TreasOS

Non-custodial operating system for corporate Bitcoin treasuries.

Trebuoj Zepol · United States beachhead · Pre-seed · July 2026

Raise $650–900k SAFE · 15–20% discount
Target post $5.5–7.0M
Base: $750k @ $6.0M post

Problem

US corporates and family offices holding BTC need board-grade controls—not chat, spreadsheets, or exchange custody.
Post–ASU 2023-08 and rising digital-asset scrutiny: auditors want evidence packs, segregation of duties, and clear non-custody boundaries.
Incumbents skew custodial (MSB / BitLicense risk) or DeFi/vault-first—not CFO-grade treasury orchestration software.

Solution

Watch-only treasury OS: policies, maker-checker, RBAC, audit trail, proof of reserves.
Client holds keys; signs PSBTs offline; TreasOS never custodians or co-signs.
Self-host or client cloud; US pack us_institutional (USD display, GAAP evidence exports).

Product

Governance

Policy engine & spend limits
Maker-checker approvals
Org roles / invite flow

Bitcoin ops

Watch-only wallets (xpub / descriptors)
PSBT create → air-gap sign → broadcast
UTXO view, fees, change tracking

Assurance

Audit log & evidence exports
BIP-322 proof of reserves
License + MFA institutional gates

Market & beachhead

Primary: US family offices & corporate treasuries with multi-approver BTC holdings.
Secondary: Controllers needing chain evidence for US GAAP close (client/auditor owns accounting).
Channel: Bitcoin treasury advisors, audit firms, US fintech counsel (warm intros).
Posture: Aligns with a non-issuer / non-custody software model under evolving US digital-asset rules—we do not claim “GENIUS-” or “CLARITY-compliant.”

Business model

Paid technical pilot → enterprise license / subscription (USD).
Indicative: pilot mid–five figures; enterprise mid–four figures / month.
Preferred deploy: client self-host or their cloud—no vendor custody.
No freemium on customer infra; no yield / APY in product.

Traction

Stage	Status
Education demo (regtest)	Live
Institutional pilot stack (testnet)	Live — policies, PSBT, MFA, audit
Mainnet end-to-end smoke (founder-operated)	Completed — outbound path on Bitcoin mainnet
US regional USB pack (`us_institutional`)	Built — offline installer for client delivery
Paying US design partner / LOI	Next — raise unlocks counsel + delivery capacity

Use of funds (base $750k)

28%	Product & security — production hardening, external pentest, DR drills
22%	US legal — counsel (FinCEN/MSB posture, marketing claims, NY filter), entity/contract path, MSA/DPA
32%	Go-to-market — 2–3 US design partners, delivery, advisor/audit intros
18%	Runway — founder + ops 14–18 months

The ask

$650–900k on SAFE (target post-money $5.5–7.0M). Also seeking warm intros to US CFOs / Bitcoin treasury operators, audit partners, and counsel familiar with non-custodial software licensing.

Equity (base): $750k @ $6.0M post → ~12.5% investors · ~87.5% founder (before typical option pool).