What is Custody?
Why use a custody service?
Custodial services in the crypto space offer comprehensive solutions for securing digital assets, including fungible and non-fungible tokens (NFTs). They manage private keys on behalf of users, providing institutional-grade security and insurance. These services also offer customizable transaction policies, allowing users to set specific rules and limits for transactions, enhancing control and security. Additionally, compliance-focused features ensure adherence to regulatory requirements (i.e anti-money laundering), providing a secure and legally compliant environment for managing digital assets. Some providers also offer MPC (multi-party computation) tooling, which distributes risk by splitting private keys among multiple parties, further enhancing security.