Decentralized Custody Service for Crypto

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Decentralized Custody Service for Crypto

Inspired by a conversation on:

Raoul Pal: The Journey Man

Raoul Pal: The Journey Man

Raoul Pal x Micky Malka: Fintech Is Dead—Everything Gets Tokenized

Host: Raoul Pal

Timestamp: 00:00:22 - 00:01:15

Listen to Episode • View Podcast • All Ideas from Raoul Pal: The Journey Man

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Feather Flow

Direct Quote

"They've just lowered rates on their Bitcoin and ETH-backed loans even more to 8.91%."

Market Gap

Individuals face challenges securely storing their cryptocurrencies.

As cryptocurrencies gain popularity, the need for secure storage solutions becomes critical. Many individuals struggle with the risks associated with centralized exchanges or custodial wallets, where a single point of failure could lead to significant losses. Current solutions often lack transparency and user control, leading to concerns about asset safety. Without a reliable way to hold cryptocurrencies securely, users may hesitate to fully engage with the crypto ecosystem, stalling adoption and innovation in the space.

Summary

A decentralized custody service could address the security concerns of cryptocurrency holders by leveraging multi-party computation (MPC) technology. This service would enable users to hold their assets in a manner that reduces the risk of a single point of failure while maintaining transparency and user control. By offering services like Bitcoin and ETH-backed loans at competitive rates, the platform could attract a wide range of users looking for secure and efficient ways to manage their digital assets. The service could be integrated into existing wallets or offered as a standalone product, targeting both individual users and institutional clients.

Categorization

Business Model
Service
Target Founder
Technical
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
> $10,000

Potential MRR (18-24 months)

Conservative
$10,000 - $20,000 MRR
Moderate (Most Likely)
$50,000 - $100,000 MRR
Optimistic
$200,000 - $500,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
9/10
Evidence
8/10
Overall
7.6/10
Found on October 2, 2025 • Analyzed on October 2, 2025 12:41 PM

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How should I validate this service idea before building it?

2:34 PM

Great question! For a service idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

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2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 6-12 months, here's my recommendation:

Technical Strategy:

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  • Consider your technical background and available > $10,000
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