Custody Service Resumption refers to the process of restoring the availability and functionality of asset storage and management services after an interruption. This typically occurs following a security incident, technical outage, or a period of operational suspension. The objective is to safely return client assets to full accessibility and control. This process is a critical aspect of operational continuity.
Context
In the digital asset sector, custody service resumption is a critical aspect of operational resilience and disaster recovery planning, particularly given the immutable nature of blockchain transactions. News often reports on such events following hacks or regulatory interventions, highlighting the importance of robust contingency plans. The industry is working towards establishing standardized protocols for transparent and secure service restoration to maintain investor trust. This ensures confidence in digital asset holding services.
Major bank's custody resumption validates the institutional compliance framework, shifting digital asset risk management from legal uncertainty to operational integration.
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