Unchained Raises $60 Million in Funding for Bitcoin Financial Services Expansion

Unchained, a Texas-based financial services firm that offers multisignature vaults and loans for bitcoin holders, has raised $60m in a Series B funding round led by Valor Equity Partners. Founded in 2017, Unchained provides cold storage vaults to help users securely control their bitcoin, along with a suite of integrated financial services such as a trading desk, bitcoin-backed loans, and bitcoin retirement accounts. 

Valor’s early investments in innovative companies such as SpaceX and Tesla, and their growth investments in BitGo, Lightning Labs, Crusoe Energy, and now Unchained, demonstrate their commitment to the bitcoin ecosystem. Unchained plans to double-down on existing bitcoin products and launch new USD-denominated services for clients to truly own their wealth. 

Vivek Pattipati, a partner at Valor and new member of Unchained’s board, praised the company for its superior technology, risk management, regulatory compliance, and client service.