Cryptocurrency Custody Solutions For Institutional Investors

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INTRODUCTION

Cryptocurrency custody solutions basically refers to those platforms and applications specifically created for the purpose of holding, storing and managing digital assets, keeping them safe by all means available and in their disposal from any kind of threat.

You may wonder what is the need for cryptocurrency custody solutions well to answer your question think about the steps you take to protect your valuables, your money, you keep in the bank cryptocurrency is also very valuable and the same way you think to put your moaney in a safe or bank depending on the amount, you also need to use cryptocurrency custody solutions especially as institutional investors.

In this post of mine I will be explaining and discussing some of the popular and trustworthy cryptocurrency custody solutions for basically institutional investors.

• THE COINBASE CUSTODY

Coinbase custody, for the coinbase custody to be mentionable and trustworthy cryptocurrency custody solutions for institutional investors, it must no doubt be popular and have good reputation of possessing robust security protocols and other advanced technological features.

The coinbase custody ensures that the cryptocurrency or assets of its user in this case an institutional investor is kept safe by using or implementing cold storage, cold storage basically involves storing the keys for the assets and cryptocurrency offline, making it immune to hacking.

Another interesting and intriguing thing to know about the coinbase custody is that it also provides and offers an insurance policy covering a little over 300 million dollars of its users or investors assets not only that, the coinbase also is easy to use and offers lending services.

• THE BITGO TRUST COMPANY

The Bitgo trust company too just like any company or platform going into the business of safekeeping and securing the valuable property of someone or group of someones, should have a certain level of security and should be able to assure its users of the safety of their assets.

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Well the Bitgo trust company is cryptocurrency custody solution that has not failed to deliver in this regard as a matter of fact, the bitgo trust company ensures the security of its users assets by implementing security protocols like the multiple signature wallets.

The multiple signature wallets operates in a way that enhances and imoroves security, as the name implies, the wallet requires multiple keys or signature before any financial transaction can be executed or processed and even in the case of theft or asset loss the bitgo trust company offers insurance coverage of 100 million dollars.

• FIDELITY DIGITAL ASSETS

Fidelity digital assets is cryptocurrency custody solution that stems from a previously existing establishment or company with good reputation known as Fidelity Investments, this cryptocurrency custody solution is one that operates on regulatory compliance while still maintaining security.

The fidelity digital asset can also be said to be a cryptocurrency custody solution that helps institutional investors manage and secure their assets by making use of cold storage means or mechanisms for storing its users assets and cryptocurrency.

Additionally, the fidelity digital assets can render more help and services to institutional investors basically owing to the fact that it has connections to fidelity investments which is another company that has made a name for itself in the financial world.

• THE LEDGER VAULT

The ledger vault, this is another cryptocurrency custody solution for institutional investors and out of all the cryptocurrency custody solutions I have mentioned and explained today in this post it is the only one that employs the use or implements a hardware wallet for securing the assets of its users.

You should also know that the ledger vault cryptocurrency custody solutions operates in such a way that its governance and transaction authorization process or protocols can be done or carried out in different number of ways, employing different mechanisms.

Additionally, I should also mention that as plan "b" or in the worst case scenario the ledger valut cryptocurrency custody solutions offers to its users an insurance that covers over a hundred million dollars of their assets it is not as high as the coinbase insurance coverage but still it will still instill confidence in its users.

CONCLUSION

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I would like to thank everyone who made the effort to read and go through this post which I have made, and I hope that you have been able to learn something new as I have explained and discussed the significant and trustworthy cryptocurrency custody solutions which are available for institutional investors.

Some of these significant and trustworthy cryptocurrency custody solutions include the coinbase custody, the ledger vault, the fidelity digital assets and the last but not the least for today's post the bitgo trust company.