Today, Blockstream and Swan Bitcoin announced a partnership to launch Swan Vault, a collaborative custody service for safeguarding Bitcoin. Swan Vault utilizes Blockstream Jade, an open-source Bitcoin hardware wallet, to ensure secure storage for customers.
Cory Klippsten, CEO of Swan Bitcoin, highlighted the integration of Blockstream Jade’s multi-signature and hardware-based authentication as a significant addition to Bitcoin collaborative custody. Klippsten emphasized the importance of user-centric security in this partnership.
The partnership aims to address the concerns of Bitcoin investors regarding secure asset storage. Swan Vault, powered by Blockstream Jade, offers a collaborative custody solution for BTC holders who may lack expertise in key management and multi-signature technology. With Swan Vault, customers maintain full control of their Bitcoin holdings while enjoying a user-friendly experience for wallet setup and transactions.
Adam Back, CEO of Blockstream, stated that the partnership with Swan Bitcoin aims to advance collaborative custody in the Bitcoin ecosystem. The goal is to drive adoption and normalize this practice within the industry.
In addition to Swan Vault, other products offering collaborative Bitcoin custody solutions include Unchained, Casa, and Nunchuk.