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The United States Securities and Exchange Commission (SEC) has long been concerned with investment advisers having access to client assets and investment companies’ safeguarding of fund assets. The custodial framework for investment companies dates back to 1941, and Rule 206(4)-2 (the Custody Rule) for investment…
Bitwise General Counsel Johanna Collins-Wood said that the Securities and Exchange Commission's (SEC) new crypto custody proposal solved problems asset managers have faced for years, but that "important questions about DeFi still remain[ed]."Collins-Wood explained her reading of the custody counsel…
Custody arrangements are becoming a key part of the infrastructure needed to connect crypto markets with established investment management structures.