Learn how Tholos empowered Third Earth Capital to increase their digital asset security and significantly reduce custody costs through transparent feature-based pricing.
“Tholos has provided us with a streamlined platform to manage operations and deploy capital from; all while encasing our assets with multiple-layers of security and unlocking limitless functionality.”
– Will P, Managing Partner at Third Earth Capital
About
Third Earth Capital is a technology investment firm, partnering with founders to back the next major players of the crypto economy.
As a new but growing firm, Third Earth needed a robust and secure solution to manage their diverse digital asset portfolio efficiently. Mainstream custody solutions were proving to be costly and inefficient, prompting Third Earth Capital to seek a more effective alternative.
Tholos is an MPC (Multi-Party Computation) based platform designed for organizations to safeguard digital assets with enterprise-grade security and seamless treasury management. By eliminating the single point of failure inherent in standard wallets and offering more streamlined operations than multisig wallets, Tholos provides increased security, ease of use, and functionality, making it an ideal solution for crypto venture funds like Third Earth Capital.
The Challenge
Reducing custody costs without compromising on security
As Third Earth Capital commenced its operations, the enormous cost of going with one of the big custody names was clear. They needed a solution that could offer top-tier security for their digital assets while also being cost-effective.
The primary challenges were:
- High costs associated with traditional custody solutions.
- Complexity in managing multiple digital assets across different blockchains.
- Easily interacting with the newest dApps.
After evaluating various solutions, Third Earth Capital found that most custody providers were either too expensive or did not meet their security requirements.
The Solution
Tholos' transparent feature-based pricing and MPC technology
Tholos offered Third Earth Capital a comprehensive solution that addressed all their challenges. William Paterson, Managing Partner at Third Earth Capital, needed to ensure two things:
- Tholos could provide the high level of security required for their assets.
- Tholos' pricing model would scale as their fund grew.
After a thorough evaluation and trial period, Tholos proved to exceed expectations on both fronts. Its innovative MPC-based technology ensured that Third Earth Capital's assets were secure without the need for expensive custody services. The feature-based pricing model meant that Third Earth Capital only paid for the features they needed, drastically reducing their overall costs.
The Results
Substantial cost savings and operational efficiency
With Tholos, Third Earth Capital achieved remarkable results:
- 95% savings on custody costs: By onboarding with Tholos, Third Earth Capital reduced their monthly custody expenses by a massive factor.
- Enhanced security and ease of use: The multi-layer MPC technology ingrained into Tholos provided superior security and made asset management more straightforward and efficient.
- Reallocation of resources: The significant cost savings allowed Third Earth Capital to redirect funds towards core investment activities, enhancing their operational efficiency.
“We were looking for a solution that was intuitive, secure, and affordable. Tholos was the clear winner in all categories,” says Will. “The transparent pricing model has made it easier for us to scale our operations without worrying about escalating custody costs.”
Looking Ahead
With Tholos, Third Earth Capital is well-positioned to continue growing its investment portfolio securely and cost-effectively. As they explore new blockchain opportunities, Tholos' scalable and flexible solution will be a key enabler of their success.
Tholos remains committed to supporting Third Earth Capital with innovative features and unmatched support, ensuring they stay ahead in the competitive landscape of crypto venture capital.
"We're excited to develop a long term partnership with Tholos and continue to make investments from our Tholos vault, interact with DeFi, and use Tholos as our homebase for on-chain operations.”
– Will P, Managing Partner at Third Earth Capital