Casa unveils ‘Praetorian’ self-custody service for nation-states
Casa, a crypto custody company, has launched a self-custody service named Praetorian specifically designed for nation-states. This service aims to enable sovereign powers to maintain secure control over their Bitcoin reserves using multi-signature crypto vaults that are distributed across different jurisdictions with military-grade encryption. Nick Neuman, CEO of Casa, emphasized the importance of nations taking self-custody of their private keys to ensure autonomy over their reserves. The service guarantees that security and self-autonomy will be preserved, regardless of Casa's operational status. This development comes amid a growing discussion around the establishment of Bitcoin reserves by various states, with figures like Anthony Pompliano suggesting that nation-states may engage in competition for Bitcoin as a scarce, decentralized asset. Additionally, conversations among U.S. policymakers and city leaders, including Vancouver Mayor Ken Sim, have highlighted the financial strategies involving Bitcoin to hedge against inflation and strengthen economic resilience.
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