MJ Hudson, a solutions provider to the asset management industry, has introduced a new custody benchmarking service specifically for clients investing in digital assets.
The new service will benchmark the capabilities of major custodians for key themes across digital asset custody provision, including, but not limited to, strategy & commitment, digital asset coverage, fraud prevention, private key management, reporting, governance, legal, regulatory approvals, and custody fees.
2022 has seen a big upheaval in the investment ecosystem with the growth in digital assets. Behind this development are institutional investors increasing their exposure to the new digital asset classes. Consequently, all major custodians are spending significant resources on developing their digital asset custody platforms to meet the demand.
For the past 20 years, MJ Hudson’s custodian bank benchmarking team (formerly Amaces) has been supporting clients in the search and selection of custody providers for traditional assets. MJ Hudson will now work with clients and the wider market to support them in the search and selection process for firms wishing to appoint a specialised digital asset custodian.
