Convert Single Account to Joint Account

Purpose

This feature allows users to upgrade an existing single-owner Zetrix account into a secure multisignature (multisig) account. Instead of being controlled by only one private key, the account is transformed into a jointly managed wallet where multiple authorized signers share responsibility and approval power.

By converting to multisig, the account adopts structured governance rules, weighted approvals, and a signature threshold mechanism. This significantly enhances security, reduces dependency on a single individual, and ensures accountability in financial and operational transactions.

Why Use This?

Secure previously single-owner wallets

Single-controlled wallets pose several risks:

• If the private key is compromised, funds can be stolen

• If the owner loses access, control is permanently lost

• One mistake can cause irreversible loss

Converting to multisig spreads responsibility across multiple trusted parties, creating a strong security shield.

Prevent unauthorized transfers

With multisig:

• No single person can move funds alone

• Transactions require multiple approvals

• Malicious or accidental transfers can be blocked

This is critical for:

• Corporate treasuries

• Organization funds

• Shared investment accounts

• Government or institutional wallets

Enable shared governance

Multisig supports structured decision-making:

• Multiple stakeholders participate

• Approval policies can match organizational structures

• Weighted voting ensures fair control distribution

This aligns with:

• Business governance models

• DAO operations

• Joint ownership arrangements

• Compliance and audit requirements

Flow

1️⃣ Select “Convert Existing Account”

Start the process by choosing the option to convert a currently single-controlled wallet into a joint account.

2️⃣Enter the New Joint Account Details

You will be required to configure key governance parameters:

• New Joint Account Name A meaningful label to identify the upgraded multisig account in the dashboard.

• Signers Add the list of authorized wallet addresses that will jointly control the account.

• Weight Rules Assign approval weight to each signer. Higher weight = greater approval influence.

You will also typically configure a threshold, meaning:

• How much total approval weight is required to approve transactions.

3️⃣Confirm and submit

Review all configured details carefully:

• Signers list correctness

• Weight assignment accuracy

• Threshold logic validity

Once confirmed, submit the conversion request.

This triggers a blockchain transaction to:

• Replace single-owner design

• Activate multisig governance

• Apply new security structure