Cointime

Download App
iOS & Android

Unchained Raises $60M to Offer Collaborative Custody Bitcoin Services

Unchained Capital, a financial services provider for Bitcoin (BTC) holders, has raised $60 million in a Series B funding round led by Valor Equity Partners, with participation from NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners. Unchained Capital offers a more secure way to hold fees than storing crypto on centralized exchanges or on a single key solution, using a custody model that leverages the Bitcoin network's native multi-signature capabilities. The $60 million funding will be used to expand Unchained's client base and product offerings. The company currently secures over $2 billion in Bitcoin across thousands of keys globally and hopes to enable new entrants to Bitcoin to leapfrog centralized custodians into their safer collaborative custody model.

Comments

All Comments

Recommended for you