Bitcoin self-custodian Casa announced Tuesday that it has raised $21 million to add financial identity features to its signature wallet product.
Casa is building what it calls a "self-custodial" bitcoin wallet, where users retain control over their private keys. This differs from the custody model used by exchanges that take control of the crypto asset, and is favored by Bitcoin followers who live by the mantra "be your own bank."
Once the new round is complete, Casa plans to link wallets more closely to their owner's digital fingerprint. Its new "Casa API" will help companies like Swan Bitcoin and Choice IRA authenticate their customers' financial identities when approving loans or making retirement investments, according to a press release.
The round was led by Acrew Capital, with contributions from Positive Sum Ventures, Naval Ravikant and Scott Belsky, a press release said. Last February, Casa received $4 million in seed funding.
"Our investors will play a critical role in the coming years in driving the global self-sovereignty revolution and ensuring that we continue to advance the industry by delivering new solutions - like Casa API - that increase the wealth, utility and, most importantly, security of Bitcoin," Neuman said in a press release.