CALABASAS, Calif., Sept. 12, 2024 — Following a period of early access, Swan Bitcoin has made its advanced self-custody product, Swan Vault, available to the public. Swan Vault enables users to hold their own Bitcoin without relying on intermediaries such as exchanges, banks, or other institutions.
With Swan Vault, users retain complete control over their Bitcoin while receiving support. This autonomy is fundamental to Bitcoin‘s promise: guaranteeing that individuals retain ownership of their funds without restrictions. Swan Vault utilizes a three-key system, where the user holds two keys and manages the third, known as the Cloud Key, through the Swan Vault platform. This setup enables recovery of funds if a key is lost. Multifaceted risk and security management systems, powered by machine intelligence and a layer of human verification, ensure the highest level of security when cosigning with a Cloud Key.
Swan Vault was designed for a seamless onboarding experience for advanced Bitcoin self-custody. “We meticulously designed Swan Vault to eliminate the technical hurdles and complexity that often discourage people from embracing self-custody,” explained Yan Pritzker, Co-founder and CTO of Swan. “Swan Vault empowers anyone to confidently take custody with a streamlined experience and personalized service from our team.”
Swan Vault smoothly combines user-friendly software with hardware, delivering the optimal balance of security and accessibility. Vault was built to integrate seamlessly with the Blockstream Jade signing device, also referred to as a “hardware wallet,” used for approving Bitcoin transactions. This tight integration facilitates a smooth onboarding process for a collaborative self-custody service.
“Blockstream Jade signing devices are designed to be both intuitive and secure, making them the perfect complement to Swan Vault’s client-focused approach,” said Adam Back, CEO of Blockstream. “This simplicity doesn’t compromise security; instead, it seamlessly blends ease of use with robust protection, ensuring clients can confidently safeguard their assets without unnecessary technical complications.”
By combining independent control with a robust safety net and expert guidance when needed, Swan Vault offers peace of mind to Bitcoiners at all levels. Swan Vault is now accessible to the general public at .
As a collaborative self-custody solution, Swan Vault can be incorporated into estate planning today. Looking ahead, the Vault team is already working on Inheritance services to address diverse client needs when transferring Bitcoin to future generations.
About Swan
is a leading Bitcoin financial services company with over 130,000 clients. Founded in 2019, Swan assists individuals and institutions in understanding and investing in Bitcoin. The Swan app simplifies Bitcoin purchases with immediate and recurring buys. Swan IRA provides a tax-advantaged solution for saving Bitcoin in retirement accounts. For high-net-worth individuals and businesses, Swan Private offers personalized service for large purchases, treasury solutions, and inheritance planning. With Swan Vault, clients can easily hold their own Bitcoin with peace of mind. Swan Managed Mining provides clients with fully segregated and dedicated mining operations, catering to their specific needs, opportunities, and strategic advantages. Swan prioritizes exceptional client service, making Bitcoin accessible to all. For further information, please visit .
About Blockstream
is the global leader in Bitcoin and blockchain infrastructure. Blockstream’s sidechain technology (Liquid Network) enables trustless Bitcoin swap settlements and secure, reliable smart contracts while empowering financial institutions to tokenize assets. Blockstream Mining provides colocation services to miners, across multiple enterprise-grade mining facilities. Blockstream’s Core Lightning implementation of the open Lightning Network protocol is the preferred code for enterprise Lightning Network deployments on Bitcoin. Blockstream Jade is a user-friendly, 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 established in 2014, with offices and team members located around the world.
SOURCE Swan Bitcoin