What is Custody?

What is Custody?

Crypto custody is a term used to describe the process of securing assets from theft. Custodians – third parties that can be hired to look after your crypto for you – act as safeguards of your money, be it cash, securities, gold bars or virtual assets. Custodians have been around since the 1960s and are one of the pillars of the traditional banking system.

Put simply, cryptocurrency custody solutions are third party providers of storage and security services for cryptocurrencies. Their services are mainly aimed at institutional investors, such as hedge funds, who hold large amounts of bitcoin or other cryptocurrencies. The solutions generally incorporate a combination of hot storage, or crypto custody with connection to the Internet, and cold storage, or crypto custody that is disconnected from the Internet.

Why Institutional Custody is Needed?

Crypto custodians are essential for the widespread adoption of digital assets. To this day, many institutional investors stay away from buying digital assets because of the lack of security. Institutions that manage large amounts of money such as hedge funds, pension funds, investment banks and family offices, are required by regulation to have a custody partner to keep their clients' money safe.

The main utility of cryptocurrency custody solutions lies in the safeguarding of cryptocurrency assets. Private keys, which are used to conduct transactions or access crypto holdings, are a complex combination of alphanumerics. They are extremely difficult to remember and can be stolen or hacked. Online wallets are a potential solution but they have also proven susceptible to hacks. The same is true of cryptocurrency exchanges.

Why Institutional Custody is Needed?
About Findev Custody

About Findev Custody

Findev Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Findev’s exchange business since 2017.

Findev Custody System developed a proprietary hyper secure cold storage concept. It applies the highest standards of cryptographic, IT and physical security as well as multi-party segregation and multi-signing features. The implementation is regularly reviewed by an independent third party.

Findev Custody is completely non-custodial. You control two of the three keys in your multisig setup, and because you control the majority, we can’t do a single thing with your bitcoin. It’s all yours. For real.

SETUP FEE

$0 - $10.000 Depending on use-case

VOLUME

No minimum volume requires

STORAGE FEE

%0,4 - %0,6 per annum (calculated on daily basis)

ACCESS

24/7 Access to Custody Service

Findev Products

Custody Key Values

Findev Tokenization Framework Connects Companies and Investor

Offline, cold-vaulted storage

Offline, cold-vaulted storage

Cold storage with 24x7 on-site security, hardened room structure, as well as multi-person and multi-organization access controls.

Multi-tiered approval structure

Multi-tiered approval structure

Dynamic entitlement structure and multi-step authentication for transactions to mitigate fraud and protect your assets.

Multiple Assets

Multiple Assets

Support for BTC, ETH, DOT, ATOM, ADA, XTZ, BCH, KSM, XRP, all Ethereum ERC-20 and many more.

Audited and Pen-tested

Audited and Pen-tested

Audited by Deloitte and penetration tested by Crypto Security Company.

We provide that institutions need to invest in digital assets.

Operational excellence, safeguarding, and security

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Have Any Questions About Custody?

In totally offline, cold storage. Findev Custody has designed a proprietary, best-in-class key generation protocol to generate cold storage addresses for Custody wallets.
Support for BTC, ETH, DOT, ATOM, ADA, XTZ, BCH, KSM, XRP, all Ethereum ERC-20 and many more.
Custody is a service in which a financial institution holds assets on behalf of the client.
Our paid custody services use 100% offline crypto asset cold storage to ensure that our platform and client assets are secure.