Blockstream has launched an institutional Bitcoin custody system with Thales, combining dedicated hardware security modules with Secure-MPC. CEO Adam Back says simpler offline signing is critical as connected custody infrastructure faces increasingly sophisticated attacks.

  • Thales HSMs keep the full signing protocol inside protected hardware
  • Blockstream targets institutions seeking Bitcoin cold-storage security without conventional MPC complexity
  • The system is live now, with no token or airdrop attached

LaunchBar take: this is infrastructure alpha, not retail hype. If institutional BTC adoption accelerates, hardened custody becomes a quiet but essential bottleneck—and Blockstream is positioning directly inside it.