Casa Launches New Inheritance Product for Bitcoin Self-Custody Platform
Bitcoin self-custody platform Casa has announced the launch of a new inheritance product, Casa Inheritance, designed to help its global customer base transfer their digital assets to loved ones in the event of their passing.
Casa, known for its multisig vaults that help secure BTC and other digital assets, aims to simplify the process of passing on digital wealth to family members. Co-founder and CEO of Casa Nick Neuman explained that many family members of crypto investors are unfamiliar with hardware wallets and may feel overwhelmed by the process of accessing funds after a loved one’s death.
Casa Inheritance utilizes multi-key vault technology, requiring a combination of private keys to access funds. The product includes a 3-key vault priced at $250 per year, with users needing two of the three keys to unlock the vault.
The setup process involves granting a recipient access to an encrypted private key via the Casa app. In the event of incapacitation, the recipient can request access to the vault, triggering a six-month waiting period. If the request is not declined, the recipient gains access to the account with the shared private key and another key held by Casa, all without KYC requirements.
Originally offered to private client members, Casa has seen increased interest in self-custody solutions following the launch of bitcoin ETFs. Neuman highlighted the importance of self-custody for those using bitcoin as a hedge against systemic financial risks, emphasizing the need for secure and easy-to-use solutions for transferring wealth across generations.
For more information on Casa Inheritance and other Casa products, visit https://casa.io/.
