Locked.Money Raises $1.1M for Trustless Digital Asset Vaults with Unparalleled Legal Support
Disruptive blockchain startup Locked.Money announced that it had raised over $1.1 million in seed and private rounds from within its community for its trustless digital asset management solution. Implementing cutting-edge trustless vaults to safeguard crypto investors’ digital assets, Locked.Money combines the benefits of custodial and noncustodial solutions, giving users full control of their assets while granting them access to sophisticated legal frameworks, unparalleled tax benefits, and best-in-class asset protection.
As the decentralized finance (DeFi) sector continues to grow with ~$100 billion of total value locked (TVL) in its various protocols, so does the need for improved custody and asset management for users. A lack of regulatory clarity, tax complexity, and losses from security breaches or user error often prevent crypto investors from realizing their digital wealth potential. Locked.Money addresses these challenges by combining the security of cold storage with the benefits of traditional finance providing a secure, tax-efficient, and user-friendly service that meets the rising needs of crypto investors.
With trustless vaults that do not involve intermediaries or middlemen and are compatible with a wide range of digital assets, wallets, and tooling, users retain full control of their assets while avoiding personally realizing gains when trading through Locked.Money vaults. Locked.Money operates in a zero-tax jurisdiction and their trustless vaults are not subject to capital gains taxes. Users can even benefit from additional tax deductions depending on individual circumstances.
In addition to secure, transparent digital asset management and ultimate tax efficiency, Locked.Money provides a robust layer of
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