Non-custodial describes a system, service, or wallet where the user retains exclusive control over their private keys and, consequently, their digital assets, without relying on a third party to hold them. This design principle maximizes user autonomy and reduces counterparty risk. It stands in contrast to custodial solutions where a third party manages assets.
Context
News often emphasizes non-custodial solutions when discussing self-sovereignty, security best practices, and the risks associated with centralized exchanges or lending platforms. The principle of “not your keys, not your coin” is a common refrain in discussions about non-custodial approaches. Developments in non-custodial technology aim to improve both security and user experience.
Mutuum Finance introduces flexible, non-custodial lending via mtTokens, attracting over 16,600 holders and $16.5 million in presale funding for a new DeFi primitive.
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