Crypto custody services provide secure storage and management solutions for digital assets on behalf of individuals or institutions. These services typically involve advanced security measures, such as multi-signature wallets, cold storage, and robust operational procedures. Their purpose is to protect digital assets from theft, loss, or unauthorized access. They cater to entities that require professional-grade security for substantial holdings.
Context
The conversation around crypto custody services frequently highlights their critical role in increasing institutional participation in the digital asset market. News often covers new regulatory guidelines and technological advancements aimed at enhancing the security and compliance of these offerings. The ongoing challenge involves balancing security requirements with accessibility and ensuring that these services meet stringent audit and operational standards to support broader market acceptance.
The UK's pivot to full FSMA integration mandates a comprehensive, capital-intensive overhaul of compliance and operational architecture for all in-scope crypto firms.
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