Key Management Standard

Definition ∞ A key management standard establishes a set of guidelines and best practices for the secure generation, storage, distribution, and revocation of cryptographic keys. Adherence to such a standard is critical for protecting digital assets and sensitive information within blockchain and cryptocurrency systems. These standards help mitigate risks associated with key compromise or loss.
Context ∞ Key management standards are frequently referenced in security audits and discussions surrounding institutional adoption of digital assets. News often highlights the importance of robust key management when reporting on hacks or when new regulatory frameworks for digital asset custody are introduced.