Bitcoin self-custody company Casa raises $21M

05/10 12:28

According to CoinDesk, Bitcoin self-custody company Casa said Tuesday it raised $21 million in a push to add financial identity functionality to its signature wallet product. Casa builds what is known as a “self-custody” bitcoin wallet that leaves users in control of their private keys. This differs from the custodial model employed by exchanges that take control of the crypto asset, and is favored by bitcoin diehards who live by the “be your own bank” mantra. With the new round closed, Casa said it wants to make wallets more intertwined with their owner’s digital fingerprint. Its new “Casa API” will help businesses such as Swan Bitcoin and Choice IRA authenticate their customers’ financial identity when approving loans or making retirement investments, a press release said.
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