Cashmere: Enterprise Multi-Signature Wallet for Solana Teams

Cashmere is Solana's leading multi-signature wallet platform focused on secure treasury management for teams and organizations. The platform combines enterprise-grade security features with an intuitive user experience, allowing teams to manage shared funds through customizable approval workflows. Beyond basic multi-sig functionality, Cashmere integrates with major DeFi protocols to enable direct yield earning, and offers comprehensive treasury management tools including NFT support, token vesting, and planned payroll features. Built on Goki Protocol and backed by Y Combinator, Cashmere aims to become the complete solution for team treasury management in the Solana ecosystem.

What Makes Cashmere Different?

Cashmere stands out in the Solana ecosystem by addressing the critical need for secure and efficient team treasury management. While individual wallets like Phantom excel at personal use cases, organizations require more sophisticated solutions that balance security with usability. Cashmere achieves this through its "Phantom-like experience for managing treasuries with shared ownership."

The platform's integration with Goki Protocol, currently the largest multi-sig protocol by Total Value Locked (TVL) on Solana, provides a battle-tested foundation for secure treasury management. This partnership demonstrates Cashmere's commitment to security while maintaining their focus on building an exceptional user interface and experience layer.

Another key differentiator is Cashmere's comprehensive approach to treasury management. Rather than simply providing basic multi-signature functionality, the platform integrates with various DeFi protocols to enable teams to earn yield directly from their secure multi-sig wallets. This creates a one-stop solution for organizations looking to actively manage their treasury assets while maintaining strict security controls.

How to Use Cashmere

Creating a Multi-Signature Wallet

Setting up a multi-signature wallet with Cashmere begins with connecting an existing Solana wallet and clicking "Create Wallet." Users then specify the wallet name, add owner addresses, and set the number of required signers for transaction approval. This threshold setting is crucial for security and can be adjusted later through the Settings tab.

A minimum of 0.12 SOL is required to cover the creation fee. Once deployed, the multi-sig wallet provides a comprehensive dashboard showing digital assets, approved transactions, and pending approvals. Teams can access their existing vaults simply by connecting their Solana wallets.

Managing Transactions and Approvals

Transaction management in Cashmere follows a clear workflow designed for team coordination. To initiate a transaction, users select "Send tokens" and specify the token, quantity, receiver address, and an optional memo. After the initial approval, the transaction requires additional signatures based on the wallet's threshold settings.

The platform provides real-time visibility into transaction status through the Transactions tab, where team members can view, approve, or execute pending transactions. This transparent process ensures proper oversight while maintaining operational efficiency.

Earning Opportunities with Cashmere

DeFi Integration for Treasury Yield

Cashmere has partnered with leading DeFi protocols to enable direct yield earning from multi-sig wallets. Through integration with Castle Finance, teams can earn sustainable yields on their treasury assets while maintaining multi-signature security. This feature is particularly valuable for DAOs and startups looking to generate returns on idle treasury funds.

Users can manage their yield-earning positions directly through the Cashmere interface, with features for depositing, withdrawing, and monitoring returns. The platform currently supports yield opportunities for USDC and SOL, with plans to expand to additional assets.

NFT Management and Opportunities

The platform supports comprehensive NFT management features, allowing teams to securely handle digital collectibles and NFT-based assets. This functionality is especially relevant for NFT projects and DAOs managing shared collections or conducting airdrops.

Cashmere Features

Security Framework

Cashmere implements multiple layers of security to protect team assets:

The multi-signature architecture requires multiple approvals for any transaction, preventing single points of failure. Integration with hardware wallets adds an additional layer of security for critical operations. The platform supports two-factor authentication and provides detailed transaction logging for accountability.

Treasury Management Tools

Beyond basic multi-sig functionality, Cashmere offers comprehensive treasury management features:

Support for all SPL tokens and SOL native assets enables teams to manage their entire portfolio in one place. The platform includes detailed transaction history and portfolio analytics for effective treasury oversight. Integration with Solana Name Service allows for simplified transfers using .sol domains.

Team Management and Permissions

Cashmere provides flexible tools for managing team access and permissions:

Administrators can add or remove wallet owners through a secure process requiring appropriate approvals. The platform supports role-based access control, allowing teams to define different permission levels for various team members. Custom approval thresholds can be set for different transaction types or amounts.

The Team Behind Cashmere

Cashmere was founded by a team with impressive technical backgrounds and experience at major technology companies. Co-founder Shashank worked at Amazon, contributing to Alexa's purchasing functionality. Charlotte brings experience from Tesla, where she worked on data pipelining and vehicle applications. Rebecca's background includes full-stack development at Affirm and Retool.

The team's acceptance into Y Combinator's W22 batch demonstrates strong institutional validation of their vision and execution capability. Their focus on product experience and security has been shaped by their previous roles at major technology companies.

Cashmere Roadmap

Current Development Focus

The team is actively working on several key features to enhance the platform's functionality:

NFT support expansion will enable comprehensive management of digital collectibles and NFT-based assets. Cross-chain compatibility through Wormhole integration will allow teams to manage assets across multiple blockchains. Native integration with Wallet Adapter will improve connectivity with the broader Solana ecosystem.

Future Features

The roadmap includes several ambitious additions to the platform:

Token vesting capabilities will help teams manage token distributions and lockups. Built-in payroll functionality will streamline team compensation processes. DeFi integrations will expand yield-earning opportunities for treasury assets.

Security and Audits

Technical Architecture

Cashmere builds on Goki Protocol's battle-tested multi-signature infrastructure while adding their own security layers and user interface improvements. The platform uses Program Derived Addresses (PDAs) for secure smart contract interactions and asset management.

Security Measures

Multiple security features protect user assets:

Hardware wallet integration supports secure key management for critical operations. Two-factor authentication adds an additional verification layer for sensitive actions. Regular security audits and code reviews maintain platform integrity.

User Adoption and Traction

Cashmere has gained significant traction among Solana projects and DAOs. Notable projects using the platform include:

High-profile NFT projects managing shared treasuries and royalty distributions. DeFi protocols securing their admin keys and treasury management. Web3 startups handling team funds and investor distributions.

According to Cashmere's documentation, the platform has secured millions in total value locked (TVL) while maintaining perfect security with no incidents or breaches since launch.