Multi-Institution Custody (MIC)
Multi-institution custody is a Bitcoin custody model in which private keys are distributed across multiple independent institutions in a multisignature arrangement, with no single institution able to unilaterally access or move the client's Bitcoin.
In a typical 2-of-3 MIC setup, three separate institutions each hold one key, and any two must independently authorize a transaction. The client retains full control through authorization while the operational complexity of key management is handled by the institutions. MIC provides institutional-grade security, inheritance planning, and the operational infrastructure to manage key migrations as technology evolves.
Multi-institution custody is a Bitcoin custody model in which private keys are distributed across multiple independent institutions in a multisignature arrangement, with no single institution able to unilaterally access or move the client's Bitcoin.
Frequently Asked Questions
What is Multi-Institution Custody?
Multi-institution custody is a Bitcoin custody model in which private keys are distributed across multiple independent institutions in a multisignature arrangement, with no single institution able to unilaterally access or move the client's Bitcoin.
How does Multi-Institution Custody work?
In a typical 2-of-3 MIC setup, three separate institutions each hold one key, and any two must independently authorize a transaction. The client retains full control through authorization while the operational complexity of key management is handled by the institutions.
What are the security implications of Multi-Institution Custody?
MIC provides institutional-grade security, inheritance planning, and the operational infrastructure to manage key migrations as technology evolves.
