Security First International Holdings, Inc. Forges Groundbreaking Joint Venture with BTCx Developers to Establish Shareholder-Backed, Non-Custodial Bitcoin Treasury Reserve
Rhea-AI Summary
Security First International Holdings (OTC:SCFR) has announced a strategic joint venture with the BTCx Developer Team to implement an innovative Bitcoin treasury management system. The groundbreaking partnership introduces a unique "shareholder-backed derivative reserve" model where SCFR shareholders can voluntarily contribute Bitcoin to a secure MPC vault while maintaining custody of their private keys.
Participating shareholders will receive BTCx tokens at a 1:1 peg with their locked Bitcoin. SCFR's treasury will then acquire these BTCx tokens, gaining Bitcoin exposure while preserving decentralization principles. The system features enhanced security through multi-party computation vaults and decentralized proof-of-reserve protocols, managed by BTCx developers.
Positive
- Innovative treasury management system allowing Bitcoin exposure while maintaining decentralization
- Shareholders retain control of private keys through non-custodial backing mechanism
- Enhanced liquidity potential through BTCx token integration
- Possibility for additional yield generation through DeFi integrations
Negative
- Complex structure may pose implementation challenges
- Reliance on voluntary shareholder participation for the backing mechanism
- Dependency on BTCx token's continued stability and adoption
News Market Reaction 1 Alert
On the day this news was published, SCFR declined 0.21%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
FORT LAUDERDALE, FL / ACCESS Newswire / August 4, 2025 / Security First International Holdings, Inc. (OTC:SCFR), a diversified holding company with a focus on innovative financial solutions, today announced a strategic joint venture with the BTCx Developer Team, the creators of BTCx, a leading Bitcoin derivative token. This partnership aims to pioneer a revolutionary model for corporate treasury management, allowing Security First to integrate Bitcoin exposure into its balance sheet while empowering its shareholders with a unique non-custodial backing mechanism.
This groundbreaking initiative will enable Security First International Holdings, Inc. to utilize BTCx as a core component of its corporate treasury reserves. What sets this venture apart is the innovative "shareholder-backed derivative reserve" model, designed to align the company's digital asset strategy with the principles of decentralization and individual asset control.
Under this model, participating Security First shareholders will have the unprecedented opportunity to voluntarily contribute their native Bitcoin (BTC) to a highly secure, transparent, and auditable multi-party computation (MPC) vault or a decentralized proof-of-reserve protocol managed by the BTCx developers. Crucially, these shareholders will retain ultimate control over their private keys through advanced cryptographic techniques, ensuring they never relinquish sole custody of their underlying Bitcoin. In return for their participation, these shareholders will receive newly minted BTCx tokens directly to their personal wallets, maintaining a verifiable 1:1 peg with their locked BTC.
Security First's corporate treasury will then acquire BTCx tokens, which are directly backed by this collective, shareholder-controlled Bitcoin reserve. This innovative structure provides Security First with Bitcoin price exposure and the flexibility of a tokenized asset, while offering unparalleled transparency and aligning directly with the self-custody ethos valued by the crypto community.
"This joint venture with the BTCx Developer Team represents a monumental leap forward for corporate treasury management and shareholder empowerment," said Brian Fowler, CEO of Security First International Holdings, Inc. "We are not just adding Bitcoin to our balance sheet; we are doing so in a way that respects the foundational principles of decentralization and individual ownership. By allowing our shareholders to non-custodially back our BTCx reserves, we are building a treasury strategy that is both secure and deeply aligned with our investor base, setting a new standard for public companies embracing digital assets."
The BTCx Developer Team brings robust blockchain infrastructure and expertise in maintaining the integrity and peg of the BTCx token. This collaboration will ensure the highest levels of security, transparency, and auditability for the underlying Bitcoin reserves.
Lead Developer for the BTCx Team, commented, "We are thrilled to partner with Security First International Holdings, Inc. on this visionary project. Their commitment to a non-custodial, shareholder-aligned treasury model perfectly showcases the power and flexibility of BTCx. This initiative will not only bolster Security First's financial strategy but also serve as a powerful testament to the utility and trustworthiness of tokenized Bitcoin in institutional settings."
The joint venture is expected to provide Security First with enhanced liquidity for its digital asset holdings, potential for yield generation through DeFi integrations enabled by BTCx, and a clear, auditable pathway for Bitcoin adoption. For shareholders, it offers a unique opportunity to support the company's growth while maintaining direct control over their Bitcoin.
About Security First International Holdings, Inc.:
Security First International Holdings, Inc. (OTC:SCFR) is a diversified holding company focused on identifying and developing innovative solutions across various sectors. With a commitment to security, transparency, and technological advancement, SCFR seeks to create long-term value for its shareholders through strategic investments and groundbreaking partnerships.
Contact:
Brian Fowler
CEO
brian@scfrholdings.com
https://yieldtether.com
SOURCE: Security First International Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
How does Security First's (SCFR) new Bitcoin treasury reserve system work?
What benefits does the SCFR-BTCx joint venture offer to shareholders?
How does SCFR ensure the security of shareholder-contributed Bitcoin?
What makes SCFR's Bitcoin treasury approach different from other companies?
What additional benefits does the BTCx integration provide to SCFR?
