Introducing the enterprise collaborative custody network

Today we’re introducing the enterprise collaborative custody network: a network of enterprise keys for securing private wealth and enterprise bitcoin holdings, available now. Finally, a bitcoin-exclusive form of enterprise custody, where no single company can lose your bitcoin.

Enterprise bitcoin custody is broken. Duct-taping the legacy model of centralized custodians onto the bitcoin protocol has led to billions of dollars lost. As the recent hacks of Prime Trust and Fortress Trust have demonstrated, qualified custodianship only means something in bitcoin if it can be supported by a custody model that respects the bitcoin protocol.

With the enterprise collaborative custody network, you can secure your bitcoin in collaborative custody and ensure that it is not at risk of the same types of loss that plagued the enterprise custodians of the past.

As recently shown by Prime Trust, even qualified custodians with a structure that segregates customers’ bitcoin from their legal corporate entity can fall short due to human error, and courts are of no help once access to the bitcoin is lost. 

This solution enables bitcoin holders to have their private keys distributed among several entities, therefore assuring them that their bitcoin is not being rehypothecated or misused by institutions. Unchained’s collaborative custody offering has become particularly appealing to investors as a risk-mitigation tool in an era where custodians and other institutions are regularly in the news for losing customer assets, whether deliberately or not. 

Partnership with Coincover

We’re also announcing today the addition of the blockchain protection provider Coincover to our network of collaborative custody partners.

With both Kingdom Trust and Coincover as key custodian partners, clients have the assurance that even if one of them fails, they will still have access to their bitcoin. Clients can even choose to hold one or more of these keys, which lets them guarantee that the bitcoin is not being rehypothecated.

The addition of Coincover to our list of partners further strengthens our collaborative custody model, which enables investors to maintain sovereignty over their bitcoin—making their funds invulnerable to exchange hacks and collapses—without the risks of self-custody, such as loss of private keys.

Get started now

This isn’t coming soon. It’s available right now.

In partnership with Coincover and Kingdom Trust, now you can:

• Hold no keys: Hire 3 best-in-class enterprise key agents to collaborate in the security of your bitcoin
• Hold 1 or more keys: Actively participate in the security of your own bitcoin by controlling 1 or more keys
• Reduce counterparty risk: Eliminate any single institution as a point of failure for the bitcoin 

In an effort to increase the accessibility for individuals and businesses to achieve security and assurance levels historically reserved for large institutions, Unchained will continue to expand its collaborative custody partnerships while also ensuring that clients remain in unilateral control of private keys. We will be evolving this solution into a network of keys through more partnerships that will be announced soon.

You can book a consultation here.