Definition ∞ Shared key management involves the collective administration of cryptographic keys by multiple authorized parties. This approach enhances security by distributing control and reducing the risk associated with a single key holder. It ensures that no individual can unilaterally access or control sensitive digital assets or systems. Proper implementation requires robust protocols and clear operational procedures.
Context ∞ Shared key management is a vital topic in crypto news, particularly concerning the security of institutional digital asset custody and decentralized governance. Discussions often highlight multi-signature schemes and threshold cryptography as methods for achieving this. The ongoing challenge involves balancing security with operational efficiency and usability.