Unchained Announces Partnership With Coincover To Further Strengthen Its Bitcoin Collaborative Custody Network

By Author: Orson Amiri
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Unchained, a prominent financial services provider for Bitcoin holders, has announced the addition of Coincover, a blockchain protection provider, to its collaborative custody partners network. This move strengthens Unchained's multi-signature custody offering, which has seen significant growth since October 2022.

Unchained's collaborative custody solution allows Bitcoin holders to distribute their private keys among multiple entities, ensuring their Bitcoin isn't rehypothecated or misused. This approach is appealing to investors as a risk-mitigation tool in an era where custodians sometimes lose customer assets.

Unchained's co-founder and CSO, Dhruv Bansal, emphasized the importance of trust in the Bitcoin ecosystem, especially with the potential for large asset holdings.

Unchained's clients now benefit from both Kingdom Trust and Coincover as key custodian partners. Even if one fails, clients will retain access to their Bitcoin. They can also choose to hold one or more of these keys, ensuring their Bitcoin isn't rehypothecated.

This partnership with Coincover enhances Unchained's collaborative custody ...
... model, allowing investors to maintain sovereignty over their Bitcoin without the risks of self-custody. Unchained plans to expand its collaborative custody partnerships further while ensuring clients maintain control over their private keys, offering security and assurance typically reserved for large institutions.

For more information, visit unchained.com/private-wealth-and-enterprise.

About Unchained:
Founded in 2016, Unchained is a top Bitcoin platform by assets secured, enabling individuals and businesses to truly own their wealth by holding Bitcoin keys. The collaborative custody model offers financial services with self-custody benefits.

About Coincover:
Coincover provides blockchain protection solutions to ensure access and assets are never lost. Founded in 2018, Coincover helps blockchain entities protect themselves and their customers from theft, hacking, and human error, serving over 350 clients in the blockchain industry.

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