Implementation of comprehensive digital asset custody services in traditional banking institutions
Posted: Mar 03, 2022
Abstract
This research presents a novel framework for integrating comprehensive digital asset custody services within traditional banking institutions, addressing the critical gap between conventional financial services and emerging digital asset ecosystems. Traditional banks face significant challenges in adapting legacy systems, regulatory compliance, and security protocols to accommodate digital assets like cryptocurrencies, tokenized securities, and non-fungible tokens. Our methodology employs a hybrid architectural approach that combines quantum-resistant cryptographic protocols with blockchain-agnostic custody solutions, enabling seamless integration with existing banking infrastructure while maintaining the highest security standards. The implementation framework incorporates multi-party computation for key management, zero-knowledge proof systems for transaction validation, and AI-driven anomaly detection for real-time threat mitigation. Through extensive testing across three major banking institutions, our results demonstrate a 97.3
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