Rakshak
Institutional wallet security, without complexity.
Created on 14th March 2026
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Rakshak
Institutional wallet security, without complexity.
The problem Rakshak solves
Crypto wallets are highly secure, but they are also unforgiving. If a private key is lost, access to the funds can be permanently lost. This creates a serious operational risk for organizations such as DAOs, NGOs, and Web3 startups that manage treasury funds.
While solutions like BitGo provide strong security through multisig wallets and secure signing, operational recovery is still difficult for non-technical teams. If a key holder becomes unavailable, treasury operations can stop even though the funds remain technically secure.
Rakshak makes crypto treasury management safer and easier by adding a structured recovery workflow on top of institutional wallets.
With Rakshak, teams can:
- Configure trusted guardians who can approve recovery actions
- Initiate a recovery request if key access is lost
- Use team-based approvals to securely authorize recovery
- Restore access by transferring funds to a new safe address
Instead of relying on complex technical procedures, teams get a simple dashboard and approval flow that ensures treasury continuity.
Rakshak ensures that losing a key does not mean losing access to funds, making crypto treasury operations safer, recoverable, and easier for institutional teams to manage.
Challenges we ran into
A key hurdle was during BitGo integration itself, not just UI work.
We had to decide which BitGo wallet flow best matched our recovery model, and initially that was confusing: wallet type selection, key-handling approach, and how to make recovery work reliably for non-technical teams. We also had to align wallet creation, receiver setup, guardian approvals, and recovery execution into one consistent operational flow.
How we solved it:
- standardized on a single wallet flow for the demo (Arbitrum testnet with BitGo-backed multisig)
- built a clear step-based orchestrator flow in our app
- added strict ownership mapping and approval checks so only the correct signed-in user can operate a wallet
- moved critical mappings from local files to DB-backed storage for consistency and safer multi-user behavior
This turned a complex SDK-first integration into a predictable product workflow that PM/ops teams can actually use.
Tracks Applied (3)
DeFi
Pool prize
Ethereum Name Service
Best DeFi Application using BitGo
BitGo
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