. Depending on requirements, notaries for authentication and trustees for onboarding can be meaningfully integrated. The selection of notaries and trustees can be made regionally. The respective costs for contract creation are independent of ongoing co-custody costs and may vary depending on effort. They are agreed upon before commissioning. A 3-party custody is the usual standard for legal reasons. 4-parties ensure that at least 2 parties are required for action. Unless otherwise agreed, the trustee party holds the seed list, draws up the parties' contracts, and monitors and documents legal compliance and verifies accuracy.
Shipping & Returns
SeedPro and security components are delivered within 10 days of order and are excluded from return after general terms and conditions due to custom manufacturing and confidentiality.
Target groups & Use cases
SeedPro is currently the only solution that translates crypto assets, such as "Bitcoin", into the language of the German Civil Code (BGB), Commercial Code (HGB), and Banking Act (KWG) – practical, auditable, future-proof.
Private individuals and Family Offices:
Ideal for estate and inheritance protection. The owner shares KeyCodes with the bank and notary to release Bitcoin only in the event of death – e.g., through a certificate of inheritance. Or for multi-family offices, where multiple heirs access on a consensus basis.
Church and social affairs:
More and more donations or bequests include digital assets such as Bitcoin. SeedPro enables churches or charities to manage these securely – e.g. through partial ownership with a notary and trustee. This way, a Bitcoin inheritance is transferred to a foundation in an auditable manner, without requiring a license.
How do I get SeedPro Institutional?
Multipart backups for digital assets
can be individually designed to meet the respective requirements. The possible participating co-custody parties from banks, notaries, trusts and custodians can be selected regionally. Contract contents, such as role distribution, backup and recovery scenarios, terms, changes, additions, dissolutions and individual wishes are adjusted together.
Setup documentation and formal onboarding confirmations are a central service of the respective technical escrow company.
as simple as possible ‒ as individual as necessary.
What makes SeedPro special?
Secure your crypto assets with a system as robust as your legal framework.SeedPro is BaFin-compliant, audit-proof, and completely software-free – for institutions that take responsibility seriously.
BaFin-compliant
No party holds cryptographic keys – thus no crypto custody in the sense of the KWG.
Software-free & tamper-proof
Completely analog – no internet, no updates, no hacks.
Revision-proof & documentable
Ideal for compliance, audit, insurance, and evidence management.
Modular & Scalable
From single fiduciary to institutional multi-signature system.
Future-proof
Analog remains readable – even in 50 years. No format obsolescence, no vendor lock-in.
what is possible
with SeedPro Institutional?
SeedPro Vesting
Companies, individuals, employees
With SeedPro Vesting, banks and companies can offer secure Bitcoin savings plans for employees – tax-transparent and without BaFin license requirements.
SeedPro Lending
Companies, individuals
With SeedPro Lending, banks, lenders, and family offices can accept Bitcoin as loan collateral without holding cryptocurrencies themselves.
SeedPro is a practical & BaFin-compliantbridge between analog law and digital assets.
The German legal system (and EU law) consists of a traditional, physical legal world of notaries, bank vaults, wills, trust agreements, court records, certificates of inheritance. These are physical, documented, tamper-proof – and have long been established.
SeedPro is the solution that translates crypto assets, such as "Bitcoin," into the language of the German Civil Code (BGB), Commercial Code (HGB), and Banking Act (KWG).
practical, auditable, future-proof.
Why SeedPro Institutional?
Reasons for a traditional multi-party escrow procedure
SeedPro Institutional is an analog, software-free backup system for digital assets like Bitcoin, specifically designed for end customers in collaboration with banks, notaries, and trustees. It replaces digital multi-signature (MultiSig) procedures with a legally secure co-control system where multiple parties jointly control the recovery process – without dependence on software, the internet, or external providers.
1. Legal Compliance and Avoiding Licensing Requirements
Digital MultiSig solutions are often complex and software-dependent, which brings institutions (such as banks) within the scope of the German Banking Act (KWG, § 1 Abs. 1a Satz 2 Nr. 6) and requires a BaFin license. SeedPro, on the other hand, is BaFin-compliant because no single party holds cryptographic keys – there is no "crypto custody" in the legal sense.
For end customers, this means: In cooperation with a bank, notary, and trustee, you can securely safeguard digital assets without your partners having to overcome regulatory hurdles. This saves time, costs, and legal risks, especially in jurisdictions with strict regulations such as the EU MiCAR regulation.
2. Increased Security through Analog Design
Digital MultiSig systems rely on software, apps, and blockchain protocols that are vulnerable to hacks, updates, or vendor failures. SeedPro is completely software-free and tamper-proof: there is no internet connection, no cloud storage, and no dependence on third-party providers.
The keys (seed phrase) are divided into unusable sub-codes (A, B, C) and distributed on physical media (e.g., aluminum plates). Only a 2-out-of-3 majority (e.g., bank and notary) can reconstruct the key. This eliminates single points of failure and protects against impulsive or forced access – ideal for estate planning or inheritance cases.
3. Independence and Future-Proofing
Unlike digital systems, which require regular updates and can be subject to vendor lock-in, SeedPro is independent: it works long-term without software or external platforms – even in 50 years, it remains readable, without format issues.
End customers benefit from the integration of traditional parties (bank for compliance, notary for neutral certification, trustee for moderation), which contractually and physically represent the process. This creates governance for families, companies or family offices, without technical dependencies.
4. Revision Security and Documentability
SeedPro is audit-proof and ideal for audits: every step (distribution, reconstruction) is documentable and linkable to established processes such as bank vaults or notarized files. Digital MultiSig, on the other hand, can make verifiability difficult due to software errors or hacks.
For end customers in institutional contexts, this means: complete transparency and proof of compliance, e.g. for tax matters or inheritance regulations.
5. Modularity, Scalability, and Cost-Efficiency
The system is modular (3- or 4-party models) and scalable for various use cases such as estate protection, escrow transactions, vesting savings plans, or Bitcoin-backed lending – all without BaFin obligations.
Costs are transparent and low (e.g., approx. €1,400 for the end customer including setup), compared to licensed digital solutions that require ongoing fees for software and updates.
01
Use Cases
analog multi-party backup procedures
Estate & Inheritance Protection (Private Wealth / Family Office)
Backup procedure with 4‒party system. The testator (end customer) wants to ensure that Bitcoin or other digital assets are not lost or passed on to legal heirs, but also not accessible prematurely.
Reconstruction only in case of death or according to defined conditions (e.g. notarized confirmation, will, opening protocol) Bank + notary can actively release access for heirs and automatically trigger legal succession. The heir can actively request the key with a certificate of inheritance from the notary or bank. Only the bank and notary can request the seed list from the trustee with the majority of codes from the seed list. The advantage: No single point of failure, no central custody → KWG-free, legally secure, auditable.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. €300) Contracts (fees approx. €500), optional safekeeping (rent approx. €200/year) - €75 for deposit at the district court and €15 for registration in the Central Testament Register (total cost of €90) + notary fees (approx. €300) + trustee fees (€200) Total expenditure approx. €1,400
Expenditure / Income Party 2: Contract, deposit customer master data partial code - Income from transaction + multi-party security procedure approx. €250
Expenditure / IncomeParty 3: Contract, Will - Income multi-party security procedure approx. €400
Expenditure / IncomeParty 4: Contract, Moderation, Setup - Income multi-party security procedure approx. €400
02
Trustee or Escrow Procedures in Transactions
Safeguarding procedure with 4‒party system. A company buys or sells a Bitcoin holding; payment and the private key are only to be released after all contract conditions have been fulfilled.
Release only occurs if all contracting parties (e.g., 2 out of 3 + SeedList) agree. The advantage: SeedPro replaces digital multisig smart contracts with analog, legally secure multisig, ideal for jurisdictions without clear crypto legislation.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. €300) + notary fees (approx. €400) + escrow fees (€400) Total expenditure approx. €800
Expenditure / IncomeParty 3: Contract - Income multi-party security procedure approx. €400
Expenditure / IncomeParty 4: Contract, moderation, setup - Income multi-party security procedure approx. €400
03
Institutional custody of client assets (bank, administrator + notary)
Custody procedure with 4‒party system. The main problem today is that if a bank holds crypto assets, it needs a BaFin crypto custody license. With the SeedPro solution, the bank is not the custodian of the private key, but only holds part of a code.
The bank can legally participate in the security model without triggering a custody obligation according to § 1 (1a) sentence 2 no. 6 KWG.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. €300) Contracts (fees approx. €250), optional custody (rent approx. €200/year), notary fees (approx. €300) + escrow fees (€300) Total expenditure approx. €1,150
Expenditure / Income Party 2: Contract, deposit customer master data partial code - Income from transaction + multi-party security procedure approx. €250
Expenditure / IncomeParty 3: Contract - Income multi-party security procedure approx. €300
Expenditure / IncomeParty 4: Contract, moderation, setup - Income multi-party security procedure approx. €300
04
Institutional Custody of Client Assets (Bank, Administrator)
Security procedure with a 3‒party system. The difference from a 4-party system is that a notary as the 4th party is omitted. The multi-party security procedure for digital assets in this system does not cover code loss risk.
The bank can legally participate in the security model without triggering a safekeeping obligation according to § 1 para. 1a sentence 2 no. 6 KWG.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. 300€) Contracts (fees approx. 250€), optional custody (rent approx. 200€/year) + escrow costs (300€) Total expense approx. 850€
Expenses / Revenues Party 2: Contract, deposit customer master data partial code - income from transaction + multi-party security procedure approx. 250€
Expenses / RevenuesParty 3: Contract - income multi-party security procedure approx. 300€
Expenses / RevenuesParty 4: Contract, moderation, setup - income multi-party security procedure approx. 300€
05
Corporate Custody (e.g., GmbH with Bitcoin reserves)
Backup procedure with a 4‒party system. Companies want to hold Bitcoin securely, but not grant a single employee sole access.
In addition to the board of directors, the foundation council, possibly a notary or trustee and bank are the perfect SeedPro partners – they form a robust, legally sound co-control system that combines the purpose of the foundation, transparency and security.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. €300) contracts (fees approx. €250), optional custody (rent approx. €200/year), notary fees (approx. €300) + escrow fees (€300) Total cost approx. €1,150
Expenses / Income Party 2: Contract, deposit customer master data partial code - income from transaction + multi-party security procedure approx. €250
Expenses / IncomeParty 3: Contract - Income multi-party security procedure approx. €300
Expenses / IncomeParty 4: Contract, moderation, setup - Income multi-party security procedure approx. €300
06
Foundation Custody (non-profit foundation, family foundation, corporate foundation)
Safeguarding procedure with a 4‒party system for crypto donations or reserves for non-profits, where access is only released by consensus (e.g., board + trustees).
The foundation (owner), bank or notary (co-custodian) and trustee (seed list holder) set up a SeedPro wallet. The seed is divided into unusable partial codes plus a seed list. These are stored analogously by all three. No party can access it alone. Access only takes place by consensus of two parties, the seed is reconstructed and the Bitcoin transferred – software-free and without a BaFin license.
internal governance + external neutrality; no single person can reconstruct Seed; compliance-secure.
Costs from multi-party security procedures - Party 1: Wallet, SeedPro (purchase approx. €300) contracts (fees approx. €250), optional custody (rent approx. €200/year), notary fees (approx. €300) + escrow fees (€300) Total cost approx. €1,150
Expenses / Income Party 2: Contract, deposit customer master data partial code - income from transaction + multi-party security procedure approx. €250
Expenses / IncomeParty 3: Contract - Income multi-party security procedure approx. €300
Expenses / IncomeParty 4: Contract, moderation, setup - Income multi-party security procedure approx. €300
07
Multi-Family Office (Estate Community)
4‒Party System Security Procedure. When multiple family members or heirs are to have access to joint assets, but only in combination.
Several family members or heirs set up a SeedPro wallet. The seed is split into unusable partial codes plus SeedList. These are stored analogously with the owner, bank/notary, and trustee. No party can access it alone. Access is only granted by consensus of two parties, the seed is reconstructed, and the Bitcoin is transferred – software-free and without a BaFin license. Access only by consensus; ideal for communities of heirs, trusts, or foundations.
Costs from multi-party security procedures - Party 3: Wallet, SeedPro (purchase approx. €300) Contracts (fees approx. €250), Custody (rent approx. €200/year) + Trust costs (€300) Total expenditure approx. €850
Expenses / IncomeParty 4: Contract, Moderation, Setup - Income multi-party security procedures approx. €300
08
Judicial or notarial custody (in case of disputes)
Safeguarding procedure with 4‒party system. Court orders certain Bitcoin to be locked until the conclusion of proceedings.
The court orders the blocking of the Bitcoin. The coins are transferred to a SeedPro wallet and the seed is divided into unusable partial codes plus SeedList. These are stored analogously by the owner, bank/notary and trustee. No party can access it alone. After dispute resolution or judgment, two parties release the parts, the seed is reconstructed and the Bitcoin transferred - software-free and without a BaFin license.
Physically secure, traceable custody without smart contracts or BaFin-regulated custody until the court decision.
09
Security procedure with 4‒party system. With SeedPro Vesting, banks and companies can offer secure Bitcoin savings plans for employees – tax-transparent and without BaFin license requirements. The SeedPro Vesting model divides access to the wallet into three separate components: SeedList, KeyCode, and PIN. During the vesting period, the employee has no access, so the coins remain securely stored.
The employer pays monthly (e.g., 50–200 €) in Bitcoin for an agreed period (e.g., 3 years). The coins are automatically purchased (e.g., via 21Bitcoin, Relai or Bitpanda) and credited to a SeedPro wallet held by the trustee. The employee has no access, no taxable inflow (no power of disposal), but an entitlement to the Bitcoin after the deadline. After the vesting period (e.g., 3 years), the employee decides on acceptance: He receives the wallet access data, becomes the owner and triggers immediate wage tax on the total amount. The tax holding period (§ 23 EStG) of 1 year begins; after that, tax-free sale is possible or rejection: No taxable inflow; the coins remain with the company for reallocation or sale.
SeedPro transforms Bitcoin into a legally compliant, analog employee benefit model – independent of exchanges or digital platforms. Secure asset accumulation for employees - Tax deferral until handover, tax-free holding period after 1 year - High security through segregated storage - Strengthening employee loyalty through innovative benefits - No BaFin license required for companies
10
Security procedure with a 4‒party system. With SeedPro, banks, lenders, and family offices can accept Bitcoin as collateral without holding cryptocurrencies themselves. The borrower's Bitcoin is deposited in a SeedPro-secured wallet, access to which is governed by an analogous multi-signature system. Bank, notary, and trust4money share the access parts – no single party has sole control, and no crypto custody in the sense of the KWG arises.
SeedPro lays the foundation for real Bitcoin collateral in lending – legally secure, independent, and without digital custody.
Digital or Analog?
How multiparty security procedures differ
SeedPro creates a BaFin-compliant, software-free system that is legally and organizationally independent, can be documented in an audit-proof manner, and functions without third-party providers even in the long term.
digital Software Multi‒Signature Systems
Digital MultiSig solutions for crypto assets are based on software, apps, and blockchain protocols. They require regular updates, are vulnerable to hacks or provider changes, and are often subject to regulatory licensing requirements.
analog multi‒party safeguarding procedures
Analog multi-party custody procedures for crypto assets open up new possibilities for end customers with institutional partners, such as banks, notaries, and trustees, to protect digital assets like Bitcoin securely, legally compliant, and transparently.
What our customers say:
SeedPro opens doors for service providers who have previously been deterred by the crypto world. Why? Traditional or digital security models in the combination of end customer, bank, notary and trustee are often impossible because they trigger the BaFin licensing requirement.
According to the German Banking Act (KWG), any safekeeping of cryptographic keys is considered a "crypto custody business" that requires an expensive license – with high hurdles such as IT security certificates, compliance systems, and expert personnel. Digital MultiSig solutions fall under this, as one party (e.g., the bank) often has effective access or software is dependent, which is interpreted as custody from a regulatory perspective. Without a license, you risk penalties, and very few institutions (such as banks or trustees) have one – it is time-consuming and costly. In the EU, the MiCAR regulation will further strengthen these rules from 2024/2025.
Häufige Fragen, wie einanaloges Mehrparteien‒Sicherungsverfahren für digitale Vermögenswerte funktioniert:
Safeguarding your asset keys such as PINs, seed phrases, and key codes is among the most important things to protect your Bitcoin and seed phrases long-term. Because: not your Keys ‒ not your Coins!
1. What problems does SeedProtector solve?
If you want to be the owner of your Bitcoin keys, you need a wallet. They are protected with 12/24 secret seed words that form a seed phrase. If you only protect your seed phrase with notes or a steel backup, anyone who finds it immediately has a master key to your Bitcoin. With SeedPro, you can split your keys into individual keys as often as you like, involve people and service providers, and store them however you want. Physically, biometrically, or digitally. The separation of wallet, PIN, and seed phrases, or SeedKeys, is essential for a legally secure storage concept.
2. Why should Bitcoin seed phrases be backed up multiple times?
Imagine losing access to your wallet – be it due to theft, technical errors, or a simple moment of inattention. This happens frequently and has already cost countless crypto owners millions. Seedprotector was developed to eliminate these risks with divided communities, storage media, and secure locations. If your seed phrase is unprotected, anyone can instantly access your Bitcoin. SeedPro transforms it into a SeedKey – unique, encryptable, shareable, and securely storable.
3. What makes SeedProtector different from other solutions?
Seedprotector is a security and storage system for Bitcoin. It consists of several backup components that can be legally shared and stored externally. The system is comprised of physical and digital security. It meets all legal requirements for Bitcoin custody for individuals and businesses.
We have developed a backup for seed phrases that allows you to decide which storage method is right for you. To be flexible with storage, you simply convert your seed phrase into a SeedKey with your unique SeedPro-Seedlist. You'll be amazed how quickly this works and what you can do with it, unlike your seed words.
Seed phrases can now be stored digitally - securely and for others, and no longer pose a fundamental security risk. With a one-time purchase of a SeedPro-Seedlist, you can secure as many seed phrases as you want, now and in the future.
4. How does the backup of seed phrases and Bitcoin keys work?
SeedPro uses a process called Unique Positional Seed Encoding (UPSE), which translates a BIP39 seed phrase into positional codes. These so-called SeedCodes represent the positions of the seed words within the standardized BIP39 word list (2048 words). The BIP39 word list is individually regenerated in a random order for each user, so the SeedCode is always unique, even with identical words. The BIP39 word list corresponds to the DINA4 format and is printed on aluminum composite panels on the front and back using a secure thermal process. They are therefore waterproof, scratch-resistant, UV-radiation-proof, and flame-retardant. Due to its size, it is suitable for safes and files and is not as easy to lose as other, significantly smaller backups.
The BIP39 word list is converted into a matrix with 15 columns (A–O) and 137 rows (1–137). Each entry in the list can thus be uniquely referenced by an alphanumeric code such as "F73".
A standardized 12- or 24-word seed phrase is converted into 12 or 24 of these positional codes: mystery garden rival ... ➔ H79 F61 K44 ...
5. Who needs to split their seed phrases and Bitcoin keys with others?
For example, these can be individuals who want to arrange a succession with notaries, or families who want to integrate a spouse, children, or relatives. Companies also share responsibilities with executives. Banks or trustees share access with their customers for credit granting and keep shared and coded keys with themselves or with vault custodians. Not recommended for small private users without institutions → Too complex, too expensive (approx. €1,000–1,400 setup). Tech-savvy solo holders → Better with hardware wallet + Shamir Secret Sharing (SSS) or multisig software (e.g., Electrum, Sparrow). Short-term speculation → Setup is only worthwhile for long-term custody.
6. When are Bitcoin keys shared with others?
whenever several parties want to share access to their Bitcoin, a legally secure system for key sharing is needed. Why? It prevents one person from accessing the assets alone. Sharing enables security against others.
7. Why is a system needed for sharing Bitcoin keys?
A system is always required when certain roles with rights are to be assigned through key sharing. Whenever a commercial or legal partner such as a bank, notary, trustee, vault custodian or family office holds keys for another person or company, either a concrete Bitcoin splitting and custody system for Bitcoin keys is needed, or a license from the Federal Financial Supervisory Authority (BaFin) under the Banking Act or the Financial Market Authority (FMA) in Austria or (FINMA) in Switzerland is required for service providers for custody. Custody for others without a license or system is illegal. License violations in the financial sector can be penalized.
8. How do the SeedPro protections differ?
SeedPro II - is a 2-fold security for normal use. Consisting of a seed list and a paper KeyList for noting the KeyCode. The code can be stored or copied as desired. Why is there no Seedpro I? Simply secured seed phrases do not offer the same protection as double-secured, shared, and coded seed phrases.
SeedPro II+ - is the same 2-fold security plus an NFC memory as a Card or Bitcoin for storing the code for all sharing purposes. In addition to the noted code on the PaperKeylist, there is another physical and digital security of the KeyCode on an NFC chip. They are written with conventional, free mobile phone apps, such as NFC cool. Chips can be ordered individually and distributed to security stakeholders as often as desired. Ideal for families with multiple members or heirs, as well as companies and FamilyOffices.
SeedPro III - is a 3-fold security for family purposes. Consists of a seed list plus 2 acrylic templates. These templates are used to mark the positions of the seed words on the seed list. Why 2 templates? There is a front and a back on the seed list because there would be too many words for one side. Each side therefore has a template. It simplifies the formation of the seed phrase, as no code has to be regenerated. Simply place the template - and the words become visible. Ideal for families with multiple members or heirs.
SeedPro III+ - is a 3-fold security for the highest applications. Consists of a seed list plus 1 additional metal plate (Keylist) and an acrylic template. The seed list stores all words, the Keylist stores the selection of words as a KeyCode and the PIN, the template stores the order of the words. Ideal for families with multiple members or heirs, as well as companies and FamilyOffices.
9. How does a physical storage of a seed phrase key code work?
once converted with your secret seed list, you can store your SeedKey physically anywhere and make infinite copies with any material. Whether on sticky notes or paper forms, or on stone, wood or metal - your imagination knows no bounds. Store it wherever you want: On the back of photos or pictures, in folders on foils or stickers or jewelry such as necklace pendants, rings or bracelets. Carry it with you, store it at home or together with your seed list at one of our partner vault providers near you. This only works with the Key - not with your words!
10. How can seed phrases and key codes be stored digitally and biometrically?
Yes, you heard right! A no-go with seed words but allowed with the SeedKey. Because only with your unique and secret seed list will your SeedKey become your seed phrase. Finally, a secure offline creation of a SeedKey and storage on your mobile phone, laptop, hard drive, USB storage card, in the cloud, or anywhere else digitally is possible. An innovative and definitive solution for storing your SeedKey is the signed and verified message from your hardware wallet with your wallet address. You can store this signature online, and it is guaranteed to belong to your wallet.
If you want to always carry several key codes with you, you can wear them under your skin instead of jewelry and a wallet. They become invisible to everyone and cannot be stolen or lost. With a mini-biometric NFC chip as an implant, you carry your key code on your body – wherever you want. It is invisible and does not bother you. Every modern mobile phone is also an NFC writing and reading device, with which you can then discreetly make your code visible again if you wish. Together with your seed list, you immediately have your seed phrase again as your Bitcoin asset key.
11. Which laws govern the storage of wallets & seed phrases?
The custody of cryptographic keys and wallets is regulated in Germany according to § 1 Abs. 1a Satz 2 Nr. 6 KWG and the crypto custody business, and in Switzerland by the Financial Market Supervisory Authority (FINMA) and in Austria by the Financial Market Authority (FMA). It requires a license for providers, for which there are high regulatory hurdles and proof of IT security & infrastructure (e.g., HSMs, access management), compliance & risk management, personnel with crypto expertise, compliance with MiCAR and anti-money laundering regulations. These are complex and expensive, which is why very few market participants, such as banks, trustees, notaries, vault custodians, and family offices, currently possess or aim for them. The AMLD5 and from 2024/2025 the new MiCAR Regulation (Markets in Crypto-Assets Regulation) regulate the crypto custody business throughout the EU.
The custody of seed lists as part of the Bitcoin backup SeedPro from Seedprotector is not considered the custody of cryptographic keys or cryptocurrencies within the meaning of the Banking Act and is not subject to licensing requirements in any country.
The constellations of so-called key splitting (Split Key Custody) do not apply to SeedPro. A bank, trustee, or vault custodian who possesses a seed list as a custodian but has no access to wallets is not subject to authorization, as formally there is no complete crypto custody. The entire word list according to the BIP39 protocol is to be regarded as part of an individual seed phrase and as the complete base set of all possible words.
Only with SeedPro can service providers professionally custody keys and wallets even without a license.