Mitigating custody risks in the wake of FTX

February 03, 2023

As borderless bearer-assets, the appeal of self-custodying digital assets will always remain an appealing way to store wealth. The past months have seen an increasing trend towards self-custody in the wake of FTX and related contagion. For institutions, self-custody may present too many risks for errors and make funds too inaccessible for convenient participation. We are able to help our clients independently verify their assets are safe within Anchorage Digital custody for their auditing and reporting purposes. Though not a requirement, qualified custodians should prioritize assessing the unique security concerns and vulnerabilities to exploits inherent in digital assets.

The source of this news is from Anchorage Digital