The Chainsmokers Led VC Fund Invests in Bitcoin Self-Custody Solutions

21 May, 2020 Updated 22 May, 2020

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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on X at @nivishoes or mail him at nivesh(at)coingape.com

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The Venture Capital firm, Mantis VC, founded by American electronic DJ and music composer duo Alexander “Alex” Pall and Andrew “Drew” Taggart, The Chainsmokers announces an undisclosed investment in CasaHodl.

Casahodl offers Bitcoin self-custody services for individuals, families and businesses. It is one of the leading providers of multi-sig wallets, running Bitcoin nodes, and design for protection against theft and loss of Bitcoins. CasaHodl targets high net worth individuals and family offices to securely store and manage their Bitcoins.

Casa CEO Nick Neuman, mentioned in the press release,

“I’m incredibly excited to be working with Milan, Alex, Drew, and the rest of the Mantis Team. In the month following Mantis’ investment, the team has already provided invaluable insights on a variety of subjects including educating a mass consumer audience about Bitcoin.”

CasaHodl is designed by Bitcoin and privacy expert Jameson Lopp. Apart from Mantis, other venture investments include StillMark, Castle Island Ventures (led by popular crypto analyst, Nic Carter), Lerer Hippeau, CSO of Coinshares, Meltem Demirors and Precursor Ventures.

Mantis is know to leverage the popularity and reach of the band to harbor growth of it’s investment portfolios. The Grammy Award-winning artists, The Chainsmokers, set out to invest about $50 million in early tech and blockchain start-ups via the Venture Fund in 2019. With this strategic move, Casa and Mantis will look to get global investors on-board.

Currently, Bitcoin investments project tremendous potential. However, security, privacy and protection against unforeseen circumstances continue to act as a deterrent for new investors.

Do you think that solutions like Casahodl can lead the way to Bitcoin adoption or not? Please share your views with us.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.