Bitpowr

Bitpowr is a wallet and custody platform for businesses. A firm plugs into the Bitpowr API and gets crypto wallets, signing, approval rules and risk checks. It does not have to build any of that itself. The buyers are exchanges, payment apps, OTC desks and fintechs. It is not a wallet for the public.

Keys are kept safe with multi-party computation, or MPC. This splits a private key into pieces, so no one machine ever holds the whole key. The Bitpowr homepage says it covers 15 blockchains and more than 2,000 assets. Solana is one of them. Bitpowr launched in 2021 and first served crypto firms in Africa.

How Bitpowr's MPC wallet infrastructure works

Bitpowr gives your business one account, called a vault. The vault holds many assets and many deposit addresses. Your app talks to it through a REST API. Your ops team can use a web dashboard. Bitpowr stores the keys and signs for you behind the scenes.

The account docs set out two modes. In a custodial wallet, Bitpowr looks after the keys. In a self-custodial wallet, you keep access to your keys, and Bitpowr helps rebuild them only when you sign. In both modes the docs say keys are "sharded, encrypted and stored across different operating platforms". The homepage adds that key data sits in cloud hardware security modules, which are locked-down devices made to hold keys.

The layout runs account, then asset, then address. Say you run a payments app with 5,000 users. You would create one vault and add USDC on Solana as an asset. Then you would make a deposit address for each user. Funds land on those addresses, and you can sweep them into one main wallet on a timer.

There is a third type, the smart contract wallet. It runs on Tron and on EVM chains such as Ethereum. It does not apply to Solana.

Policy engine, tokenization and compliance: what the API covers

Beyond wallets, Bitpowr sells four tools on the same API: a policy engine, a compliance engine, a tokenization engine and a gas station. The docs pitch the set as "AWS for digital assets". You rent the parts you need.

The policy engine is where you set the rules. You can make named staff approve each transfer. You can cap how much leaves per day and per month. You can limit sends to a list of approved addresses. You can also set funds to move on their own once a balance passes a set level.

The compliance engine checks each transfer for money-laundering risk before it settles. Bitpowr calls this AML and KYT, short for "know your transaction". You choose how risky an address must be before a transfer is blocked.

The tokenization engine lets you launch your own token, then mint or burn supply from the dashboard. The docs do not say which chains it covers. Check with Bitpowr that Solana is one of them before you plan around it.

The gas station tops up addresses with the coin they need to pay network fees. The docs describe it for EVM chains.

Solana support: SOL, USDC and USDT transfers with a fee payer

On Solana, Bitpowr can send SOL and SPL tokens. SPL is the standard that Solana tokens follow. The docs name USDC and USDT. The list of supported chains showed 16 live networks when we checked in October 2026. Bitcoin, Ethereum, Polygon, Stellar and Celo were among them.

The most useful Solana feature is the fee payer. As a rule, the wallet that sends a token also pays the network fee in SOL. So each user wallet needs a little SOL in it. With a fee payer, one address you control pays the fee, and a second address sends the tokens. Your users can hold only USDC and never touch SOL.

The Solana guide also flags a cost that trips up new teams. When you send a token to an address that has never held it, Solana opens a new token account. That costs a deposit of about 0.002 SOL. Bitpowr adds it to the fee quote. You can also attach a memo, or pay several people in one go.

Bitpowr is listed in the Circle USDC$1.000+0.0% partner directory as well. The listing covers USDC, EURC and Circle's Programmable Wallets.

Who Bitpowr is for, and what it costs

Bitpowr suits a business that holds or moves crypto for its users and does not want to build key storage itself. The best fit is a small or mid-sized exchange, payments app or OTC desk. It helps if you deal mostly in stablecoins and want one hook-up for Solana, EVM chains and Bitcoin. Bitpowr's own site names exchanges, retail payment apps, OTC desks and hedge funds as its users.

It is a weaker fit in three cases:

• You want a wallet for yourself. Bitpowr has no app for the public.
• You build Solana programs and need more than transfers. The Solana docs cover sends, not staking or DeFi.
• Your bank or regulator wants a custodian with an audit on file. Read the risk section first.

Bitpowr does not post its prices. The site has "Request Access" and "Contact Sales" forms, so expect a quote. Ask what you pay per wallet and per transfer. Ask if the risk checks cost extra.

Is Bitpowr safe? Custody model, audits and risks

Whether Bitpowr is safe comes down to how far you trust the company. It has no on-chain program that others can inspect. Its code is closed and runs on its own servers. We found no security audit, SOC 2 report or ISO 27001 badge on the Bitpowr site or docs when we checked in October 2026.

That gap counts for more than any feature. MPC guards against one stolen key piece. It does not guard against a flaw in the code, a rogue insider or a bug in the signing service. Those are what an outside audit tests. Ask Bitpowr for its latest audit reports before you move user funds.

Other points to weigh:

• In custodial mode, Bitpowr holds the key pieces. If its service is down, you cannot sign. Ask how you would get funds out if the company shut down.
• In self-custodial mode, more of the load is yours. The docs say Bitpowr takes part when keys are rebuilt to sign. Ask which pieces you hold and if you can export them.
• The site names no custody licence, no regulator and no insurance cover.
• Your API keys become the weak point. Turn on approval rules and address lists. A leaked key with no rules behind it can move funds.
• Bitpowr is small next to the biggest custody firms. That adds to the risk that it changes course or closes.

We found no public reports of a hack or a loss of user funds at Bitpowr.

Alternatives: Fireblocks, Fordefi and building it yourself

The main alternatives to Bitpowr are other MPC wallet firms that sell to businesses, such as Fireblocks and Fordefi. Google's related searches pair Fordefi with Bitpowr. All three sell the same core idea: split keys, approval rules and an API.

Bitpowr has the narrower story of the three. It began with exchanges and payment firms in Africa. Its docs put stablecoin sends, deposit addresses and sweeps first. If your business looks like that, the product may suit how you work.

Check each firm on your list for four things. Has it posted security audits? Does it cover the exact chains and tokens you need? What does it cost at your volume? Can you reach support in your time zone?

You could also build your own signing stack with a multisig or open-source MPC code. That gives you full control and no vendor risk. The price is engineering time and a security review of your own.

Bitpowr Technologies: founders, funding and history

Bitpowr Technologies was started by Tobiloba Oyetoke and Amarachi Amaechi. Oyetoke is the chief executive. Amaechi runs operations. The firm's FinovateEurope 2025 profile says it was founded in May 2021 and is based in Claymont, Delaware. The same page names 500 Global and FirstImpact VC as backers. Bitpowr has not said how much it raised.

The firm began by serving crypto firms in Africa. It now says it works with clients in Asia and Europe too.

At that 2025 show, Bitpowr gave a demo of a product called Powr Finance. It was pitched as a way for fintechs and small banks to offer stablecoin accounts, payments, wallets and cards. The Bitpowr homepage did not name Powr Finance when we checked in October 2026, so we cannot say it is live.

In March 2026, a guest piece on VentureBeat said Bitpowr had passed $1 billion in volume. The site's own newsroom did not write that piece, and the figure is the firm's own. We found no Bitpowr token on its site or in its docs.