The Cost Structure of Compliant Custodians in New York

The new york trust company is the gold standard. You have to pay for that right you're gonna have to pay a um fees on for that qualified custody because those qualified custodians in New York have to lock up that capital with regulators. The cost structures are built for financial and financial products that have a um revenue models like funds like investment management and um and the like soUm, this sort of like outsourced like Compliant custodian as a service it tends to basically attract like I mean if you look at prime trust customer roster like It was Celsius Binance us Abra Which turns out seems which they're saying isn't wasn't solvent on top of prime trust insolvency.