How does institutional digital asset custody differ from traditional custodial services?

1 answers

• David LopezFeb 07, 2023 · 3 years ago
  Institutional digital asset custody differs from traditional custodial services in several ways. Firstly, institutional custody focuses on safeguarding digital assets, which are intangible and exist solely in digital form, while traditional custodial services primarily deal with physical assets. Secondly, institutional custody often incorporates advanced technologies like blockchain and encryption to enhance security and transparency, whereas traditional custodial services may rely on more traditional security measures. Additionally, institutional custody providers may offer specialized services like asset management and reporting, tailored to the unique needs of institutional investors. Overall, institutional digital asset custody is a specialized form of custodial service that addresses the unique challenges and requirements of managing digital assets in a secure and compliant manner.
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