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Cold Crypt Executive
Briefing

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Cold Crypt · Confidential investor briefing · September 2026
COLD CRYPT

Trade connected. Go Cold™.

The Crypto Trading Device That Goes Cold. Vault™ is a U.S.-designed, five-inch handheld built for crypto trading directly on the device—no companion app. It is designed to switch into fully offline cold storage, with voice controls, AI threat protection, and recovery after total loss of device and key.

Part 1 is the investment case. Part 2 contains the model and detailed diligence.

The Vault experience
TRADETrading interface runs on the physical touchscreen MVP; live transactions still need validation.
SPEAKPlanned voice controls for portfolio checks and crypto sends.
GUARDPlanned AI threat checks before a transaction is signed.
GO COLDDesigned to switch from connected activity to fully offline, air-gapped storage; security integration is in development.
RECOVEROriginal wallet restored on a replacement Vault after loss of device and key in an internal demonstration; independent validation pending.

Prelaunch working hardware and wallet UI. Voice, AI, live trading, and cold-mode security are not yet production-validated.

Investor briefing · Part 1 of 201 / 10
01 · The opportunity

Trading is easy. Going cold, and recovering after total loss, SHOULD BE TOO

Billions of dollars in cryptocurrency are lost to hacks, theft, and scams every year.

01 · CUSTODY

Easy trading can mean giving up control

Exchanges make activity simple, but the customer relies on a platform for access to assets.

02 · FRICTION

Cold storage interrupts the flow

Many hardware wallets rely on a companion phone or computer for trading. Moving assets between active use and offline protection adds steps.

03 · LOSS

A lost device and backup can end access

Recovery depends on retained backup material or prior enrollment in a recovery service. Total loss remains a serious customer fear.

$3.4B+Crypto stolen worldwide in 2025, across the broader ecosystem
74% / 13%U.K. crypto-owner survey: stored at an exchange / used cold storage

These figures show the scale of security exposure and storage behavior; they are not Cold Crypt demand estimates.

Sources: Chainalysis 2025 theft analysis · FBI 2025 internet-crime report · U.K. FCA crypto-owner survey. The survey describes U.K. respondents; neither figure measures demand for Vault.

The customer problem02 / 10
02 · The product today

Hardware and wallet software are running on the MVP.

Cold Crypt’s private engineering page shows the physical device, a live demo, and wallet screens running on its touchscreen.

The next build phase focuses on the core security functions that turn this working interface into a validated self-custody product.

Current MVPStatus on engineering page
Hardware, Linux environment, five-inch touchscreenOperational; screen size reported by management
Wallet UI, portfolio, send/receive/buy/swap screens, PIN interfaceOperational interface; live trades unverified
Voice portfolio checks and voice-driven sendsPlanned
AI threat protection, secure-element integration, air-gapped signingIn development
Recovery after loss of device and keyDemonstrated separately; independent validation pending

Source: Cold Crypt confidential MVP status page, accessed September 2026. UI flows do not establish that live transactions, security controls, or recovery services are production ready.

Operational today vs. planned03 / 10
03 · Why now

Digital assets are entering regulated finance. Personal custody needs a better experience.

U.S. policy and institutional products are bringing more value on-chain. That makes secure, usable self-custody a timely product question.

01 · U.S. FRAMEWORK

Stablecoin rules

The GENIUS Act became law in 2025 and established a federal framework for payment stablecoins. Implementation is underway.

02 · BANK ADOPTION

Digital deposit rails

J.P. Morgan offers an institutional deposit token on a public blockchain; Citi operates tokenized-deposit services.

03 · CAPITAL MARKETS

Tokenized securities pilots

The SEC permits conditional, limited trading of certain tokenized U.S. stocks. Broader adoption remains unproven.

Sources: GENIUS Act · J.P. Morgan · Citi · SEC. The CLARITY Act remains pending. These developments support timing, not verified demand for Vault.

The market inflection04 / 10
04 · Market and first customer

A growing global category. A focused U.S. launch.

$720MGlobal hardware-wallet market estimate · 2026
$2.25BGlobal hardware-wallet market forecast · 2031
9%U.S. adults who bought or held crypto as an investment · 2025
165KCold Crypt U.S. device sales target · 2031 model

First buyer hypothesis

Active U.S. crypto traders, including meme-coin traders, who want one portable device for connected activity and offline protection. Existing cold-wallet owners and high-balance holders are adjacent buyers.

What launch must prove

Which segment will pay $399 or $599, how often it trades, and what it costs to acquire through creator, affiliate, and direct channels. The U.S. serviceable hardware-wallet market has not yet been independently measured.

Sources: Mordor Intelligence hardware-wallet market forecast; Federal Reserve 2025 U.S. adult survey. The global figures are research estimates; the 165K-unit figure is Cold Crypt’s management forecast. Crypto holders are a broad potential audience, not a count of likely device buyers.

Market size and U.S. beachhead05 / 10
05 · Competitive position

One device. Two modes: trade, then go cold.

Among these products, Vault alone is designed as a standalone handheld crypto trading device that switches to offline cold storage. Competitors use companion apps for trading; Vault’s live trading and cold-mode security remain to be validated.

Swipe sideways to compare all five devices →

CapabilityCold CryptVault · prelaunchLedgerFlexTrezorSafe 7ELLIPALTitan 2.0TangemCard
Trade connected, then go fully coldOne device; no companion app✓Planned×Connected signer×Connected signer×Always cold×NFC card
Portable tradingTrading interface on the device✓MVP interface×Phone app×Phone app×Phone app + QR×Phone app + NFC
5-inch touchscreenOn the hardware device✓5 in · MVP×2.84 in×2.5 in×4 in×No screen
Recover after losing device and all personal backups✓Internal demo✓If enrolled×Backup needed×Seed needed×Card or seed
Air-gapped signing✓In development×Bluetooth / USB×Bluetooth / USB✓QR signing×NFC signing
Threat checks before signing✓AI planned✓Transaction Check✓Blockaid?Not documented✓Blockaid
Secure element✓Integration underway✓Built in✓Two built in✓Built in✓Built in
Cold Crypt · internal recovery test
Lost device. Lost key. Original wallet restored.On a replacement Vault, after eye, voice, and PIN checks, using key fragments held in separate parts of Cold Crypt's system.
Independent validation pending

✓ Capability present or planned at the status shown · × Not available under the row’s definition · ? Not documented. Vault’s live trades and cold-mode security are not yet validated. The 5-inch size is management-reported. Recovery was demonstrated internally; independent validation is pending.

Product and security sources: Ledger · Ledger Recover · Trezor · Trezor threat checks · ELLIPAL · Tangem · Tangem threat checks.

Feature status as documented September 202606 / 10
06 · Commercial model

Hardware provides the first sale. Protection is a planned recurring layer.

$399

Standard Vault

Planned MSRP in the September 2026 model.

Cold Crypt Vault product render showing the handheld touchscreen wallet and rear casing
$599

FOUNDERS VIP Vault

Planned MSRP in the same model.

Founders VIP Vault product render showing the titanium edition handheld wallet and rear casing
$10 / mo

Protection plan

Modeled subscription; activation, retention, and service cost are assumptions.

Cold Crypt Protection artwork with an icy shield and Cold Crypt logo
90 / 10Standard / VIP unit mix in model
14.4KModeled units in partial 2027 launch year
60.5%Modeled 2027 gross margin
CostsDocumented device costs confirmed by founder

These are management forecasts, not actual sales or proven margins. Founders report documented device costs; full unit economics belong in diligence.

Revenue and unit economics assumptions07 / 10
07 · The next six months

Move from operating prototype to an investor-ready product case.

01Integrate the secure element and demonstrate controlled offline signing.
02Complete engineering tests, EMC pre-compliance, and independent security assessment.
03Validate production cost, reliability, and the path to a commercial enclosure.
04Test buyers, price, and acquisition channels before making launch-volume commitments.

Management targets presales in June 2027 and commercial launch in September 2027. The milestones above are intended to earn those dates.

Milestones that matter08 / 10
08 · Funding plan

$170K Founding Circle round.

$170K

Current Founding Circle raise

Funds product completion, engineering validation, independent security assessment, EMC pre-compliance, prototype refinement, and operating support.

$12M–$15M

Planned Series A

Intended for certifications, product development and security (12%), manufacturing and initial inventory (20%), team expansion (18%), marketing and launch (5%), platform and operations (6%), and reserve/scaling (39%) after validation — taking Cold Crypt from final engineering through commercial launch and cash-flow break-even.

Detailed allocations, operating assumptions, and forward forecasts are presented in Part 2.

Current raise and next-stage vision09 / 10
09 · Leadership

Named product and executive leadership.

David DiStefanoFounder & CEO
Keenan BenningChief Technology Officer
Melissa SantosChief Financial Officer
Gautam PeriChief Product Officer

The data room lists the wider leadership team and responsibilities.

Part 2 · Investor data room

Interested in the underlying model and product evidence?

The data room opens with MVP evidence, followed by the financial model, funding plan, cap table, leadership, and technical roadmap.

Forecasts are management assumptions. Investment terms are subject to definitive documents.

Cold Crypt · Confidential investor briefing10 / 10