Crypto Custody for Corporates and large businesses
How corporates should protect their digital assets
Table of Contents
The Bugatti Chiron can go from 0 – 60mph in 2.3 seconds.
That’s pretty fast. But cryptocurrency evolved from a dubious fad to a mainstream industry in less than ten years. Now that’s some incredible speed.
And with great technology comes great accessibility. Crypto, namely Bitcoin and Ethereum, make transactions private and secure. It provides diversity in payment options and paves the way for decentralized software and platforms.
As such, it’s no surprise that corporates and large corporations have gone keen on crypto. Household brands like Starbucks, Adidas and Disney have already integrated crypto into their payment systems. Though it’s a relatively new process and may take a while to become a global standard, let’s all agree now that it’s much cooler to buy a cup of coffee with Bitcoin.
But the reality is benefits don’t always come without substantial risks. Especially when it comes to something with many inherent variables like crypto.
Security is a major concern.
You can store your coins in self custody wallets and crypto exchanges, but they can only do so much. Large scale operations for corporates require a much denser layer of protection.
This is one of the many reasons crypto custody is essential to securing corporates and large businesses digital assets.
Custody for corporates mitigates risk of operational errors
Errors are unfortunately an inevitable part of any business, corporates included.
That’s why it’s a company’s primary responsibility to minimize that part.
If an employee accidentally sends crypto payment to the wrong address or loses the private key, recovery would be nearly impossible in most cases.
Having a crypto custody solution designed for corporations already in place can help prevent such disastrous scenarios. A crypto custodian will protect the company with failsafe methods, such as MPC technology (Multi Party Computation)
By assigning multiple approvers to a wallet, a transaction always goes through several confirmation stages before becoming final. This makes every big decision a team effort, a corporation shall not fall into this pitfall.
Crypto custody for corporates to satisfy compliance and regulatory requirements of corporations
Depending on what your company does, it may be required to implement a certain degree of security measures. This happens a lot when said company provides any type of financial account, like e-commerce or gift cards.
In cases like this, having a mere non-custodial wallet may not suffice.
Crypto custody for corporates offers an extra layer of security for the company as well as its customers. That, in turn, ensures the company is in compliance with the regulations within their jurisdiction.
Crypto custody for corporates, smoother operation
By not having to worry about security, your operations may become more efficient.
This also obviates any micromanagement from higher executives and employees will be able to focus on more important tasks. Knowing all your transactions are firmly gripped by many sets of eyes can be a game changer for most companies.
Atato custody, for corporates, highest level of security
With unlimited custodial wallets in your workspace, atato custody provides capacity for large scale operations.
Our bank-grade MPC custody solution ensures no single transaction goes unaccounted for. You can also set custom policies for each wallet and assign multiple approvers.
Client assets are stored independently and the Atato Custody infrastructure does not allow us to interfere with your property in any way.