Definition ∞ This is a single account held by an intermediary, such as a broker or custodian, that pools the assets of multiple underlying clients without individually identifying each client to the ultimate counterparty. It simplifies transaction processing and record-keeping for the intermediary. While efficient, it can obscure direct client ownership from third parties.
Context ∞ The use of omnibus accounts in the digital asset sector presents both efficiencies and regulatory challenges, particularly concerning transparency and client asset segregation. Discussions frequently address how these accounts align with anti-money laundering requirements and investor protection mandates, especially when dealing with crypto holdings.
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