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The addition of Coincover to Unchained’s partners further strengthens its 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.
“When considering a custody solution, we believe clients should ask themselves two fundamental questions: 1) what happens to your bitcoin if their company disappears, and 2) can they unilaterally move or access your assets without your knowledge and consent. We believe that the current solutions fall short of a great answer to both these questions, and we’re excited to move the industry forward with more robust delegated custody solutions,” said Joe Kelly, co-founder and CEO of Unchained.
