Institutional Crypto Custody: Protecting Billions in Digital Assets
As institutional investment in cryptocurrencies grows, the importance of secure custody infrastructure has become increasingly evident.
Coinbase Institutional reports having around $300 billion in assets under custody and supports more than 470 assets for custody. This represents roughly 12% of the global cryptocurrency market capitalization held through its Prime infrastructure.
Institutional custodians generally keep long-term holdings in cold wallets, which remain disconnected from the internet to reduce exposure to remote cyberattacks.
Cold storage is just one aspect of institutional custody. Large investors also use multi-signature wallets or multi-party computation (MPC) technology to distribute transaction-signing authority across multiple cryptographic shares.