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Service for Sovereign Bitcoin Custody Launched

12.12.2024
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Amid growing interest in adopting Bitcoin as a strategic financial reserve at the national level, a new service emerged to ensure the secure, sovereign storage of BTC.

Sovereign Bitcoin Storage Now Available for Governments

Casa introduced Praetorian, a custodial service designed for government institutions to securely store Bitcoin used as sovereign financial reserves.

According to the announcement, Praetorian allows governments to “truly own their reserves.” The service enables the development of a transparent, verifiable reserve management strategy and mitigates systemic risks. Key features of Praetorian include delegation capabilities for comprehensive asset administration.

The service delivers a high level of security through a custom-built operational security (OPSEC) model based on multi-signature wallets. Casa deploys personalized military-grade security protocols, including advanced hardware security modules (HSM) and rapid response procedures. Additionally, the storage solution employs the open-source Sovereign Recovery protocol, ensuring asset preservation even if Casa ceases operations.

This service aligns with the trend of using Bitcoin as a reserve asset, as detailed in a CP Media op-ed.

Сообщение Service for Sovereign Bitcoin Custody Launched появились сначала на CoinsPaid Media.

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CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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