Understanding Crypto Custodians: Proliferation Continues

As cryptocurrencies and other digital assets move increasingly into the mainstream of finance, custodians of those assets move to the fore. With digital assets, challenges are often rooted in regulation and the implementation of technology, making custody fundamentally different from how traditional assets are kept safe. With more institutions exploring various private and public blockchains and their related digital assets, there is a heightened need to understand custody solutions, risks, and tradeoffs. 

This Javelin Strategy & Research report digs into the landscape of digital assets and their custodians, laying out the considerations financial institutions and other companies should examine as they assess which custodians are best positioned to provide the services they need. These considerations include storage methods, insurance coverage, and the full product suite. In addition, institutions should ensure that a custodian’s technology integrates seamlessly into existing systems.

Key questions discussed in this report: 

• What is cryptocurrency custodian, and why is that role important? 
• What types of custodians are there? 
• Why should companies pay attention to crypto custodians?

Companies Mentioned: 

Anchorage Digital, Bitgo, Coinbase, Copper Co, Fidelity, Fireblocks, Gemini, Ledger, Metamask, Nydig, Paxos