Swan Seeks to Boost Custody Offerings With Blockstream Partnership | CPT PPP Coverage

Swan Seeks to Boost Custody Offerings With Blockstream Partnership appeared on bitcoinmagazine.com by Nik Hoffman.

Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative custody, according to a press release sent to Bitcoin Magazine. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin hardware wallet.

“Integrating Blockstream Jade’s multi-signature and hardware-based authentication into Swan Vault elevates the standards of Bitcoin collaborative custody,” said Swan Bitcoin CEO Cory Klippsten. “The user-centric focus on security is a key aspect of this partnership.”

This partnership attempts to address a common concern among Bitcoin investors – the secure storage of their assets. While many Bitcoin investors prioritize security, they may lack expertise in key management and multi-signature technology. Swan Vault, backed by Blockstream Jade, aims to bridge this gap by providing a collaborative custody solution for BTC holders. This allows customers to maintain full control over their Bitcoin holdings while enjoying a user friendly experience for setting up their wallets and conducting transactions.

“In bringing our technical expertise into the mix with Swan’s user-centric approach, we are advancing the practice of collaborative custody in the Bitcoin ecosystem” said Adam Back, CEO at Blockstream. “It’s aimed at driving adoption and making collaborative custody a normalized practice in the Bitcoin industry.”

Swan Vault is the latest product to offer collaborative Bitcoin custody solutions, joining Unchained, Casa, and Nunchuk.

FEATURED ‘News of the Day’, as reported by public domain newswires.

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