Blockstream, the global leader in Bitcoin infrastructure, is pleased to announce its strategic partnership with Swan Bitcoin, an industry leading Bitcoin-only financial services company. This partnership enables the launch of Swan Vault, a highly secure solution for investors to store their bitcoin by utilizing collaborative custody. Swan Vault is powered by Blockstream Jade—a fully open-source and easy to use hardware wallet.
Many Bitcoin investors prioritize asset security but may not be experts in key management or multisig technology. Swan Vault, powered by Blockstream Jade, has been engineered to bridge this gap. It enables a ‘collaborative custody’ solution where users retain ultimate control of their Bitcoin while enjoying the convenience of a streamlined experience to set up the Vault and to send or receive funds. Together, the two companies provide users with a highly secure way to store their bitcoin, and an experience that is user-friendly. The collaboration empowers both seasoned bitcoin veterans and newcomers, offering them the tools and peace of mind they seek.
The Swan Vault service will ensure customers remain in full control of their bitcoin via a 2-of-3 multisig setup: the customer holds two keys securely offline in two Jades, with Swan having a third key to help with recovery when needed.
At launch, the Blockstream Jade will be the exclusive hardware signing device on Swan Vault.
“Integrating Blockstream Jade’s multisignature and hardware-based authentication into Swan Vault elevates the standards of Bitcoin collaborative custody,” said Cory Klippsten, CEO at Swan. “The user-centric focus on security is a key aspect of this partnership.“
Strategic Rationale Behind the Alliance
This partnership stands as a powerful testament to Blockstream’s relentless commitment to pioneer advancements in the Bitcoin ecosystem.
“In bringing our technical expertise into the mix with Swan’s user-centric approach, we are advancing the practice of collaborative custody in the Bitcoin ecosystem” said Adam Back, CEO at Blockstream. “It’s aimed at driving adoption and making collaborative custody a normalized practice in the Bitcoin industry.“
“Our partnership is based on a shared vision for a robust, user-focused Bitcoin ecosystem. Together, we aim to set industry standards for security and user experience,” stated Jeff Boortz, Chief Product Officer at Blockstream.
Read more about the partnership and the Blockststream Jade here.
Blockstream is the global leader in Bitcoin and blockchain infrastructure. Blockstream’s sidechain technology (Liquid Network) enables trustless Bitcoin swap settlements and secure, dependable smart-contracts while empowering financial institutions to tokenize assets. Blockstream Mining provides colocation services to miners, across multiple enterprise-class mining facilities. Blockstream’s Core Lightning implementation of the open Lightning Network protocol is the go-to code for enterprise Lightning Network deployments on Bitcoin. Blockstream Jade is an easy-to-use, open-source hardware wallet that offers advanced security for Bitcoin and Liquid assets. Blockstream Green is the world’s most advanced consumer Bitcoin wallet. Blockstream was founded in 2014, with offices and team members distributed around the world.
Swan Bitcoin is a leading financial services company. Our user-friendly Swan app simplifies Bitcoin purchases with instant and recurring buys, while Swan IRA provides a tax-advantaged solution for saving Bitcoin in retirement accounts. For HNWIs and businesses, Swan offers tailored white-glove service, treasury solutions and employee Bitcoin benefits. Financial advisors trust Swan for client Bitcoin allocations, backed by our world-class custody and educational content. We pride ourselves on exceptional client service, making Bitcoin accessible to all. Join Swan Bitcoin today and step into a future of financial empowerment through Bitcoin.