Are Your Digital Assets Under Safe Custody?
15 April 2020 — Are your digital assets under safe custody?
Demand for independent custodians for digital securities is rising as STO continues to gain interest from big institutional players.
Regulators are working closely with digital custody service providers to bring more clarity over the appropriate requirements for managing digital assets.
Although blockchain, the technology underpinning digital assets guarantees a secure environment, digital assets are continuously plagued by security issues especially in centralized entities platforms. In addition, self-custody remains the riskiest among all custody options due to human error.
Regardless, whether for reducing risk or regulatory compliance, it will be important for you to realise the variety of custody options available, so as to take on a “safer” ride on your next wave of digital asset investment! – by Ian Fong