Shared Wallets
Have you ever shared money with a group of people and worried about who controls it? Squads solves that problem. It's a shared wallet where multiple people have to agree before any money moves.
What Is a Shared Wallet?
Imagine a safe that needs two out of three keys to open. No single person can take the money and run — you need your teammates to agree. That's exactly how a shared wallet (sometimes called a "multisig") works on Solana.
It's like a joint bank account, but way better. There's no bank in the middle, everything is transparent, and the rules are enforced automatically — not by a person who might make mistakes or play favorites.
How Squads Works
Setting up a Squad is straightforward:
- Create your Squad — Give it a name and decide how it will work.
- Add members — Invite the people who should have a say in how the money is spent.
- Set the approval threshold — Decide how many people need to say "yes" before a transaction goes through. For example, 2 out of 3, or 3 out of 5.
- Use it! — Anyone in the Squad can propose a transaction. Once enough members approve, the money moves.
Who Uses Squads?
Businesses use Squads to manage their treasury. The CEO can't just drain the company wallet — the CFO and board have to approve too.
Groups that raise money together use Squads to make sure funds are spent fairly. Everyone can see where the money goes.
Family savings, shared expenses, or inheritance planning — Squads makes it easy to manage money together with full transparency.
Donors can see exactly how funds are used. No more wondering if your donation actually went where it was supposed to.
Why This Matters
The Core Idea
In the traditional world, this kind of protection requires lawyers, bank officers, and piles of paperwork. On Solana with Squads, you set it up in minutes and it works automatically, 24/7, for free.
Try Squads
Whether you're managing a team treasury or just want safer storage for your own funds, Squads makes it easy.