Definition ∞ A custody platform is a service designed to securely store and manage digital assets on behalf of individuals or institutions. These platforms provide robust security measures, including cold storage solutions and multi-signature authentication, to protect assets from theft or loss. They typically offer services such as transaction processing, reporting, and compliance support. Institutional investors often rely on such platforms for secure asset management.
Context ∞ News about custody platforms often centers on institutional adoption of digital assets and the regulatory landscape surrounding secure asset holding. The availability of regulated and insured custody solutions is a critical factor for traditional financial entities entering the cryptocurrency market. Debates frequently involve the trade-off between self-custody and the security and convenience offered by professional platforms.
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