[ad_1]
ALPHARETTA, Ga. – Bakkt Holdings, Inc. (NYSE:BKKT), a digital asset marketplace, has announced its role as a key agent in Unchained’s Enterprise Collaborative Custody product, increasing security for Bitcoin holders. This strategic partnership allows Bakkt to serve as an institutional signatory for Unchained customers and leverage multi-signature vaults.
The aim of the collaboration is to provide institutions with a safer way to protect their Bitcoin assets, especially during times of regulatory uncertainty. Bakkt CEO Gavin Michael emphasized the importance of secure and regulated custody and explained that this partnership provides alternative platform access for large institutions.
Unchained CEO and co-founder Joe Kelly explained that Bakkt’s status as a regulated custodian makes it a suitable addition to their network. He emphasized the mission to ensure that customers’ assets are protected more securely than any single solution could provide.
This move is seen as a way for Bakkt to expand its custody services and for Unchained to strengthen the security of its custody model, which is designed to protect over $6 billion worth of Bitcoin. Unchained’s enterprise collaborative custody product is designed to provide customers with financial services while maintaining the benefits of self-custody.
Founded in 2018, Bakkt provides its clients with institutional-grade custody, trading and onramp capabilities, facilitating long-term exposure to the crypto economy. Founded in 2016, Unchained is focused on helping individuals and businesses secure their Bitcoin assets and truly own their wealth through a collaborative custody model.
The announcement is based on a press release.
This article was created with the assistance of AI and reviewed by an editor. More information can be found in our terms and conditions.
[ad_2]
Source link
