Unchained

What Unchained does

Unchained Capital, Inc. is an Austin, Texas-based private bitcoin financial services company founded in 2016 that operates a collaborative custody platform for individuals, businesses, and fiduciaries holding bitcoin. Its core technology is collaborative multisignature custody built on Bitcoin's native script, in which clients retain control of at least one key while Unchained holds a co-signing key, combining self-custody sovereignty with institutional-grade security infrastructure. The platform spans Vaults (personal, trust, and business variants), a Bitcoin IRA, a Trading Desk that settles directly into cold storage, bitcoin-backed Commercial Loans with zero rehypothecation, an Inheritance Protocol for wealth transfer, a Donor Advised Funds product for charitable giving, Connections for peer-to-peer key sharing, and a Signature premium concierge tier.

Unchained monetizes through a mix of recurring subscription fees on Vaults and Signature, transaction-based fees on Trading Desk activity and loan originations, and net interest income on its bitcoin-collateralized loan book, which is serviced through wholly-owned subsidiaries B&C Lending LLC and Bitcoin Collateral Services LLC and backed by a $150 million NYDIG lending commitment. Distribution combines a self-serve web platform (my.unchained.com) with a consultative enterprise sales motion for Signature, Business, and Trust accounts, supported by content-led acquisition through the Rethink Bitcoin course, webinars, and a knowledge base.

The company is venture-backed, with cumulative equity funding of approximately $108.5 million across rounds from Starting Line, NYDIG, Stone Ridge, Valor Equity Partners, Ten31, and others, and reports securing over $2 billion in cryptocurrency on its platform. Operations span 35+ US states plus Puerto Rico and DC under multiple NMLS-licensed entities, with Gannett Trust Company operating as an affiliated fiduciary for trust and inheritance use cases.

Name

Unchained

Legal name

Unchained Capital, Inc.

Website

https://unchained.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Unchained is an Austin-based bitcoin financial services company offering collaborative multisignature custody, bitcoin-backed lending, a trading desk, IRAs, and inheritance planning to high-net-worth individuals, businesses, and fiduciaries across 35+ US states.

Ownership category

akta.pro rank

Product category

Cryptocurrency Custody & Financial Services

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH)

akta.pro secondary industry

Digital Asset Custody & Tokenization Servicing (FSAAAOAO)

Keywords

• Bitcoin custody services
• Cryptocurrency financial services
• Bitcoin-backed lending
• Self-directed bitcoin IRA
• Multisig custody

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Services (Signature, Vaults): Monthly or annual subscription fees for vault services, Signature premium service, and account management. Fees based on value of bitcoin held or flat subscription rates.
2. Bitcoin Trading Desk: Buy and sell bitcoin directly to cold storage vaults with fast settlement. Revenue generated through service fees on transactions placed through the trading desk.
3. Bitcoin-Backed Loans: Interest and origination fees on bitcoin-collateralized loans. Loans originated by Unchained Capital, Inc. or B&C Lending LLC, serviced by Bitcoin Collateral Services LLC.
4. Concierge and Premium Services: Fees for enhanced customer service, advanced technical support, premium service suites with dedicated experts, and Signature subscription perks including preferred trading fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Unchained Capital, Inc. provides bitcoin financial services built around a collaborative custody model in which users hold at least one of the keys in a multisig vault while Unchained co-signs. The platform combines institutional-grade cold-storage custody (Personal, Business, and Trust Vaults), a bitcoin-backed lending program with zero rehypothecation, a direct-to-vault trading desk, and a self-directed Bitcoin IRA. Premium tiers (Signature, Premium Service Suites, Concierge Sessions) and an end-to-end Inheritance Protocol extend the offering to high-net-worth individuals, families, fiduciaries, and corporate bitcoin treasuries.

Product overview

Unchained is a bitcoin financial services platform offering a collaborative custody model that combines the security of self-custody with professional services. The core platform consists of Vaults (multisig collaborative custody for personal, business, and trust use cases) integrated with Trading (direct-to-vault bitcoin purchasing), Commercial Loans (bitcoin-backed lending), and Bitcoin IRA (tax-advantaged retirement accounts). Premium tiers include Signature (white-glove service with dedicated account management and up to 10 vaults), Premium Service Suites (guided onboarding), and Concierge Sessions (expert consultations). Additional offerings include Inheritance Protocol (end-to-end inheritance planning), Donor Advised Funds (charitable giving), and Connections (peer-to-peer key sharing). The architecture is unified around collaborative custody where users hold at least one key while Unchained holds another, enabling real bitcoin ownership with institutional-grade security.

Differentiator

Problem solved

Functional benefit

Brands

• Gannett Trust: The first trust company designed for bitcoin holders, their families, and their fiduciaries.
• Unchained Signature
• Vaults

Products and services

• Personal Vaults

Quantifiable outcome

• Over $2 billion in cryptocurrency secured through Unchained's platform
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered minor and core.

• ARK InvestminorStrategic or Co-development Partner · 14 March 2026Collaborated on a joint white paper estimating quantum computing threats to Bitcoin's cryptographic protection. Unchained contributed expertise on Bitcoin's cryptographic architecture to estimate that 34.6% of Bitcoin's supply faces quantum risk, with potential breakthrough in the mid-2030s.
• Gannett Trust Company, LLCcoreStrategic or Co-development PartnerFirst trust company designed for bitcoin holders, their families, and fiduciaries. Affiliated entity providing qualified custody and wealth advisory services. Operates under separate governance and privacy policies from Unchained Capital. Customers can access Gannett Trust through Unchained platform.
• IRA CustodiansminorImplementation/ SI/ Consulting PartnerThird-party licensed financial institutions that provide IRA custodial services in compliance with Internal Revenue Code Section 408. Unchained partners with these entities to offer Bitcoin IRA products while maintaining collaborative custody infrastructure.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Casa: Casa offers multisig bitcoin self-custody solutions for individuals and families, with a similar focus on user-controlled keys and inheritance planning — making it the closest direct competitor to Unchained's vault and inheritance offerings.
• BitGo: BitGo provides institutional-grade digital asset custody and lending services with multi-signature wallet infrastructure, overlapping directly with Unchained's vault and bitcoin-backed loan products across institutional and HNW customers.
• Anchorage Digital: Anchorage Digital is a federally chartered digital asset bank offering institutional custody and lending, competing with Unchained for institutional and corporate bitcoin treasury clients.
• River Financial: River Financial is a bitcoin-focused financial services platform offering custody, trading, and bitcoin-backed lending to individuals and businesses — directly competing with Unchained's multi-product bitcoin financial services model.
• Kingdom Trust: Kingdom Trust is a qualified custodian specializing in self-directed IRAs including bitcoin retirement accounts — competing with Unchained's Bitcoin IRA product on retirement custody, though without the collaborative key-control model.
• Swan Bitcoin: Swan Bitcoin provides bitcoin accumulation and custody services targeted at long-term holders, with IRA and treasury offerings — overlapping with Unchained's retail IRA and trading products in the bitcoin-only niche.
• Prime Trust: Prime Trust provides qualified custody, IRA, and escrow services for digital assets — directly competing with Unchained's IRA and trust offerings, with broader asset coverage but similar institutional infrastructure positioning.

Broad incumbents

• NYDIG: NYDIG is a bitcoin technology and financial services firm offering custody, trading, and lending to institutions and advisors — overlapping with Unchained's lending and custody products, and notably also a strategic investor in Unchained.
• Fidelity Digital Assets: Fidelity Digital Assets offers institutional bitcoin custody and trading services as part of Fidelity's broader asset management franchise, competing for institutional and HNW bitcoin clients with deeper balance-sheet credibility.
• Coinbase Custody: Coinbase Custody is the institutional custody arm of Coinbase, offering cold storage services for digital assets — a broader incumbent competing with Unchained for institutional bitcoin custody mandates, though with exchange-style third-party custody rather than user-controlled keys.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCTkCLH1VSjWakXyF6z-mjtA
• LinkedInlinkedin.com/company/unchainedcapital
• Xx.com/unchainedcom

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds6 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Unchained