Threshold Network blog · Jul 2026
Threshold argues that BTCFi reset conditions now favor custody model and continued institutional adoption of tBTC.
Network for decentralized threshold cryptography and end-to-end…
Company research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
Threshold Network is the merged successor to NuCypher/Keep, focused on decentralized Bitcoin infrastructure. Its main product is tBTC, a permissionless 1:1 Bitcoin bridge and liquidity rail for DeFi and institutional Bitcoin deployment, plus Verifiable Bitcoin Accounts for custody-preserving onchain use.
Primary product
tBTC (decentralized 1:1 Bitcoin bridge) and Verifiable Bitcoin Accounts
Founded
2015
Headquarters
New York, United States
Team size
10-20 employees
Work style
Remote
Industry
Software Development
Sub-industry
Blockchain infrastructure / decentralized Bitcoin finance
Offices
New York, United States
Distributed remote across the United States, United Kingdom, Australia, Spain, and the Philippines
Business model
protocol fees
institutional integrations
developer platform / SDK
governance token economy
Funding
Stage
Series B
Total raised
$26.7M
Latest round
Initial Coin Offering / SAFT Series 2 · Oct 2019
Latest amount
$10.7M
Initial Coin Offering / SAFT Series 2
Oct 2019 · Polychain Capital
Apr 2018 · Polychain Capital
Token pre-sale / venture round
Dec 2017 · Polychain Capital
Aug 2016 · Y Combinator
People & investors
Leadership
Co-founder & CEO
Callan Sarre
Co-founder & CPO
Head of Operations
Head of Ecosystem
Head of BD
Head of Marketing
Founders
Co-founder & CTO
Work & culture
Public job posts and company pages describe a fully remote, distributed team with an async culture, open community participation, and a strong emphasis on decentralized, permissionless Bitcoin infrastructure.
Work style
Remote
Compensation
Public compensation signals are limited but include a remote Growth Lead role listed at $130k-$160k and DAO contractor work at $85/hour paid in T tokens. No broad public salary band or visa policy was found.
Benefits
async work
distributed team
company retreats
medical insurance
dental insurance
vision insurance
unlimited vacation
pay in crypto
Product & market
Pricing
Action-based bridge fees: 20 bps mint fee and 20 bps redemption fee, with staking-based rebates / waivers for eligible T stakers.
Differentiators
- —decentralized, non-custodial signer network
- —permissionless redemption back to native BTC
- —threshold-cryptography security model
- —custody-preserving institutional deployment via VBA
- —onchain, verifiable UTXO / Bitcoin Script enforcement
- —battle-tested multi-year mainnet history
- —broad DeFi and multi-chain integrations
Technology
Python
Solidity
TypeScript
React
React Native
Docker
Git
CI/CD
Ethereum
Bitcoin
Customers
Abra
Aave
Curve
YieldBasis
Ceramic
Irys
Textile
Unlock
DZap
Boltz
institutions
custodians
asset managers
Competitors
WBTC
SolvBTC
FBTC
dlcBTC
Lombard
Babylon Protocol
Scale & contact
Estimated revenue
about $8.5M annual revenue
Latest news
Threshold Network blog · Jul 2026
Highlights Abra's migration from WBTC to tBTC, Q1 2026 growth in tBTC usage, and rising institutional Bitcoin activity.
Threshold Network blog · Jun 2026
Details Abra's move to tBTC as collateral for lending, citing stronger guarantees, lower cost, and faster redemptions.
Threshold Network blog · Apr 2026
Announces VBA, an institutional Bitcoin deployment framework built on Threshold's signer infrastructure with segregated custody and Bitcoin Script enforcement.
Threshold Network blog · Apr 2026
Threshold DAO restored the 20-basis-point mint fee and explained the governance rationale and rebate logic.
Jobs and careers at NuCypher (aka Threshold Network)
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