Report published by Waters Technology
Although institutional interest in cryptocurrency trading has grown, the development of the custody space, in particular, is crucial for its next phase of evolution.
To Prash Puspanathan, founder and CEO at Caleb and Brown, an Australian-based boutique consultancy firm providing cryptocurrency services, the two primary barriers that impede greater institutional investment are a lack of regulatory oversight and trust. It is the latter of these factors, trust, where technology can play a huge part in cementing. The lack of a comprehensive, secure and trusted custodial solution for digital assets which allows institutional investors who need to be considerably more risk-averse to be assured that their assets will not disappear off the balance sheet due to security factors out of their control needs to be addressed. And it is being addressed, he says. This is through the development of innovative solutions for secure custody from multi-signature wallets, to sharded private keys, to analog thumb-printing of hardware wallets, combined with secure vault storage. However, it is only when we achieve dependable underwriting of these assets that we will be able to justifiably state that a custodial solution worthy of institutional reputational risk exists, Prash says. The lack of a comprehensive, secure and trusted custodial solution for digital assets needs to be addressed. And it is being addressed.
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Dr. Prash is the CEO at Caleb and Brown and is available to guide new and seasoned investors. About Dr. Prash P: Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.
Call Dr. Prash on +61 1800 849 149 or Contact Us to discuss further.