# Custody Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Custody", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

BNY Partners with Key Companies to Expand Crypto Custody in the UAE

BNY, the world's largest custodian bank, has announced a strategic collaboration with Finstreet Limited and ADI Foundation to establish regulated, institutional-grade digital asset custody infrastructure in the Abu Dhabi Global Market (ADGM). This marks the first time a U.S. global systemically important bank has introduced crypto custody services to the UAE. The initiative will begin with Bitcoin and Ethereum custody, with plans to expand into stablecoins, tokenized assets, and other regulated digital instruments, subject to final agreements and regulatory approvals. BNY provides its global custody expertise, Finstreet contributes its licensed digital market ecosystem within ADGM, and ADI Foundation supplies sovereign-grade blockchain infrastructure via its ADI Chain. Choosing ADGM as the anchor jurisdiction underscores its institutional-grade regulatory framework under English common law. The move aligns with the UAE's broader efforts to build sovereign digital currency infrastructure, including a regulated dirham-backed stablecoin. BNY's entry signals that regulated digital asset infrastructure in the Gulf is now a present reality, positioning Abu Dhabi as a key hub for institutional crypto adoption and future financial innovation.

bitcoinist05/08 11:09

BNY Partners with Key Companies to Expand Crypto Custody in the UAE

bitcoinist05/08 11:09

Verifiable Bitcoin Accounts for Institutional Bitcoin. Your Custody, Your Terms.

Threshold Network has launched Verifiable Bitcoin Accounts (VBA), a new institutional Bitcoin framework built on its existing signer infrastructure, which has processed over $5 billion with zero losses. VBA uses Bitcoin Script and PSBTs to define preauthorized spending paths, signer combinations, timelocks, and recovery routes. It allows institutions to engage in onchain lending and yield strategies while maintaining their current custody setups—including Qualified Custodians, MPC networks, or self-custody—without transferring asset title. VBA ensures consensus-enforced spending, multi-party controls, predefined recovery options, and whitelisted deployment into approved platforms like Aave and Curve. Every transaction is verifiable onchain, reducing reliance on trust and enabling institutional-scale Bitcoin adoption through enforceable, auditable operations. Available to qualified participants, VBA extends Threshold’s proven infrastructure to meet institutional standards for security and compliance.

TheNewsCrypto04/23 17:50

Verifiable Bitcoin Accounts for Institutional Bitcoin. Your Custody, Your Terms.

TheNewsCrypto04/23 17:50

Can You Really 'Get' Your Gold? The Custodial Geography Blind Spot Behind Tokenized Gold

The article challenges the common perception that tokenized gold is a globally uniform asset class, arguing that its true value and functionality are intrinsically tied to the physical location and legal jurisdiction where the underlying gold is stored. Unlike stablecoins, whose value is based on fungible financial assets like treasury bills, tokenized gold represents a legal claim to a specific physical asset in a specific location. This makes the geography of custody not a minor detail, but a core component of the asset itself. The price stability of a tokenized gold product is maintained not by technology, but by arbitrage mechanisms that require the efficient, low-cost redemption of physical gold. This arbitrage is only feasible if the gold is stored in the same region as the user, avoiding complex cross-border logistics, legal hurdles, and delays that can erase profit margins. Consequently, the credibility of a product's price peg depends on the efficiency of its local redemption infrastructure. The author posits that tokenized gold will not converge into a single global market but will instead become regionalized. For institutional users in places like Singapore or Hong Kong, gold stored locally—within their familiar legal, regulatory, and market infrastructure—is a fundamentally different and more usable asset than gold stored in London or Zurich. This local embeddedness is critical for practical uses like serving as collateral or passing regulatory audits. The central question for investors shifts from "Is this token backed by gold?" to "Can I actually *get* the gold when it matters?" The article concludes that the ultimate test of a tokenized gold product is not its stated backing but its practical accessibility within the user's own market and legal system during a crisis.

marsbit04/21 08:40

Can You Really 'Get' Your Gold? The Custodial Geography Blind Spot Behind Tokenized Gold

marsbit04/21 08:40

Dogecoin Gold Plans Revealed As DOGE Jumps Past $0.10—Here’s What To Know

Nevada-based Dogecoin Cash Inc. has proposed "Dogecoin Gold," a blockchain project aiming to link digital tokens to physical gold reserves. Each token would represent a precise amount of gold, with one billion tokens equaling one gram. Gold would be held by an institutional custodian, and token issuance would be tied directly to gold deposits and redemptions. The goal is to combine commodity-backed assets with blockchain transparency for easier digital access and precise accounting. However, the project is still in evaluation—no tokens have been issued, and no decisions have been made on technical design, custody, regulation, or launch timing. The announcement came as DOGE surpassed $0.10, marking a 15% two-week recovery.

bitcoinist04/18 14:32

Dogecoin Gold Plans Revealed As DOGE Jumps Past $0.10—Here’s What To Know

bitcoinist04/18 14:32

Massive XRP Adoption Trend Paints The Most Bullish Picture Yet

While XRP's price action has shown red monthly candles, a massive institutional foundation is being assembled around Ripple, the XRP Ledger, and its new stablecoin, RLUSD. Ripple is evolving beyond cross-border payments, building a full end-to-end treasury ecosystem. Its ClearConnect API integrates with major enterprise platforms like SAP and Oracle, bridging traditional financial rails with XRP settlement and digital asset capabilities. The adoption extends to RLUSD, a NYDFS-regulated stablecoin, and Ripple Prime, a brokerage service clearing over $3 trillion annually for 300+ institutional clients like Deutsche Bank. Ripple's custody solutions are also being used by major financial players. These developments, the product of a decade of building, are converging to create a highly bullish picture for 2026.

bitcoinist04/17 05:01

Massive XRP Adoption Trend Paints The Most Bullish Picture Yet

bitcoinist04/17 05:01

Ripple Lands Major Korea Deal With Top Insurance Giant Kyobo

Ripple has partnered with Kyobo Life Insurance, one of Korea's largest insurers, to develop the country's first tokenized government bond settlement workflow on blockchain. The collaboration will utilize Ripple Custody to hold, transfer, and settle transactions within a regulated framework, aiming to replace manual process with on-chain execution that could compress the standard two-day settlement cycle to near real-time. This initiative is positioned as infrastructure for a broader institutional stack. Both companies aim to assess the technical and regulatory feasibility, reduce counterparty risk, and explore stablecoin-based payment rails for 24/7 transactions. Ripple described this as a strategic entry into Korea's institutional financial market and a signal that proven digital asset infrastructure is ready for deployment.

bitcoinist04/16 06:29

Ripple Lands Major Korea Deal With Top Insurance Giant Kyobo

bitcoinist04/16 06:29

Franklin Templeton's Latest Research: How to Understand RWA Tokenization

Franklin Templeton's research explores the rapid growth and structural evolution of real-world asset (RWA) tokenization, which has expanded from $5 billion in 2023 to over $25 billion by early 2026. This surge is driven by clearer regulations and greater trust in blockchain technology. RWA tokenization covers assets like stocks, bonds, commodities, and real estate, distinguishing them from native cryptocurrencies. The market saw a turning point as tokenization expanded from government bonds to equities, with early movers like Robinhood, Kraken, and Ondo launching tokenized stock offerings. Traditional institutions, including DTCC, NYSE, and Nasdaq, have since announced significant tokenization initiatives, signaling a major shift in securities processing. The article identifies three tokenization models: 1. **Digital Native Tokens**: Direct ownership of the underlying asset with on-chain settlement (e.g., Franklin Templeton’s money market fund). 2. **Synthetic Asset Tokens**: Indirect economic exposure via special purpose vehicles, allowing broader DeFi utility but limited investor rights. 3. **Digital Mirror Tokens**: Tokenized receipts of off-chain assets, with legacy settlement systems and restricted transferability. Synthetic tokens are permissionless, requiring only KYT checks, while digital native and mirror tokens require full KYC/AML compliance. Each model offers distinct advantages in transparency, utility, and efficiency compared to traditional systems. Tokenization is driving convergence between crypto and traditional finance, with wallets emerging as a universal financial interface.

marsbit04/14 11:35

Franklin Templeton's Latest Research: How to Understand RWA Tokenization

marsbit04/14 11:35

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

On April 1, 2026, Drift Protocol, the largest perpetual futures DEX on Solana, suffered a catastrophic hack resulting in a loss of $285 million. The attack, attributed to a sophisticated social engineering campaign rather than a technical exploit, unfolded over several months. Hackers first infiltrated Drift’s internal circles by posing as a legitimate market maker, building trust over time. They then exploited Solana’s "Durable Nonce" feature to trick core team members into blindly signing transactions that granted administrative control. A critical vulnerability was introduced when Drift migrated to a 2/5 multisig structure without a timelock, allowing instant execution of privileged transactions with just two signatures. The attackers finally triggered the attack by adding a fake token (CVT) to the whitelist, manipulating its oracle price, and using it as collateral to drain the protocol’s treasury. The incident highlights fundamental flaws in DeFi governance, including overreliance on multisig mechanisms that lack intent verification and are vulnerable to social engineering. It underscores the misalignment between retail-grade security tools and institutional-scale treasury management. The hack signals the need for a security paradigm shift in DeFi, including adoption of Hardware Security Modules (HSMs) for key management, intent-based policy engines for transaction validation, and professional third-party custody solutions to ensure institutional-grade safety.

marsbit04/13 12:00

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

marsbit04/13 12:00

Morgan Stanley Bitcoin ETF to Launch Tomorrow, Recommends Clients Allocate Up to 4% to Crypto Assets

Morgan Stanley is set to launch its own spot Bitcoin ETF (ticker: MSBT) on NYSE Arca on April 8, making it the first major U.S. bank to directly issue such a product. With an annual management fee of 0.14%, it becomes the lowest-cost Bitcoin ETF on the market. The fund will hold Bitcoin directly and track the CoinDesk Bitcoin price index. The bank’s vast network of approximately 16,000 financial advisors, who manage around $6.2 trillion in client assets, can begin recommending the ETF immediately upon launch. Morgan Stanley’s Global Investment Committee has already advised clients to allocate up to 4% of their portfolios to crypto assets. Analysts suggest this distribution capability could unlock substantial institutional and advisory-driven capital into Bitcoin. Beyond Bitcoin, Morgan Stanley is building a broader crypto infrastructure, having also filed for Solana and staked Ethereum ETFs, applied for a national trust bank charter, and plans to offer direct crypto trading via E*Trade in 2026. The move is seen as a significant step in the institutional adoption of Bitcoin and a shift in traditional finance’s approach to cryptocurrency.

marsbit04/08 11:39

Morgan Stanley Bitcoin ETF to Launch Tomorrow, Recommends Clients Allocate Up to 4% to Crypto Assets

marsbit04/08 11:39

Dialogue with Bloomberg ETF Analyst: Why Bitcoin ETF Holders Did Not Sell During the 50% Plunge

In a recent interview on Coin Stories, Bloomberg Intelligence Senior ETF Analyst James Seyffart discussed the resilience of Bitcoin ETF holders, who largely held their positions despite a 50% price drop, contrary to expectations of panic selling. Seyffart noted that while there was a $9 billion outflow from Bitcoin ETFs starting October 10, it was minor compared to the $250-300 billion inflows prior, and outflows have since reversed by $20-25 billion. He attributed this "diamond hands" behavior to educated investors who understand Bitcoin’s volatility and typically allocate only a small portion (e.g., 1-5%) of their portfolios, leading to rebalancing rather than selling during dips. The conversation also covered the entry of major institutions like Morgan Stanley, which is launching its own Bitcoin ETF, leveraging its vast client assets. Seyffart highlighted the growing efficiency of ETFs, with physical redemptions now allowed, potentially enabling direct Bitcoin transfers to holders in the future. However, he expressed concern over the concentration of Bitcoin custody with Coinbase. Additionally, Seyffart discussed the inverse flow trends between Bitcoin and Gold ETFs recently, with Bitcoin acting more like a risk-on growth asset. He remains optimistic about Bitcoin ETFs eventually surpassing Gold ETFs in size due to Bitcoin’s diverse use cases. Finally, he emphasized the importance of diversification in the current volatile market, where traditional hedges have largely failed, and cash.

marsbit04/05 03:43

Dialogue with Bloomberg ETF Analyst: Why Bitcoin ETF Holders Did Not Sell During the 50% Plunge