A common concern among founders: “If I share wallet details with an advisor, am I exposing my keys?” The answer is no — and here is how we document access without ever touching private keys.
What we need versus what we never ask for
We need:
- Wallet addresses (public)
- Number of required signers for transfers
- Names and roles of individuals with signing authority
- Approximate balances (from your records, not on-chain verification)
- Purpose designation for each wallet
We never ask for:
- Private keys or seed phrases
- Direct wallet access
- Transaction signing during the engagement
The access matrix
Every segregation plan includes an access matrix — a table listing each wallet, its reserve category, required signers, and escalation contact. This document is what your board reviews and what your accountant references during reconciliation.
Why this matters for audits
Auditors and accountants increasingly ask about custody arrangements for companies holding digital assets. A written access matrix demonstrates that you have thought about who controls reserves and under what conditions transfers occur. It is documentation, not key management.
Request a wallet review if you are unsure whether your current access documentation is sufficient.