Unchained Capital offers cash loans to US individuals and businesses who provide Bitcoin as collateral.
We’re using industry best practices and a
solid and secure stack to protect your assets.
We use unique per-customer, per-loan multi-signature P2SH addresses for all collateral held in vaults. We use hierarchical deterministic (HD) hardware wallets to store our private keys on hardware devices and we use well-tested, industry-standard open-source software to author and audit our transactions.
We maintain an internal security policy and ensure that all personnel are trained to conform to it.
Our hardware wallets are in geographically-separated locations and must be simultaneously accessed to authorize spending. Wallet seeds are stored in physically secure locations separate from the wallets they restore.
We employ high-level security throughout our IT infrastructure in accordance with PCI-compliance standards.
We operate within a secure, private, firewalled network. All data is encrypted en route to/from and within our environment (at motion as well as at rest) using industry-standard AES-256 encryption. We require two-factor authentication (2FA) to access all sensitive resources.
Employees are uniquely identified within our environment by a centralized identity management infrastructure. All access to all systems is controlled by this infrastructure and limited and minimal. We aggressively monitor all traffic to/from and within our environment and keep access, system, and application logs (tied to user/system/employee identifiers) indefinitely.
What happens to my collateral during my loan?
Once approved, we will generate an address in our cold storage vault dedicated to your loan. You will send your collateral to this address.
Funds will remain in this address for the duration of your loan. You will be able to monitor the balance at any time using our website or any other block explorer you wish.
For maintenence reasons, we may move the funds from the original vault address to another vault address. You will be notified in advance in such a scenario.
We do not leverage your collateral for other products or services (no fractional-reserve lending).
When you close your loan and repay your principal, your collateral will be returned to an address of your choosing.
If your loan enters default at any time, we will be forced to liquidate a portion of your collateral in order to cover our principal cost and any unpaid interest. Any remainder will be returned to an address of your choosing.
How does Unchained Capital store collateral?
We maintain a multisig cold wallet backed by hardware wallets. These hardware wallets are PIN/password protected and operated by authorized signing staff in multiple US cities.
Vault addresses we provision from our multisig cold wallet are single-purpose and dedicated to each customer loan.
At no point does customer collateral reside in a network-connected (hot) wallet of any kind.
Unchained Capital does not automate withdrawals of collateral. All transactions require intervention and coordination of multiple executives and authorized signing staff.
Sign up for updates.