**Asigna Secures $3M Funding and Unveils Bitcoin Multisig v2 Upgrade**
Asigna, a leading operator of smart multisig vaults for Bitcoin, has successfully raised $3 million in a funding round spearheaded by Hivemind and Tykhe Block Ventures, with additional contributions from Sats Ventures, Trust Machines, and others. This funding follows an earlier pre-seed round led by Portal Ventures.
The co-founder of Asigna, Viven, emphasized the importance of their platform, stating, “With Asigna, we are establishing foundational infrastructure for institutions and large holders to securely and confidently participate in the evolving Bitcoin ecosystem.” He highlighted the pressing demand for robust, transparent, and programmable non-custodial solutions, positioning multisig infrastructure as central to this transformation.
In conjunction with the funding announcement, Asigna is launching its v2 upgrade, which introduces support for Embedded Apps and a developer SDK. This enhancement allows developers to seamlessly integrate multisig functionality into Bitcoin applications. Kayla Phillips, Senior Investment Principal at Hivemind Capital, remarked, “Asigna’s innovative approach to Bitcoin security and its seamless integration with Layer-2 protocols make it a game-changer for institutional investors.”
The v2 upgrade also features a custom dashboard, BTC swaps, and new tools such as the Connection SDK and Multisig SDK, facilitating vault creation, transaction management, and app integration. Additional functionalities include sub-accounts, email notifications, governance options, customizable signer permissions, privacy mode, and advanced UTXO management.
Vlad, another co-founder of Asigna, pointed out the unique aspects of their platform: “Unlike many other on-chain smart wallet implementations, it is fully native to the Bitcoin layer, with no smart contract risks. We don’t directly interact with private keys, allowing account owners to use any wallet to sign their transactions. This means these multisig wallets can never be frozen or lost, regardless of what happens to Asigna.”
With Bitcoin recently achieving a market cap of $2.2 trillion and a burgeoning DeFi sector boasting over $6 billion in Total Value Locked (TVL), Asigna plans to utilize the new funding to enhance client access to DeFi and yield generation through staking and lending, all delivered with a premium service.
**FAQ**
**What is Asigna’s new Bitcoin Multisig v2 upgrade?**
Asigna’s v2 upgrade enhances its multisig vaults with features like Embedded Apps, a developer SDK, and improved transaction management tools, aimed at providing secure and efficient solutions for Bitcoin users.
