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Service for Sovereign Bitcoin Custody Launched

Service for Sovereign Bitcoin Custody Launched

CoinspaidmediaCoinspaidmedia2024/12/13 01:00
By:Coinspaidmedia

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.

Service for Sovereign Bitcoin Custody Launched image 0

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 .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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