Technology

Bakkt and Unchained Team Up for Next-Level Crypto Custody Solutions

Bakkt Holdings, Inc. Enhances Bitcoin Custody Services Through Collaboration with Unchained

In the fast-evolving world of digital assets, security and regulatory compliance are top priorities for institutions dealing with cryptocurrencies. Bakkt Holdings, Inc., a leading digital asset platform, has recently announced its partnership with Unchained Capital to join their collaborative custody network. This move is aimed at providing enhanced security and regulated custody services for bitcoin assets.

Established in 2018, Bakkt has been known for offering secure and scalable solutions to clients in the crypto economy. By integrating with Unchained Capital, a well-known bitcoin financial services company, Bakkt is further strengthening its institutional-grade custody services with a robust multi-signature vault solution for bitcoin assets.

Unchained Capital’s unique model of a multi-signature vault, secured by multiple institutional key agents, provides an added layer of security for digital assets. With Bakkt joining as a key agent and institutional signatory, the security framework is further fortified to meet the needs of large institutions seeking diverse custody options in the face of regulatory uncertainty.

Gavin Michael, CEO of Bakkt, emphasized the importance of secure and regulated custody as a core aspect of their business. He stated, “With the regulatory landscape constantly changing, our customers are seeking various solutions to safeguard their bitcoin holdings. Our collaboration with Unchained’s network demonstrates our dedication to offering innovative access platforms and expanding our custody capabilities.”

Joe Kelly, CEO and co-founder of Unchained, expressed confidence in Bakkt’s role within the collaborative network. He stated, “Bakkt’s reputation as a regulated custodian aligns perfectly with our goal of providing the highest level of asset protection, surpassing the security offered by single-entity solutions.”

This partnership goes beyond just technical enhancements; it signifies a strategic alignment to meet the increasing demand for advanced crypto custody solutions. As digital assets gain wider acceptance, partnerships like this play a crucial role in developing the necessary infrastructure for secure asset management in the blockchain space.

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