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Institutional Crypto-Asset Custody: The Players Incumbents Need to Watch

Institutional Crypto-Asset Custody: The Players Incumbents Need to Watch

Fintech firms from different areas of the cryptocurrency ecosystem rolled out crypto-asset custody solutions in 2018.

Boston, December 6, 2018 – For a long time, institutional investors have relied on traditional custodians to safeguard their holdings. But cryptocurrencies create technical challenges and reputational risks that have kept traditional custodians from serving this emerging asset class. The custody conundrum has become the last piece of the puzzle for the institutional cryptocurrencies market, and a few blockchain-focused fintech firms have decided to take on this challenge.

This report focuses on digital asset custody and examines the key components and requirements of an institutional-grade custody solution. Based on Aite Group interviews conducted between April and October 2018 with participants in the institutional crypto-asset markets, this report helps firms navigate the solutions currently available in the market and profiles BitGo, Coinbase, Digital Asset Custody Company, Kingdom Trust, and Ledger.

This 30-page Impact Note contains five figures and five tables. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.

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This report mentions BNY Mellon, Citi Group, Fidelity, Northern Trust, and State Street.