Bitcoin Financial Services Firm Swan Unveils 'Collaborative Custody' Service

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Bitcoin Financial Services Firm Swan Unveils 'Collaborative Custody' Service
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Jamie Crawley is a CoinDesk news reporter based in London.

Collaborative custody, in this instance, refers to a multi-signature wallet scheme combined with third-party assistance for things like backup and transfer, thereby enhancing the user experience of bitcoin storage, the firms said.

Crypto platforms often face the challenge of offering users the peace of mind their assets are secure without having users keep personal responsibility of their financial safety, through managing their own keys and so on.in November 2022 — reminded many unfortunate users who lost access to funds of the adage"not your keys, not your coins."

There is a natural demand for services that can offer both greater security of assets and a straightforward user experience simultaneously. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

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