The CEO of Unchained Capital explains their $60 million raise and the importance of Bitcoin multi-signature custody.
, an array of centralized solutions collapsed, taking users’ funds along the way. Multisig radically reduces risk as no one party can run off with the funds."Multisig is one of the most important technologies in the ecosystem that can be taken mainstream. It helps to protect individuals from loss and theft, two of the biggest issues for the industry."
To date, Unchained secures over $2 billion in Bitcoin across thousands of keys globally. Casa, a competitor crypto security company, recently added Ethereum to its suite of products.According to the announcement, the $60 million in funding will be used to expand the client base and product offering further. Kelly told Cointelegraph:
"Using this fresh capital investment to expand our reach and suite of services, we hope to enable new entrants to Bitcoin to leapfrog centralized custodians into our safer collaborative custody model." Ultimately, the group will hope to further the mantra “not your keys, not your coins.” In light of centralized exchange collapses, greater numbers of Bitcoin and crypto
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