First published
11/6/2023
Last updated
4/8/2026

For many bitcoin holders, custody comes down to one of two choices: do it yourself or trust a custodian. If you do it yourself, you maintain full control of your funds but take on all the risk of custody yourself. If you entrust a custodian to hold your bitcoin for you, you lower your own obligations but create a single point of failure and lose control.Unchained offers clients a third choice: collaborative custody.‍Collaborative custody builds on bitcoin’s native multisig capabilities to distribute the risks & responsibilities of protecting private keys across multiple parties. Platforms such as Unchained remove single points of failure and formalize the process of social key recovery for participants.