Virtual Asset Management

Definition ∞ Virtual asset management encompasses the comprehensive oversight, administration, and strategic deployment of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and other tokenized instruments. This involves secure storage, transaction execution, portfolio optimization, and adherence to regulatory requirements. Effective management seeks to maximize asset value while mitigating associated risks.
Context ∞ Virtual asset management is a rapidly growing sector frequently covered in crypto news, driven by increasing institutional and retail participation in digital asset markets. Discussions often center on evolving custody solutions, compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, and the development of sophisticated tools for portfolio tracking and risk assessment in this nascent asset class.