Asigna Raises $3M Funding and Launches Bitcoin Multisig v2 Upgrade
Asigna, a smart multisig vault operator for Bitcoin, has secured $3 million in funding from investors like Hivemind and Tykhe Block Ventures, marking a significant milestone for the company. This funding will be instrumental in expanding Asigna’s Bitcoin-native multisig vault and introducing a v2 upgrade along with new developer tools.
The Co-Founder of Asigna, Viven, highlighted the importance of providing secure and transparent solutions for institutional and large holders to participate in the ever-evolving Bitcoin ecosystem. The multisig infrastructure is crucial in enabling this transformation, paving the way for more robust and programmable non-custodial options.
In addition to the funding round, Asigna is rolling out its v2 upgrade, which includes support for Embedded Apps and a developer SDK. These new features empower developers to seamlessly integrate multisig functionality directly into Bitcoin applications, enhancing user experience and security.
The Senior Investment Principal at Hivemind Capital, Kayla Phillips, emphasized the game-changing nature of Asigna’s approach to Bitcoin security and its compatibility with Layer-2 protocols. The seamless integration of Asigna’s solutions is poised to benefit institutional investors looking for reliable and transparent non-custodial services.
Furthermore, the v2 upgrade introduces a host of new tools and features, such as a custom dashboard, BTC swaps, Connection SDK, Multisig SDK, sub accounts, email notifications, governance, customizable signer permissions, privacy mode, and advanced UTXO management. These additions enhance the functionality and versatility of Asigna’s multisig vault, catering to the diverse needs of users.
One of the standout features of Asigna’s offering is its fully native integration with the Bitcoin layer, eliminating smart contract risks and ensuring that multisig wallets remain secure even in the event of unforeseen circumstances. This unique approach underscores Asigna’s commitment to prioritizing user security and accessibility.
As Bitcoin continues to soar with a $2.2 trillion market cap and the DeFi sector expanding rapidly with over $6 billion in TVL, Asigna plans to leverage the new funding to provide clients with access to DeFi opportunities, including staking and lending services. This white-glove service aims to empower clients to tap into the burgeoning DeFi landscape with confidence and ease.
In summary, Asigna’s $3M funding raise and Bitcoin Multisig v2 Upgrade mark a significant milestone in the company’s journey towards enhancing Bitcoin security and accessibility. The innovative features, developer tools, and commitment to user-centric solutions position Asigna as a key player in the evolving Bitcoin ecosystem.
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