Treasury Standards refer to guidelines and practices used by organizations to manage their digital asset holdings, ensuring financial stability and compliance. These standards help in establishing processes for the secure storage, valuation, and reporting of cryptocurrencies.Organizations may adopt risk management strategies to protect against market volatility, including diversifying their asset portfolios. This could involve setting limits on how much of their treasury can be allocated to digital assets.Additionally, Treasury Standards address regulatory compliance. Organizations are required to adhere to know-your-customer (KYC) and anti-money laundering (AML) regulations. Ensuring transparency in transactions helps build trust and mitigates legal risks.Effective Treasury Standards also involve crafting policies around asset liquidity. Organizations must determine how easily they can convert cryptocurrencies into cash or other assets without significantly impacting the market price.In conclusion, Treasury Standards play a crucial role in guiding organizations on the secure and compliant management of their digital assets, ultimately fostering a stable approach to integrating cryptocurrency into their financial strategies.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,