Jonny Fry Posted
Custody of digital assets: an inflection year in 2023?
Written by Kam Patel CEO of Custodiex
Definition of digital asset custody
According to the Alternative Investment Management Association (AIMA), the concept of digital asset custody revolves around the safekeeping of a private key. Its membership understands that as private keys are used to store, manage and transfer digital assets by the owner and help with the decryption of messages and authentication of transactions, they represent a single point of failure in the system.
The trilemma for financial institutions adopting custody of digital assets has always been security, speed and scalability. One of these...
Written by Kam Patel CEO of Custodiex
Definition of digital asset custody
According to the Alternative Investment Management Association (AIMA), the concept of digital asset custody revolves around the safekeeping of a private key. Its membership understands that as private keys are used to store, manage and transfer digital assets by the owner and help with the decryption of messages and authentication of transactions, they represent a single point of failure in the system.
The trilemma for financial institutions adopting custody of digital assets has always been security, speed and scalability. One of these...