Unchained Launches First Private Client Service with Collaborative Bitcoin Custody
Business Wire Jul 11, 2023 18:15Unchained Signature is distinct in offering high-touch client management and support without the degree of third-party risk associated with exchanges and custodians
AUSTIN, Texas--(BUSINESS WIRE)--Unchained, the leader in financial services for bitcoin holders, today announced the launch of Unchained Signature, a membership-based service that helps high-net-worth individuals, institutions, and corporations invest in and manage their bitcoin. Unchained Signature offers clients high-touch support akin to what they might expect from premium banking services in traditional finance, with the critical distinction of collaborative custody, also known as multi-signature custody.
Unchained’s collaborative custody model 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. The fact that clients hold their own bitcoin keys, even when they get a loan with their bitcoin used as collateral, is an assurance that Unchained is not able to singularly move or rehypothecate client funds, as many now-defunct crypto firms did prior to their collapse.
Underpinned by collaborative custody, Unchained Signature gives members dedicated account management for bitcoin financial services—including private trade execution, multi-million dollar loans, and retirement and estate planning—plus technical support, including advisors who will travel on demand to deliver in-person emergency assistance. Further, Unchained Signature provides benefits like early access to new products and exclusive networking events with internationally renowned economists and other industry titans.
“Unchained Signature is a solution we’ve tailored for the needs of large-scale investors,” said Joe Kelly, co-founder and CEO of Unchained. “As the best performing asset of the last decade, bitcoin continues to draw in new high-net-worth individuals and institutions, many of whom have previously shied away from crypto due to technical barriers and third-party risks. Unchained Signature exists to help these investors buy, secure, and grow their bitcoin with as much technical and logistical assistance as they need — all without compromising security.”
With over $2 billion in bitcoin secured and over $500 million originated in bitcoin-collateralized loans, Unchained has established itself as the number one bitcoin loan provider in the USA and a leader in bitcoin financial services. Unchained Signature is the latest iteration in the company’s commitment to helping investors manage and grow their bitcoin with a suite of products and services that resemble the sophistication of traditional finance but maintain the decentralization-focused ethos of bitcoin.
The launch of Unchained Signature comes on the heels of the firm’s $60 million Series B funding round led by Valor Equity Partners. The initial close, completed on April 11, included participation from existing investors NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners.
About Unchained
Founded in 2016, Unchained is a top 10 bitcoin platform by assets secured and has helped thousands of individuals and businesses truly own their wealth by holding bitcoin keys. Unchained's collaborative custody model allows clients to access financial services while continuing to have the benefits of self-custody, the ultimate consumer protection in these uncertain times. For more information on Unchained, please visit unchained.com.
Contacts
Larissa Bundziak
Unchained
(914) 552-7427
Larissa@unchained.com
Unchained.com
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