The State of Institutional Custody 2020

Quick Take

  • A total of 28 companies provide custody services for digital assets to institutional clients
  • To date, $1.6 billion has been allocated to firms that provide institutional-focused custody services 
  • 22 out of the 28 companies identified — or approximately 79% — were formed in 2017 or later 
  • Increased competition in the custody sector has led to firms offering new services to differentiate themselves, with many attempting to build a crypto ‘prime brokerage’. 
  • This is Part IV in The Block Research’s Institutional Market Infrastructure Collection – a series of complementary installments which define and analyze the landscape of infrastructure providers supporting institutions in the digital assets market today.
The Block has analyzed the firms that provide institutional-focused custody services and how the competitive market is trending.

Curv is the world’s most trusted digital asset security infrastructure that is delivered as a fully scalable, enterprise-grade and compliant cloud service. Curv’s multi-party computation (MPC) technology simultaneously provides institutions the protection, instant availability, and total autonomy over digital assets required to thrive in the digital economy. 

The company is the only cloud-based, MPC wallet for institutional digital assets and first to achieve SOC2 Type II Certification. Curv provides peace of mind by insuring up to $50M of digital assets backed by Munich Re, the only Internet-connected crime insurance policy to date and one of the largest policies in the market. Curv is swiftly being adopted by leading exchanges, custodians, OTC desks, brokers, traditional financial institutions and digital asset managers.


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