Institutional custody refers to services designed to securely hold and manage digital assets for professional investors and organizations. This service is tailored for institutions such as hedge funds, family offices, and financial firms that require enhanced security, compliance, and operational support.Custodians use advanced security measures, including cold storage and multi-signature wallets, to protect assets from theft and hacking. They often provide insurance coverage to mitigate risks associated with asset management.In addition to security, institutional custodians offer services like trade execution, asset reporting, and tax support. They ensure compliance with regulatory standards, providing a safe environment for institutional clients to engage with digital assets.Ultimately, institutional custody helps bridge the gap between traditional finance and digital currencies by adding a layer of trust and professionalism, making it easier for large investors to participate in this emerging market.
BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position