The Importance of Insured Custody for Bitcoin's Mainstream Adoption

Insured custody is considered essential for the maturation of Bitcoin as an asset class that is acceptable to institutional investors and the wider society. There is a strong belief that as Bitcoin continues to mature, insured custody will become the norm in the industry, ensuring that investors feel secure when holding and managing their Bitcoin assets. The success and acceptance of this model depend on providing guarantees that assure customers they will be compensated in case of a mishap—whether it stems from negligence on the company's part or external factors. Without this layer of protection, the growth and integration of Bitcoin into mainstream finance could face significant hurdles.