In the fragmented and turbulent U.S. crypto sector, it can be hard to even know the right questions to ask in order to pick the right custody solution for your asset management needs. But don’t worry, sFOX has you covered.
In this webinar we talk about:
- Bankruptcy Protection vs. Segregated Wallets
- Asset Entitlement in Custody
- Asset Entitlement in the Event of Bankruptcy
Discover the pros and cons of cold vs. hot storage methods as Dimitry Chesnokkov, sFOX’s Client Success Manager, highlights the vulnerability of online wallets to hacking and the slower transaction process of cold storage. He introduces sFOX SAFE’s real-time cold offering, seamlessly integrating trading and custody while maintaining segregated wallets for added security against bankruptcy.
Daniel Hinton, sFOX’s Head of Operations, elaborates on the uniqueness of SAFE’s protection, boasting regulatory compliance, integration of trading services, and catering to diverse business types. Qualified Custodians, like sFOX, possess legal authority to hold customer assets, adhering to regulatory requirements and employing multi-faceted security measures.
The discussion concludes with insights into upgrading to sFOX SAFE, ensuring clients experience a seamless transition with added features. The responsibility of managing cryptographic keys remains with sFOX, as clients are facilitated by streamlined workflow automation for enhanced security and convenience.
Can you explain the pros and cons of cold vs. hot storage as well as other methods traders may use? 2:00
Can you break down what that actually means and how SAFE is providing that protection? 6:24
How is SAFE’s protection different from that of other custodians? 11:03
A term being used throughout the industry right now is “qualified custodian.” Daniel, can you explain what that means? 13:30
What assets can a trader custody with Safe Trust? 17:00
Dimitri, can you break down the layers of security through the platform? 19:16
What insurance is provided to clients through SAFE? 22:55
Is the Safe Trust Company a bank? 26:06
Am I eligible for sFOX SAFE no matter where I live? 27:41
How does sFOX guarantee assets are protected? Are the funds held in individual wallets for each customer? If not, in the event of bankruptcy, how would sFOX guarantee customers receive their funds? 28:25