In the world of cryptocurrency custody, a new trend is emerging – the concept of multiple custodians working together. This can be seen as the third generation of crypto custody. The idea is that custodians from different countries can collaborate and provide services to clients who want to store their assets in a different location. For example, a custodian in Brazil may want to store assets in the UK, but they don’t have a presence there. In this case, they can use another custodian as a sub-custodian and leverage their regulatory permissions. This allows for compliant storage of assets across different jurisdictions. The key to making this work is the existence of multiple networks that can link custodians together, as well as connect custodians to exchanges and venues in a compliant manner. This new approach to custody opens up possibilities for global asset management and ensures that clients can securely store their assets in different locations around the world.

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