Digital assets have moved closer to mainstream financial infrastructure, but institutional adoption still depends on one basic question: who controls the assets when something goes wrong?

For retail users, custody is often viewed as a wallet choice. For institutions, crypto custody is a governance question. It affects legal ownership, operational control, audit procedures, client reporting, risk management, and board approval. For asset managers, hedge funds, corporate treasuries, family offices, and fintech companies, institutional crypto custody is not just a technical setup. It defines who can move assets, how approvals are recorded, how holdings are separated, and what happens if a provider fails.

That is why the custody problem…