According to CoinDesk, Unchained Capital, a bitcoin financial services company, completed a $60 million Series B round of financing led by Valor Equity Partners and other investors including NYDIG. The new funds will be used to expand the customer base, improve the existing product suite and expand products. Based in Austin, Texas, Unchained Capital offers a collaborative escrow solution that shares control of a user's Bitcoin between the private keys held by the user and those held by Unchained and other financial service providers. Unchained also offers bitcoin-backed loans and has disbursed more than $500 million in such loans since 2017. Other Unchained services include a trading platform where customers can buy bitcoin directly and an IRA product.