Breaking down the building blocks of institutional cryptoasset custody
The business opportunities presented by cryptoasset custody models are significant. The wave of institutions entering and participating in the market need a trusted partner to hold their cryptoassets for safekeeping, minimizing the risk of theft or loss while ensuring they are available and accessible for speedy transactions on blockchain networks.
However, the technical and operational requirements of cryptoasset custody, security and exchange create unique challenges for enterprises and financial services institutions, including both traditional institutions and crypto-native startups.
Many financial sector business and technology leaders are looking to develop capabilities to engage or interact with cryptoassets which requires them to build custody solutions or utilize third-party custody service providers that meet the specific needs of their organization and customers.
That’s where KPMG can help. As adoption of crypto increases, KPMG’s Cryptoasset Services practice helps crypto custody businesses develop a suite of core capabilities which are intended to be secure and compliant to support institutional requirements for engagement in the ecosystem.
Download this paper to learn about the four key building blocks for institutional grade crypto custody that will allow your organization to be best positioned to seize the incredible opportunity in the custody space.
We believe crypto custody capabilities founded on four key building blocks will be best positioned to meet institutional needs and seize the incredible opportunity in the custody space. Whether institutions build custody solutions from scratch, transform existing custody solutions for non-digital assets, or contract with a third-party custody service provider, these are the building blocks business and technology leaders should emphasize as they engage in the crypto custody business.
We’ll explore each building block in the full report.