Swan Changes Custodians, Promises Multisig Cold Storage For Clients In Coming Months
Swan provides a custodial Bitcoin savings account and related services. The company operates in the United States and internationally, and is required to KYC its customers.
- "Earlier this year Swan began working to dramatically accelerate redundancy and independence across compliance, settlement, and custody."
- "Starting May 26th, 2023, all Swan client assets were transferred to our new qualified custodians, BitGo Trust Company and Fortress Trust."
- "You will see significant improvements to the Swan experience over the coming months, including:
- Returning services to all 50 states (we're coming back soon to CT, HI, NC, SD, TX and yes, New York).
- Multi-signature cold storage for all users, with the ability to view your Bitcoin directly on-chain.
- Up to $250M Bitcoin insurance coverage against loss, theft, and misuse."
