BNY’s crypto gambit will test custody tech

As more traditional banks are starting to enter the digital asset custody space, Wei-Shen questions how interoperable they’ll be.

gold Newton's cradle representing different currencies

It wasn’t so long ago that one of the major hindrances holding back institutional investors from cryptocurrencies and other digital assets was the lack of institutional-grade custody solutions. That is slowly changing.

In the past few years, a bunch of crypto players, including BitGo, Fincross International, and Velocity Ledger Financial and Prime Trust, have begun catering to the institutional market.

But as Hu Liang, co-founder and chief executive of crypto-trading platform Omniex, told me

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