Funding Round Highlights

In an impressive feat amid the current bear market, Unchained Capital has successfully raised $60 million in a Series B funding round, firmly positioning itself as a leading financial services provider catering to Bitcoin enthusiasts. The investment was spearheaded by Valor Equity Partners, with notable participation from NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners.

The Multisignature Advantage

Unchained Capital’s unique custody model is like having a bank with a sense of security—without relying on a single key or centralized exchange. By utilizing the Bitcoin network’s multi-signature capabilities, Unchained allows clients to share control over their Bitcoin through a custody system that divides private keys between users and the company itself.

• Protection: The multisig approach drastically minimizes the chances of losing your precious crypto to hacking or bad luck.
• Shared Responsibility: Clients hold one key while Unchained keeps another—it’s like a safe deposit box where you and the bank each have a key. Who knew saving could be this fun?

A Lesson from the Past

The crypto collapse of 2022 taught us the hard way about the risks of single points of failure. With platforms like BlockFi and Celsius experiencing dramatic downfalls, sharing the keys has never felt so appealing. Multisig security promises to eliminate that “lose all your money” stress, allowing users bigger peace of mind.

Words from the CEO

“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.” – Joe Kelly, CEO of Unchained Capital

Plans for the Future

So, what’s the game plan with this newfound funding? Joe Kelly hinted at expanding their client base and product offerings while continuing to promote the mantra: “Not your keys, not your coins.” This push to educate new Bitcoin users about secure custody options comes at a time of increased awareness following the various centralized exchange failures. For those new to the Bitcoin scene, it’s all about learning how to properly secure your assets without putting all your eggs in one basket, or keys in one lock.

Conclusion

As cryptocurrency enthusiasts increasingly grasp the importance of self-custody, the spotlight on multisig solutions is bound to get brighter. Unchained’s success shows that innovation and security in finance can thrive, even when times are tough. So here’s to safer crypto practices and collaborative custody models, as we navigate the wild world of Bitcoin!