On-chain custody protocol Safe, formerly known as Gnosis Safe, announced a strategic partnership with Sygnum Bank and Coincover to offer an innovative crypto recovery service called “Safe RecoveryHub.”
Safe Collaborates with Sygnum Bank and Coincover to Launch Crypto Recovery Service
This optional service increases the security and flexibility of crypto asset management by providing users with a variety of recovery options.
Safe RecoveryHub covers a range of recovery methods that allow users to choose between self-storage and social recovery options based on individual risk preferences.
In the case of asset recovery, users can leverage designated recoveries, which may include personal backup devices, family members, friends, or other collaborators.
In addition, the recovery process may also involve trusted third parties such as Sygnum Bank and Coincover, offering a more formal and institutional approach to asset recovery.
Lukas Schor, co-founder of Safe, underlined Safe RecoveryHub's user-centered approach and said:
“Users are empowered to optimize a key recovery solution to fit their personal risk preferences, rather than making a binary choice between a self-storage or custody experience.”
*This is not investment advice.
