Pera Wallet now supports Shared Accounts, a new feature powered by Algorand’s native multisignature technology. The update lets users create accounts that require multiple approvals before any funds move. It marks the first time Algorand’s protocol-level multisig has been available through a consumer-friendly mobile interface. The update lets users create accounts that require multiple approvals before any funds move. It marks the first time Algorand’s protocol-level multisig has been available through a consumer-friendly mobile interface.
For teams, treasuries, and families managing shared funds, this removes the need for custodians, shared seed phrases, or informal trust arrangements. Instead, Pera enforces structured co-signing rules directly on-chain.
Shared Accounts are LIVE in Pera Wallet 🤝
— pera.algo (@PeraAlgoWallet) April 21, 2026
Shared money needs real shared control 🔐
Shared accounts include:
✔️ A multi-sig experience designed for humans
✔️ No custodians. No workarounds. No shared seed phrases
✔️ Flexible setups (2-of-3, 3-of-5, weighted)
✔️ Sync and Async… pic.twitter.com/3xkus0FH1B
What Are Shared Accounts and How Do They Work?
Shared Accounts in Pera Wallet allow multiple participants to co-manage a single Algorand account with fully configurable approval rules. Each account has a threshold that defines how many signers must approve a transaction before it can execute. A 2-of-3 setup requires any two out of three participants to sign, which works well for a small team or family. A 3-of-5 arrangement adds stronger governance for larger treasuries or community funds. Pera also supports weighted signing, where one participant can hold more authority than others, giving organizations the flexibility to mirror real-world decision-making hierarchies directly on-chain.
The workflow fits how people actually collaborate. Signers can approve transactions synchronously or asynchronously, meaning participants do not need to be online at the same time. Pera includes a dedicated Inbox feature that tracks all pending transactions waiting for signatures, so no approval request gets lost. Once the required number of signatures is collected, the transaction executes automatically. Until then, the funds stay exactly where they are. Importantly, all private keys remain user-controlled and never leave the participant’s device. Pera stores no keys on its servers and introduces no custodial intermediary into the process, delivering institutional-grade multi-party authorization without sacrificing self-sovereignty.
How Algorand’s Native Multisig Differs From Smart Contract Alternatives
Most multisig solutions in crypto rely on smart contracts to enforce co-signing rules. Safe (formerly Gnosis Safe) secures over $100 billion in assets across 30+ EVM networks using this approach, and Squads Protocol fills a similar role on Solana. These tools work, but smart-contract multisig adds gas costs, increases complexity, and introduces a separate codebase that must be audited against vulnerabilities.
Algorand takes a fundamentally different approach. Multisignature accounts operate at the protocol level, built directly into the consensus layer rather than running on top of it. When a transaction originates from a multisig account, the blockchain itself validates that enough authorized signers have approved it before processing. There is no intermediary contract to deploy, no additional execution overhead, and no separate attack surface to defend. Native multisig keeps fees at Algorand’s standard low rates, and multisig addresses are indistinguishable from standard addresses on-chain, meaning no outside observer can tell whether an account requires one signature or five. Once created, a multisig account retains full functionality, holding any Algorand Standard Asset, participating in consensus staking, and interacting with DeFi protocols like any other account.
Who Benefits From Shared Accounts
Pera designed the feature for four primary audiences.
- Businesses can now require co-founder or executive approval for treasury spending. This eliminates the single-key risk that has led to some of crypto’s most costly security incidents. A startup with three co-founders, for example, could require any two to approve outgoing transactions.
- DAOs and community organizations gain account-level governance enforcement. Rather than relying on off-chain voting tools and trust-based execution, groups can encode spending rules directly into their treasury accounts. No single participant can move funds unilaterally.
- Families can structure shared savings without the dangerous practice of sharing seed phrases. Parents and adult children, for instance, could manage a joint crypto account with clear approval requirements.
- Builders and AI systems represent a forward-looking use case. As automated agents increasingly interact with blockchain accounts, Shared Accounts let teams grant automation access while requiring human approval for high-value transactions.
The Broader Multisig Landscape and Algorand’s Position
Multisig adoption has accelerated sharply across the crypto industry as institutions, regulators, and everyday users demand stronger custody controls. Safe dominates the Ethereum ecosystem with over $100 billion in secured assets and has expanded to 30+ networks. Squads Protocol has established itself as the go-to multisig solution on Solana. Institutional adoption of multi-party custody continues to grow across the US, UK, UAE, and Canada as regulatory frameworks increasingly favor shared-control models over single-key setups. The direction is clear. The industry is moving toward multi-party authorization as a baseline security standard, not a premium feature.
Until now, Algorand’s ecosystem lacked a user-friendly multisig wallet comparable to what Safe and Squads offer their respective chains. The protocol-level capability existed, but accessing it required developer tooling and technical knowledge that put it out of reach for most users. Pera’s Shared Accounts close that gap at a critical moment for the ecosystem. As of January 2026, Algorand reported 49.56 million total wallets and over 3.44 billion cumulative transactions. Monthly active accounts surged 62.2% to 896,000 that same month, while smart contract deployments climbed 31.5% to 808,000. The ecosystem is growing fast, and its infrastructure needs to grow with it.
Pera Wallet is well positioned to deliver that infrastructure. It remains Algorand’s most widely adopted wallet, backed by the Algorand Foundation alongside Borderless Capital, Arrington Capital, and DWF Labs since a 2023 investment round. The wallet surpassed one million downloads that year and continues to serve as the primary entry point for new Algorand users. By adding Shared Accounts to an app that already serves as the ecosystem’s default wallet, Pera ensures that multisig is not a niche feature buried in developer documentation. It is a core capability available to every user from day one.
What This Means for Algorand’s Future
Shared Accounts represent more than a feature update. They signal that Algorand’s self-custody infrastructure is maturing to meet the demands of businesses, institutions, and organized communities. The ability to enforce multi-party approval natively, without smart contracts, third-party services, or custodial trade-offs, is a meaningful differentiator in a market where most chains still rely on contract-based workarounds.
For the Algorand ecosystem specifically, this launch lowers the barrier for organizations to adopt on-chain treasury management. Businesses that previously hesitated to hold significant funds in a single-key wallet now have a production-ready alternative. DAOs that struggled with trust-based treasury execution now have protocol-enforced governance. Families and small groups that avoided shared crypto accounts due to security concerns now have a safe, structured option. Each of these audiences represents a growth vector for Algorand adoption, and Shared Accounts give Pera the tools to capture them.
The feature is available now in the latest version of Pera Wallet. Users can download the app at perawallet.app and create their first Shared Account today. For the Algorand community, this is a long-awaited milestone. For the broader crypto industry, it is a clear example of what native protocol design can deliver when paired with thoughtful wallet UX.
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