LONDON 22 November 2023 – Coincover, the blockchain protection company, has joined forces with Utila, a cutting-edge enterprise-grade crypto operations platform. This strategic partnership brings together Coincover’s renowned protection solutions and Utila’s secure, non-custodial wallet infrastructure.
The Utila platform provides a comprehensive and user-friendly approach to crypto asset management, with personalised wallet infrastructure that simplifies day-to-day crypto management for institutions. The new partnership with Coincover offers a new MPC (Multi-Party Computation) solution that aims to simplify institutional access to crypto.
Utila customers will have access to Coincover’s third-party recovery technology. With access to an added layer of protection, Utila customers can confidently utilise a self-serve key backup solution that removes the complexity and concerns surrounding potential lost access to funds. This partnership empowers Utila customers to take control of their digital assets while enjoying the peace of mind that comes with Coincover’s protection.
The onboarding process is seamless and Utila customers can easily select Coincover as their backup provider without the need for complex referral procedures. This streamlines the setup of crypto businesses and removes entry barriers, helping to stimulate institutional involvement in crypto.
Ridhima Durham, Chief Commercial Officer, Coincover, says “Our partnership with Utila is groundbreaking. Customers benefit from industry-leading blockchain protection technology whilst enjoying the extra perk of self-servicing key backup through Utila’s platform. It’s the perfect blend of top-tier recovery and an effortless user experience, making the journey smooth and seamless.”
Bentzi Rabi, Co-Founder and CEO, Utila, commented on the partnership “At Utila, we’re genuinely excited about our new partnership with Coincover. CoinCover’s unrivalled expertise in crypto asset security perfectly aligns with our commitment to easily safeguarding our users’ keys and digital assets. By enabling our customers to secure their key backup with Coincover for all of their keys created and managed via Utila, we’re poised to take our enterprise-grade wallet to even greater heights, ensuring our clients enjoy the highest level of protection and peace of mind in their crypto endeavours.”
This collaboration signifies a major step forward in providing a comprehensive solution for crypto asset management, combining recovery expertise with an advanced wallet infrastructure. Both Coincover and Utila anticipate that this partnership will contribute to greater trust, security, and ease of use in the evolving landscape of digital asset management.
About Coincover
Blockchain technology is changing everything. However, it brings its own set of unique risks. Coincover exists to ensure everyone is protected, enabling them to innovate freely, without constraints.
Coincover provides a complete blockchain protection solution, addressing the most significant barrier to mainstream adoption: trust. Our protection solutions ensure that access and assets are never lost.
Founded in 2018 and backed by leading investors, Coincover protects over 350 of the biggest names in blockchain, including Fireblocks, BitGo, and Ledger, keeping them and their customers safe from theft, hacking, and human error.
Visit www.coincover.com for more information.
About Utila
Utila is a leading enterprise-grade crypto operations platform trusted by numerous organizations to streamline and enhance their digital asset management including a multi-chain secured wallet management, robust policy engine, and various integrations to TradFi, decentralized applications, and centralized exchanges.
The uniqueness of the solution is the seamless user experience, setting up an account takes less than a minute, configuring organizational policies and backup management are fully self-served.
Backed by a prestigious group of investors, including NFX, Wing, Framework, Balaji Srinivasan, and many others, Utila is the trusted partner for teams managing digital assets.
Visit utila.io for more information.
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