Custody Frameworks

Definition ∞ Custody Frameworks are the systems and protocols established for the secure storage and management of digital assets on behalf of individuals or institutions. These frameworks include technical solutions, operational procedures, and legal agreements designed to protect assets from theft, loss, or unauthorized access. They address critical security concerns such as private key management and access control. Reliable custody solutions are essential for institutional participation and investor confidence in the digital asset market.
Context ∞ The discussion surrounding Custody Frameworks currently centers on developing robust security standards and achieving regulatory compliance for digital asset holdings. Innovations include multi-party computation and hardware security modules for enhanced private key protection. A key future development involves the standardization of these frameworks across different jurisdictions to support global digital asset markets. Ensuring the safety of digital assets remains a primary concern for market participants and regulators.