Custody is well understood in the context of the modern financial system, however, in the digital realm it is still emerging. In the world of digital currencies, forgetting a private key can be nothing short of calamitous — without that all-important alphanumeric phrase, cryptocurrencies like Bitcoin and Ether can be lost forever.

According to Fidelity Digital Assets; “For institutions, the most pressing unanswered question is how — if they choose to hold digital assets for their customers — these assets will be secured. The answer is that full- service institutional custody solutions are needed — solutions as equally robust as those provided for traditional assets.”