Definition ∞ Fiduciary services involve acting on behalf of another party in a position of trust, managing assets or providing advice with the utmost loyalty and care. A fiduciary is legally and ethically bound to act in the best interest of their client. These services typically encompass asset management, trust administration, and investment advisory roles. They require adherence to high standards of conduct and disclosure.
Context ∞ The provision of fiduciary services for digital assets is a growing area, with traditional financial institutions and specialized crypto custodians adapting their offerings. A critical discussion revolves around the unique challenges of securing and managing digital assets under fiduciary duties, including issues of custody, cybersecurity, and regulatory compliance. The expansion of these services is crucial for attracting institutional investment into the digital asset market.
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