Lisk's answer to that problem is Workspaces, the foundation that everything else in the product is built on. If you're new to Lisk or evaluating it for your company, this is the one concept worth understanding first, because almost every other feature lives inside a workspace.
What Is a Workspace?
A workspace is the top-level environment where a person or business manages money in Lisk. Think of it as your company's secure home on the platform. Inside that home, you'll find your team, your accounts, your portfolios, your payment history, and the settings that control how all of it works.
Put simply:
A workspace is the one secure place for a business to manage money operations across accounts, payments, approvals, assets, and team members.
This is also a deliberate design choice in how Lisk's interface works. Most wallet products ask you to pick a blockchain first, then decide what to do. Lisk flips that order: you choose your workspace, then your action, and only then does the underlying account get selected. Everything blockchain happens behind the scenes. The goal is for your team to think and operate in business terms, not in crypto terms.
Every user works inside one workspace at a time. That single rule does a lot of work: it prevents a team member from accidentally sending funds from the wrong account, applying the wrong approval policy, or mixing up one client's or entity's money with another's.
Give Your Business an Identity
A workspace isn't just an internal container, it has its own identity on the platform: a name and an icon. That username matters, because it becomes your workspace's URL and, over time, an addressable way to receive money on Lisk, similar to how a PayPal handle works today.
Who Can Do What: Roles and Permissions
Inside a workspace, the people are called profiles, not accounts, to avoid confusing "the person" with "the financial account." Each profile is tied to a single email address.
Every profile is assigned one of three workspace-level roles:
- Owner has full access to every setting and full visibility to every account in the workspace. This is the highest level of authority.
- Admin has the same access and visibility as the Owner but can't delete the workspace.
- Member has access only to what they've specifically been assigned, such as a particular account or portfolio.
Beyond those workspace-wide roles, Lisk also applies permissions at the resource level. Profiles can be assigned as Viewer (read-only) or Approver (able to initiate withdrawals and transfers) to accounts and portfolios, and this is layered on top of your workspace role. That means approval authority isn't automatic. Even an Admin or Owner needs to be explicitly made an Approver before they can move funds out of an account or portfolio. For a finance team, that's the difference between "can see the numbers" and "can move the money," and it's a distinction very relevant for businesses.
Everything Your Team Needs, in One Place
Once your workspace is set up, it becomes the container for the resources your business actually operates on:
Profiles are the people who operate inside your workspace. Every team member gets their own identity, tied to their email and security setup, with a specific role and account accesses assigned to them, so every payment, approval, and admin action is tied to a named person, not a shared login.
Accounts are where your day-to-day, stablecoin-style money sits. They function much like a bank account: send, receive, hold balances, and pay out. Accounts can require multiple approvals before a payment goes out (for example, 2 of 4 designated approvers), so team-based financial controls are part of the product rather than something you have to build yourself.
Categories give your team a shared language for bookkeeping. Admins create workspace-wide labels (Payroll, SaaS, Travel, Legal, Marketing, and so on) that can apply across accounts, so your transaction history stays organized.
Approvals and a Paper Trail, Built In
For finance teams, two things usually matter more than anything else: who can approve what, and whether there's a record of it.
Workspaces are built around both. Approval policies are configured per account and per portfolio, not applied as one blanket rule, so you can require tighter sign-off on treasury withdrawals than on routine operating expenses. And every meaningful change (a new approval policy, an approver added or removed, a threshold adjustment, a portfolio created or renamed) is logged, along with who made the change and when.
On top of that, transactions in a workspace aren't just line items. Your team can attach notes, receipts, invoices, contracts, and other supporting files directly to a transaction, and anyone with access to that transaction can view them. That turns your workspace into a shared financial record your team and your accountant can actually rely on, not just a list of balances.
What It Costs
During Early Access, each workspace is on the Professional plan for free.
Getting Started
During Early Access, setting up a workspace requires your email address to be whitelisted. Reach out to us to get access.
The Bigger Picture
Workspaces are what turn Lisk from "a crypto wallet" into an operating layer for business finance. They define who's acting, on whose behalf, with what access, under what approval rules, and with a full record of what happened.
If you're managing money for a business today, spread across spreadsheets, separate wallets, and approval chains held together by memory, a workspace is designed to be the place all of that consolidates into one.