Enhancing Bitcoin Security with Bakkt and Unchained Collaboration
Boosting Security for Bitcoin Holders
Bakkt Holdings, Inc. has partnered with Unchained to enhance security for bitcoin holders. This collaboration allows Bakkt to play a key role in Unchained’s enterprise collaborative custody product, offering a more secure method for institutions to safeguard their bitcoin assets.
Regulatory Uncertainty and Secure Custody
With regulatory uncertainty looming, the partnership between Bakkt and Unchained aims to provide a secure platform for institutions to protect their assets. Bakkt’s CEO, Gavin Michael, highlights the importance of secure custody and regulated solutions, providing large institutions with an alternative platform access.
Strengthening Custody Model
Unchained’s CEO, Joe Kelly, emphasizes the significance of Bakkt as a regulated custodian in their network. The collaboration is designed to protect over $6 billion in bitcoin assets, enhancing the security of Unchained’s custody model and ensuring client assets are safeguarded more effectively.
Expanding Custody Services
Bakkt, established in 2018, offers institutional-grade custody, trading, and onramp capabilities, facilitating long-term involvement in the crypto economy. On the other hand, Unchained, founded in 2016, focuses on securing bitcoin assets for individuals and businesses through a collaborative custody model, allowing clients to maintain the benefits of self-custody.
Driving Innovation in Bitcoin Security
The partnership between Bakkt and Unchained signifies a step forward in enhancing the security of bitcoin assets. By combining their expertise, these two companies are driving innovation in the realm of cryptocurrency custody, providing clients with robust and secure solutions.
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