Crypto custodians are one of the important pieces to the puzzle for mass institutional adoption of bitcoin (BTC) and other cryptoassets. They enable investors to store their digital assets with regulated third-party custody providers.
Read on to discover a list of some of the leading crypto custody providers.
A crypto custodian is a financial services company that stores digital assets on behalf of investors.
Institutional investors are typically required to store their securities and assets with qualified custodians, which is why the introduction of crypto custody providers has been a game-changer for the institutionalization of bitcoin.
Professional and institutional investors generally prefer not to manage their own private keys to reduce the risk of loss of funds due to theft, operational errors, or technical mishaps.
Now, let’s take a look at several leading crypto custody providers you could use to store your digital assets.
Anchorage is a full-service financial platform and infrastructure provider for the digital asset space. Founded in 2017, Anchorage provides institutions with access to a range of crypto services, including crypto custody, trading, financing, staking, and governance services.
As the first federally chartered crypto bank in the United States, Anchorage is forming a bridge between the more traditional banking system and the emerging digital asset space.
For their crypto custody customers, an added layer of security comes through insurance that protects the digital assets all through their custodial life cycle.
Heavily-backed crypto platform Bakkt also offers crypto custodian services protected by insurance.
Bakkt protects its customers' assets through an insurance cover to the tune of USD
Read more on cryptonews.com