> For the complete documentation index, see [llms.txt](https://multisigx.gitbook.io/multisigx-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://multisigx.gitbook.io/multisigx-documentation/intro/what-is-multisigx.md).

# What is MultisigX?

MultisigX is a tool that enables users to deploy and manage their own multi-signature contract on the MultiversX blockchain, using the official [MultiversX multi-signature standard](https://multiversx.com/blog/elrond-multisig-contracts/).

A multi-signature contract is a type of smart contract that requires multiple parties to sign off on a transaction before it is executed. This provides an additional layer of security and control when managing funds, tokens, and NFTs, especially as an organisation, protecting the funds from a rug-pull.

By deploying a multi-signature contract through MultisigX, users retain complete control over their funds and transactions, as **the MultisigX team has no control or access to the funds** stored in the Vault, and **will not be able to recover any funds** in the event of a problem.