- Knowledge Base
- Loan servicing
What happens to my loan if Unchained no longer exists?
Your loan will continue to be serviced, and your collateral will continue to be secured with keys.
Unchained loans are serviced by Bitcoin Collateral Services LLC, a subsidiary that is bankruptcy remote from Unchained Capital, Inc. Bitcoin Collateral Services LLC would continue to operate normally even if Unchained does not.
Any Unchained private keys securing bitcoin associated with loan collateral will be transferred to a new key agent who will assume the responsibilities of signing for future transactions as needed.
Kingdom Trust would continue to be the key agent for all multi-institution loans.
All client keys would remain unaffected by the giant meteor. The devices housing them might need replacing, however.