Casa, a cryptocurrency self-custody platform, recently rolled out support for the storage of Ethereum, where it touted its support for multi-signature Eth and Bitcoin self-storage as an industry first.
Since the formation of this company in 2016, it has been promoting multi-signature self-custody in the entire industry. Its flagship vault for Bitcoin also allows its users to store the cryptocurrency using around five keys for more distributed security.
The service of the company had initially been catering to the whales of Bitcoin, who would be willing to spend around $10000 per year on custody, before opening up its service to a broader clientele. The company has also added an Ether vault to its platform, with the holders of the cryptocurrency capable of using up to 5 keys in order to secure the holdings.
Casa Has Been Touting Its Multisignature Self-Custody Vault
According to the CEO of Casa, Nick Neuman, with Ethereum and Bitcoin operating as entirely different protocols, the crypto industry has not been able to build a security solution that would be accommodating both on the same platform, along with various hardware wallet models.
The firm has also been engaging with users over the potential of adding support for self-custody for various ETH-related assets, which includes stablecoins, nonfungible tokens, and ERC-20 tokens. The co-founder and chief technical officer of the company, Jameson Lopp, also highlighted the increasing calls for a multi-signature ETH self-custody from the users and the wider cryptocurrency community.
Casa had also announced its intention of launching an ETH storage solution amidst several high-profile collapses of custodians like the FTX, as most of the users not only lost their access to ETH but also lost out to the stablecoins and other ERC tokens.