- Casa has launched a brand new API that may allow third-party companies to work together with Casa wallets whereas customers preserve full management of their personal keys.
- The firm additionally introduced it had raised $21 million in a sequence A funding spherical to assist it additional develop its security-focused Bitcoin services and products.
- Casa raised $4 million in seed funding in February.
Bitcoin firm Casa has introduced a brand new utility programming interface (API) to combine wallets leveraging its platform with third-party monetary services and products, per a press launch despatched to Bitcoin Magazine.
The API will permit builders of third-party organizations to combine with Casa wallets whereas permitting customers to preserve full management over their personal keys. Users can be ready to affirm monetary data for conditions together with taking out loans, managing retirement investments and routinely depositing bitcoin to their Casa self-custody setup.
“Bitcoin and traditional financial services have a shared destiny: they are increasingly converging, and we’re seeing hugely increased demand for solutions that tie the two ecosystems together,” mentioned Casa co-founder and CEO Nick Neuman.
Many of the considerations throughout the bitcoin ecosystem revolve round correct key administration, the follow of securing the keys to one’s bitcoin funds and managing its backups.
When customers work together with platforms like bitcoin exchanges, custody of these keys is usually surrendered to the trade, which means customers lose management of their cash.
“That’s why we created Casa API, which makes it easy for trusted organizations to start integrating with Casa customers’ wallets – all while the customer continues to hold the keys,” mentioned Neuman.
The announcement of the brand new API is paired with a $21 million sequence A elevate led by Acrew Capital. Positive Sum Ventures, Naval Ravikant, Scott Belsky, Avon Ventures, Stillmark, Tioga Capital, Castle Island Ventures and Lerer Hippeau additionally participated within the spherical.
“Our investors will play a crucial role in driving the global self-sovereignty revolution in the years to come, ensuring we continue to drive the industry forward by delivering new solutions — like Casa API — that add to the richness, utility and, above all, security of Bitcoin,” mentioned Neuman.