In the digital asset community, security and credibility have always been top concerns for investors, particularly institutions that must meet stringent security and regulatory standards. This concern has grown due to high-profile cases like the Mt. Gox hack in 2014 that resulted in the theft of over 850,000 Bitcoins, and more recently the FTX collapse, which is causing regulators, lawmakers, financial advisors and more to question the reliability of digital assets.
To help mitigate these concerns and build trust within the community, many investors are turning to digital asset qualified custodians. But what is a qualified custodian and how can they help protect your digital assets?
What is a qualified custodian?
A qualified custodian abides by the Custody Rule as stated in the Investment Advisers Act of 1940, including a comprehensive backup recovery option and the systems, processes, and controls in place needed to properly safeguard client assets. This is particularly important for institutional investors, hedge funds, and exchanges who should be held to high security and regulatory standards.
To ensure the best possible protection, it’s important for investors to carefully research and choose a reputable digital asset custodian to safeguard their investments. Those entities such as Aegis Trust Company provide institutional-grade custody and digital asset services that comply with all relevant laws and regulations; and specifically, design their business to rise to the level of qualified custodian.
Who is Aegis Trust?
Aegis Trust, regulated by the South Dakota Division of Banking, is a licensed and insured digital asset custodian that provides institutional-grade, end-to-end custodial solutions for Web3, including NFTs, staking, liquid staking and DeFi. Through its adherence to the Division’s rules regarding client asset management, Aegis therefore qualifies as a custodian in the State. The recognition of our adherence to these rules and the types of activities Aegis performs deem it a qualified custodian.
Here are some attributes that distinguish Aegis Trust:
A digital asset qualified custodian such as Aegis Trust can provide investors with added protection and security, as well as professional services to help manage digital assets. If you are interested in working with a qualified custodian, please fill out the Aegis contact form to learn more.