A digital asset custodian is in charge of looking after the digital assets on behalf of investors or asset owners. These digital assets can vary from cryptocurrencies to digital tokens. Unlike traditional assets, digital asset custodians need to take extra precautions over the safety of the client’s assets.
Not to mention, digital assets are always prone to cyber-attacks. That is why, to become a digital asset custodian, a license from regulators within the jurisdiction is required. This ensures, all the security and safety measures are up to the standard.