Yes but it is far from popular. EVM chains don’t have native multisig capabilities. Shamir’s methodology can provide this capability and is effective for true offline (cold) signing between several key shares. Distribution of key shares then becomes the challenge, but it can be more secure than smart contracts if handled correctly
Discussion
I just found out what I was asking about is formally called the "SLIP39" standard. Apparently very few premium bitcoin wallets support them, but the ones that do are pretty good, with the exception of the Keystone, which is terrible.