Crypto asset management

In recent years, there has been a notable uptick in the number of companies moving to crypto. This is largely because of the many advantages that crypto has to offer businesses, including security, speed, and efficiency. However, one of the key challenges that companies face when moving to crypto is custody of their assets.

Custody is the process of securely holding and managing crypto assets. It is a critical component of any crypto-based business, as it ensures that the assets are safe and secure. Unfortunately, custody can be a complex and difficult process, especially for businesses that are new to crypto.

There are a number of different custody solutions available, each with its own advantages and disadvantages. Some of the most popular custody solutions include cold storage, hot storage, and custodial services.

Cold storage is the most common type of custody solution. It involves storing crypto assets in a secure offline environment, such as a cold storage wallet or a hardware wallet. This is considered to be the most secure way to store crypto assets, as it eliminates the risk of theft or loss.

Hot storage is a less secure but more convenient alternative to cold storage. It involves storing crypto assets online, which makes them accessible 24/7. However, this also increases the risk of theft or loss.

Custodial services are third-party services that offer custodial solutions for businesses. These services are often more secure than hot storage, but they can be…