Splits

Splits is an onchain financial operations platform that combines shared multi-signature wallets with banking-style workflows. Users create accounts (organized as teams with members) that are self-custodied and cryptographically restricted to authorized people, agents and institutions, with no custodian, KYC or company formation required to start. Each account has its own signers and threshold so exposure from a leaked key is limited to that account's balance, while a single interface consolidates balances, transactions and accounting across all accounts. Accounts keep one address across supported networks with signers and threshold synced automatically, and swaps and bridging can be executed in a single transaction. Recovery signers restore control if passkeys are lost.

The product covers revenue processing (separate accounts per revenue stream with automated swaps of volatile assets into stablecoins on receipt), treasury management (automatic account top-ups, yield on idle cash, portfolio visibility), payments (payroll, recurring payments, bank transfers, and sends in fiat, stablecoins or crypto), fiat on/off-ramps and invoices payable by bank transfer, vendor and bill pay, tax withholding, and compliance workflows including W9/W8 collection and 1099 issuance. Accounting features include memos, filters, account statements, exports, read-only accountant access, per-token balance history, and cost-basis and holding-period tracking per token lot. Accounts can be connected to other applications via a browser extension or WalletConnect.

Underlying the app is the Splits protocol, a set of composable smart contracts described as reusable payment primitives: Split (distributes incoming funds to recipients by fixed ownership shares), Waterfall (priority-based payouts filling earlier tranches first) and Swapper (automatically swaps incoming tokens into a designated output token). These can be used individually or combined, integrated via SDKs and APIs, or managed through a dedicated protocol explorer UI that supports contract creation, management and balance withdrawal and distribution.

Business model

Splits offers a software platform (app plus open-source protocol contracts) for onchain treasury and payment operations, with a published pricing page, a paid/enterprise-style motion including demo bookings, and design-partner arrangements for early features.

Traction

The company states more than $400 million in payment volume secured for businesses using the platform. The onchain banking product entered public beta in September 2025 under the name "Teams" and was rebranded to Splits in May 2026 after onboarding design partners; the team reports strong resonance with onchain startups and solo builders. A frequent changelog cadence documents ongoing releases through August 2026, including new network support, private transfers, agent signing and accounting features.

Latest developments

Recent releases include cost-basis and holding-period tracking per token lot in Accounting (Accounting v2 in private release with design partners), network and token restrictions for saved contacts, expanded full and partial network support, private transfers for ETH, WETH, USDC and USDT in limited release, a signing-keys settings view, support for HyperEVM and Robinhood Chain, Rain card balance tracking, accounting filters by token and network, new app URLs (app.splits.org and explorer.splits.org), full Polygon, BSC and Tempo support with backfilled history, off-ramps directly from the Send action, agents as account signers, custom JSON transaction metadata, batch transactions, and the May 2026 rename of the "Teams" product to Splits.