Dmitry Tokarev, founder of cryptocurrency custodian Copper Technologies Ltd., has launched a new company, Bron Labs, aimed at solving the problem of recovering lost wallets without compromising self-custody.
Key points to remember:
- The Copper founder launched Bron Labs, which helps users recover lost wallets without giving up control of their assets.
- Bron’s guardian-based recovery system allows users to designate two trusted guardians to approve recovery requests.
- The platform has raised $15 million from investors including LocalGlobe, Fasanara Digital and GSR.
London-based Bron Labs offers a self-custodial platform designed to bring institutional-grade security to individual users.
Tokarev told Bloomberg that the company raised about $15 million earlier this year from about 140 backers, including LocalGlobe, Fasanara Digital and GSR.
Bron Labs Solves Seed Phrase Problem with Guardian-Based Wallet Recovery
The platform targets professionals and executives who want the same level of protection as large financial institutions, but at a fraction of the cost.
The system solves the seed phrase loss problem. Most digital wallets rely on a 12 or 24 word recovery phrase that acts as the master key.
If a user loses it, their funds are gone forever. Bron’s alternative introduces a “guardian-based recovery” system.
When users open a wallet, they appoint two trusted guardians who must approve any recovery request.
Once approved, a mandatory 48-hour delay begins before funds can be accessed, providing an extra layer of protection against coercion or theft.
The need for better security has increased as physical attacks against crypto holders have increased.
More than 50 “key attacks,” cases in which criminals use violence or threats to steal cryptocurrencies, have been publicly reported this year, an increase of more than 50% from 2024, according to data compiled by Bitcoin advocate Jameson Lopp.
Tokarev said that while institutional custodians do not face such risks, “crime is on the rise and paranoia is at an unprecedented level” among retail holders.
Tokarev, who stepped down as CEO of Copper in October 2024 but remains its largest shareholder, said Bron’s mission is to “bridge” the gap between the convenience of self-custody and the security of enterprise-grade solutions.
Bron launches publicly this week with subscription plans ranging from $20 per month for individuals to $3,000 for small businesses.
Early investors received a utility token that can replace subscription fees when held in a Bron wallet.
The platform also includes biometric security and programmable transaction limits, allowing users to set restrictions on large or frequent transfers to deter hackers.
As noted, physical attacks targeting Bitcoin and crypto holders are increasing at an alarming rate, according to new data tracked by CASA co-founder Jameson Lopp.
Since the end of February, 35 new violent incidents have been reported worldwide, an increase of 169% in just six and a half months.
This increase adds to an already worrying trend, as cryptocurrency markets continue their upward trend.
A total of 48 attacks have taken place so far in 2025, an increase of 33% from all of 2024. France alone accounts for 14 of the reported incidents this year.
One of the most disturbing cases occurred on September 6 in Cambridge, Canada, where a young man was kidnapped at gunpoint and forced to transfer funds to a cryptocurrency wallet.
The article Copper Founder’s Bron Labs Lets Crypto Users Recover Their Lost Wallets With Guardian Approval appeared first on Cryptonews.
