Hexa Wallet

BitHyve, operating under the name Hexa Wallet, is a fintech entity focused on developing non-custodial Bitcoin software. Founded in 2019 by Anant Tapadia and Prasad Prabhakaran, the UK-based company aims to simplify Bitcoin self-custody for a broad user base. Anant Tapadia, the founder and CEO, has been actively building Bitcoin software for several years, starting with side projects on the Lightning Network before committing full-time. This journey led to the creation of Hexa Wallet, BitHyve's initial product. In March 2022, the company secured $1 million in a pre-seed funding round with participation from investors like Fulgur Ventures, Plan B Ventures, and BnkToTheFuture.

The company's product suite is designed to cater to different stages of a user's Bitcoin journey. The initial offering, Hexa Wallet, evolved into products like Bitcoin Tribe and Bitcoin Keeper. Bitcoin Tribe is positioned as a simple, singlesig, bitcoin-only wallet for everyday transactions and aims to improve accessibility for the general public while maintaining self-sovereignty. More recently, Bitcoin Tribe has been updated to support RGB assets, allowing users to issue and manage digital assets on the Bitcoin blockchain. Bitcoin Keeper is targeted at more experienced holders, providing a comprehensive solution for long-term storage. It supports creating both single-key hot wallets and more complex multi-signature (multisig) offline vaults. This allows users to enhance security by requiring multiple keys to authorize a transaction, a setup known as M-of-N configuration. The app supports popular hardware wallets and includes features for key management, health checks, and replacing lost keys.

The business model appears to be centered around premium, subscription-based features within its applications. For instance, Bitcoin Keeper offers advanced tools, such as inheritance planning, which are unlocked through a "Diamond Hands" subscription tier. The company's products are open-source and emphasize user control, privacy, and security, offering features like Tor support and detailed transaction control (coin control). BitHyve also engages with the community through educational initiatives, such as collaborations with Bitcoin4India and Summer of Bitcoin, to foster a better understanding of the technology. The company operates with a distributed team, having a presence in the UK, Pune, Hyderabad, and Singapore.

Keywords: Bitcoin wallet, self-custody, multisig wallet, non-custodial, Anant Tapadia, BitHyve, Bitcoin Keeper, Bitcoin Tribe, cryptocurrency wallet, hardware wallet support, open source wallet, RGB assets, Bitcoin inheritance, secure Bitcoin storage, coin control, UTXO management, fintech, blockchain software, multi-signature security, digital asset management, peer-to-peer messaging, decentralized finance