The world of bitcoin custody is complex and ever-evolving, with different strategies catering to the needs of individuals and institutions alike. Unchained, the official US Collaborative Custody partner of Bitcoin Magazine, is at the forefront of this industry, offering a range of services to meet the diverse needs of bitcoin holders.
For individuals looking to hold bitcoin in self-custody, there are various options available. From singlesig wallets to multisig setups, the choice depends on factors such as the amount of bitcoin held and the frequency of access needed. Multisig wallets offer threshold security, protecting users from single points of failure and ensuring the safety of their funds.
However, for institutions and other large entities looking to secure a bitcoin treasury, more rigorous controls are necessary. Institutional-grade bitcoin custody requires threshold security as a minimum, with options such as multisig, Shamir’s secret share (SSS), and multiparty computation (MPC) available. Multi-level thresholds, combining multisig with SSS or MPC, offer an additional layer of security for institutions seeking the highest level of protection for their assets.
The use of multisig as a foundation for multi-level thresholds provides a higher security ceiling compared to singlesig setups. This approach allows for a robust multi-institution custody structure, distributing risk across key agents and minimizing counterparty risk. Unchained offers private wealth and enterprise clients access to high-end key agents to set up this advanced security structure.
In conclusion, the world of bitcoin custody is complex, with different strategies catering to the needs of individuals and institutions. Unchained, as the official US Collaborative Custody partner of Bitcoin Magazine, offers a range of services to meet the diverse needs of bitcoin holders, ensuring the security and protection of their assets.
