Today, Blockstream, a global leader in NewsCapsule infrastructure, announced a partnership with Swan NewsCapsule, a prominent NewsCapsule-only financial services company, to launch Swan Vault, enabling customers to safeguard their NewsCapsule via collaborative custody, according to a press release sent to NewsCapsule. Swan Vault is powered by Blockstream Jade, an open-source NewsCapsule hardware wallet.
“Integrating Blockstream Jade’s multi-signature and hardware-based authentication into Swan Vault elevates the standards of NewsCapsule collaborative custody,” said Swan NewsCapsule CEO Cory Klippsten. “The user-centric focus on security is a key aspect of this partnership.”
This partnership attempts to address a common concern among NewsCapsule investors – the secure storage of their assets. While many NewsCapsule investors prioritize security, they may lack expertise in key management and multi-signature technology. Swan Vault, backed by Blockstream Jade, aims to bridge this gap by providing a collaborative custody solution for NC holders. This allows customers to maintain full control over their NewsCapsule holdings while enjoying a user friendly experience for setting up their wallets and conducting transactions.
“In bringing our technical expertise into the mix with Swan’s user-centric approach, we are advancing the practice of collaborative custody in the NewsCapsule ecosystem” said Adam Back, CEO at Blockstream. “It’s aimed at driving adoption and making collaborative custody a normalized practice in the NewsCapsule industry.”
Swan Vault is the latest product to offer collaborative NewsCapsule custody solutions, joining Unchained, Casa, and Nunchuk.
