Key Escrow

Definition ∞ Key escrow is a security procedure where cryptographic keys are held by a trusted third party. This arrangement allows for key recovery or access under specific, predefined conditions, such as in cases of user incapacitation or legal requirement. It provides a mechanism for authorized access to encrypted data when the primary key holder cannot provide it.
Context ∞ The concept of key escrow is a point of contention and discussion in discussions surrounding digital asset security and privacy regulations. News often highlights debates about its potential to enable lawful access to encrypted communications and assets, versus concerns about centralized control and potential misuse, which directly impacts the perceived security and censorship resistance of digital asset custody solutions.