Circuit unveils recovery system to solve crypto’s ‘permanent loss’ conundrum
“Most people aren’t equipped for true self-custody,” said Circuit’s founder and CEO, Harry Donnelly.
While Bitcoin (BTC) is often heralded as the ultimate bearer asset, not everyone is prepared for self-custody in a world where convenient and seemingly trusted intermediaries still play a major role.
Circuit, an enterprise-grade recovery solution for digital assets, is betting that more institutions will turn to its recovery system to protect against catastrophic losses.
On Monday, the company announced the public launch of its institutional crypto recovery engine, powered by its Automatic Asset Extraction (AAE) technology. The system automatically transfers assets to a pre-authorized secure vault if a private key is lost or a threat is detected.