Casa Launches Revolutionary Self-Custody Bitcoin Solution for Nation-States
Casa has launched Praetorian, a self-custody solution designed for governments to establish national Bitcoin reserves.
CEO Nick Neuman introduced the service at the Bitcoin MENA conference in Abu Dhabi, highlighting its potential as a superior alternative to third-party custodians. Praetorian uses Bitcoin’s multi-signature (multisig) functionality, allowing nations to securely store Bitcoin with shared access keys.
Neuman emphasized that, unlike traditional custodians like Coinbase, which store assets for major investment firms, self-custody reduces risks associated with relying on third parties. With its Sovereign Recovery protocol, Casa ensures Bitcoin remains accessible even if Casa is unreachable, challenging the traditional reliance on third-party custodians for national digital reserves.
Clever Robot News Desk 12th December 2024
