The exponential growth of virtual assets offers tremendous opportunities on reshaping the capital market. In order to strengthen the competitiveness of global financial market, a growing number of countries are gearing up for the trend of virtual assets. Custodial business, which can provide institutional and professional investors with enterprise-grade safekeeping solution for virtual asset, is becoming a key strategic partner in the virtual asset sector.
States and Regions’ Openness towards Custodial Business
Although the global regulation and practice for the virtual asset sector are still undefined, there are more countries or regions that have adopted an open and positive attitude towards virtual asset-related custodial services, such as the United States, South Korea and Germany, in contrast to strictness of virtual asset trading.
The attitude towards virtual assets varies across states in the U.S., whereas Texas approves state-chartered banks to provide virtual asse
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