Swan Bitcoin Acquires Self-Custody Business Specter Solutions

Launches Specter Labs division focusing on open source, privacy, and self-custody

CALABASAS, Calif., Sept. 28, 2022 /PRNewswire-PRWeb/ -- Swan Bitcoin announced today the acquisition of Specter Solutions, a leader in self-custody solutions for Bitcoiners. The acquisition expands Swan's alignment with core Bitcoin principles by focusing on open source and privacy-oriented tools that help Bitcoiners secure their holdings in the best way possible.

"Do the best thing for Bitcoin and Bitcoiners' has always been our guiding principle," said Swan Founder and CEO Cory Klippsten. "Our mission is to help create the next ten million Bitcoiners and walk with them on their journeys to freedom, prosperity, and self-sovereignty. Joining forces with Specter is a huge boost toward achieving this mission."

Over the past three years, Swan built one of the industry's best education and product teams and grew a successful platform for onboarding individuals, corporations, trusts, IRAs, financial advisors, and employers to Bitcoin. Our free and automatic withdrawals encourage self-custody, our automated savings plans develop long-term thinking, and our ongoing education helps people understand the value of holding their Bitcoin keys.

The launch of Specter Labs will add end-to-end services on client's Bitcoin journeys from complete beginner to self-sovereign Bitcoiner by providing deep integrations with Specter's leading self-custody solution and other tools over time.

"In recent years we have been very impressed with Swan's work," said Moritz Wietersheim, co-founder and CEO of Specter. "We have found strong alignment with the Swan team. Our products and tools fit extraordinarily well together. We look forward to building products for Bitcoiners and continuing our journey to a bright orange future."

Swan and Specter believe It is critical that the Specter project remains open source, so clear guidelines and principles have been established. Swan will provide engineering support and some product direction. Specter's open source desktop project does not, and will not have any default network connections to Swan or customer identification (KYC) features. Specter does not and will not track users in any way unless they opt into features that are clearly labeled integrations.

The Specter desktop client will continue to be usable with complete independence from Swan, or in conjunction with it, per the user's preference. The Specter Desktop wallet shall remain an open source project under the existing MIT License.

Swan is excited to join forces with the Specter team to deliver the industry's best end-to-end Bitcoin journey.

For media inquiries, please contact Sarah Cohen at (310) 260-7901 or Sarah(at)MelrosePR(dot)com.

About Swan Bitcoin
Swan Bitcoin is dedicated to helping people understand Bitcoin and what it represents for our future. Swan produces high quality Bitcoin education and takes pride in excellent, accessible customer service. Swan.com is the best way to accumulate Bitcoin with recurring and instant buys. Swan Private Client Services helps high net worth individuals and entities build generational wealth around the world. Swan's Advisor Services platform is an easy and secure way for financial advisors to provide their clients direct exposure to actual Bitcoin. For more information, visit Swan.com.

Media Contact

Sarah Cohen, Melrose PR, 310-260-7901, sarah@melrosepr.com

SOURCE Swan Bitcoin