Casa launches Covenant Bitcoin inheritance service
Casa launched its Covenant inheritance product in February 2020, combining multisignature Bitcoin custody with an estate-recovery process designed to let heirs recover funds without giving Casa unilateral control.
Casa later confirmed that, after roughly eighteen months of research and development, it launched Casa Covenant in February 2020. The product addressed a problem that becomes more important as Bitcoin is held for decades: how an owner can preserve self-custody during life while still leaving heirs a workable recovery path after death.
Covenant used Casa’s multisignature model rather than a single company-held recovery key. That design tried to balance two competing risks—an inheritance arrangement that is too difficult for heirs to execute, and one that gives a custodian enough power to seize or prematurely release the bitcoin.
The launch was a sign of a maturing custody ecosystem. Bitcoin products were increasingly being built not only for acquisition and trading, but for long-term ownership questions such as succession, key recovery and intergenerational transfer.