Last week the Swiss Blockchain Federation published a report on the digital asset custody sector. Of the 34 institutions that responded to its survey, only one in five support custody for digital securities.
That could be because most of the firms cater primarily for the crypto sector. Just over a quarter have backgrounds in traditional finance (TradFi).
“Custody in facilitating institutional adoption is crucial. In this context, it is essential to manage private keys securely,” said report author Alexander Brunner. The European Investment Bank (EIB), the most prolific digital securities issuer, says the pressing need is for conventional custodians to also support digital assets.
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