Custody

[slavakurilyak]

Story

As a developer, I want to solve the custody problem of cryptocurrency, so that I can answer the question: "who holds your bitcoin?"

Inspiration

It's a beautiful idea to "be your own bank" (BYOB), but if you're a prominent individual or if you're a fund or an institution, it's the last thing you want to do.

--Naval Ravikant, CEO at AngelList (YouTube, 2017)

Background

What is digital asset custody?

A digital asset custodian provides strict financial controls and secure storage for institutional investors wanting to trade digital currencies like Bitcoin, Ethereum, and more. (Coinbase, 2018)

Consider

• Learning from existing custodian software in the digital asset custody space:

1. Ledger's software
2. Coinbase's Custody software
3. Anchor Labs

• Using Third-Party Authentication to remove the reliance of storing user data (exchange keys) on the platform

[slavakurilyak]

Here are some solutions to the crypto custody problem:

(TechCrunch, 2018)