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Smartlands to Tokenise $1B in Assets as they Release Roadmap 2.0 - Roadmap 2.0 Wandering in the dark will get you nowhere. For a company to be successful, it is vital to have a clear roadmap in place, which will act as a guide towards achieving goals. While the path may vary as time progresses, the structured nature of the approach is beneficial to the company, while reassuring to clients and investors. With that in mind, U.K based security token issuance platform, Smartlands, has just released their updated ‘Roadmap 2.0’. This roadmap sheds new light on where the company intends on going in the coming years, and how they will get there. […] - https://lnkd.in/eTuc6cy

Digital Asset Custody Solutions: Protecting Your Digital Investments https://lnkd.in/gSaky568 Digital investments, from cryptocurrencies to NFTs, are expanding rapidly. This growth brings a crucial need for secure storage solutions, known as Digital Asset Custody Solutions. These are like digital safes that protect assets against hacks, theft, and other risks. Custody providers offer hot storage for accessible assets and cold storage for long-term safety. Key features like multi-signature technology and private key management add security. With these solutions, investors can safeguard their digital assets and navigate this evolving landscape confidently.

This is the most exciting thing I've ever worked on. We're creating a decentralized network for transaction policy enforcement. "Today, we are thrilled to announce the development of the Squads Policy Network (SPN), a decentralized network designed to enhance the functionality of Squads Protocol on Solana and the SVM. This will enable granular and general-purpose transaction policies for smart accounts, providing advanced security and flexibility for digital asset management. The SPN will coordinate and incentivize network diversity, reliability, and performance by integrating Jito (Re)staking." Read more about the SPN and what it means here: https://squads.so/blog

How DORA Will Affect the Digital Asset Space Karen Murdock Associate General Counsel, EMEA This January, the EU’s Digital Operational Resilience Act (DORA) will come into force, along with a number of other EU crypto regulations, and it is poised to usher in a new era for technology providers – in both the traditional and digital asset markets. What is DORA and why is it happening? DORA is a new set of EU regulations that officially come into force on January 17th 2025. DORA looks to introduce significantly higher standards for managing information and communication technology (ICT) as regulators aim to strengthen operational resilience at companies that are part of the global financial market infrastructure.  DORA has significant implications for firms operating throughout the digital asset ecosystem, whether they are licensed crypto-asset service providers (like custodians) or traditional regulated financial institutions. The importance of digital operational resilience and protecting against cyberattacks, along with the attendant reputational risks, has always been important for these companies. DORA now provides a more expansive set of regulations aimed at ensuring enhanced protections for the European financial system, harmonized across the twenty-seven member states. As firms are heavily reliant on communications technology, including technology supplied by third party partners, DORA aims to ensure that companies are ready and prepared for outages and cyberattacks that result from the vulnerabilities in these systems. Regulators are right to be raising the bar.  What will DORA require? DORA will require companies to consider their internal digital security and resilience preparedness, as well as that of their third-party service providers¹. The rules aim to strengthen the operational resilience of EU financial institutions by achieving two core objectives:  Making sure that firms are equipped to handle outages and disruptions affecting their ICT infrastructure, and minimizing the risk that third-party supplier glitches or cyberattacks impact the European financial system Who will be impacted by DORA? Regulated financial institutions, including crypto-asset service providers (CASPs) licensed under the Markets in Crypto-Assets Regulations (MiCA), will be heavily impacted by the new rules. They will have to make sure that they have detailed response plans for incidents such as cyberattacks and hacks, and they will have to conduct regular stress testing exercises and install monitoring systems to prove they can withstand and recover from such events. By focusing on third-party relationships, regulators are also making sure to minimize negative ripple effects from a single service provider to the overall industry and the systemically important players within it.

ZenRock, a prominent player in the decentralized finance (DeFi) space, has recently launched a decentralized custody solution. This initiative aims to address growing user concerns regarding security in the DeFi ecosystem. As the DeFi landscape has experienced its share of challenges, ZenRock’s offering seeks to provide a sense of security and trust. The decentralized custody […]

ZenRock, a prominent player in the decentralized finance (DeFi) space, has recently launched a decentralized custody solution. This initiative aims to address growing user concerns regarding security in the DeFi ecosystem. As the DeFi landscape has experienced its share of challenges, ZenRock’s offering seeks to provide a sense of security and trust. The decentralized custody […]

🛠 Security brick vs security innovation… Jump Trading Group’s CTO shares with Cordial Systems Conor Patrick the latest considerations for any technology leader thinking about how to rollout digital asset or cryptocurrency operations. Article linked below. 🔑 First is to make the keys themselves difficult to walk off with... However, equally, you don’t want to go so far down that road that you end up with an ultra secure but ultimately unusable brick - the private key still needs to routinely perform signature operations hundreds of times per day. 🔥 MPC is good, but not a silver bullet, but a policy engine should also be distributed. You could distribute your key across a 1,000 places and no one walks home with it but if you sign something bad then it’s game over. At some point the incremental benefit of splitting the key is 0. Whereas with policies on the business logic side you are approaching the maximal value of the key. It’s difficult to get that right, easy to do disproportionate security in one area that is not balanced or ignores another part of the problem. 🛑 Internal and third party risks. If a privileged actor on your side, or even your vendor if using a SaaS based solution, can change the policy at will then the whole thing is largely moot. So you need to figure out access control to the policy engine. You do not want to rely on your system admin and you definitely should not rely on a vendor to host your policies and do this for you - you’re basically back to trusting them with the private key and to use it correctly. 🆔 Identity management. An enterprise offering needs to decouple identity away from the private key that controls the cryptocurrencies or digital asset of value. There should be long term secrets and short terms secrets. Typically that identity piece is authenticated with Webauthn. If you’re running a large organisation then people come and go and there is a need to rotate things. Generally, in industry we see variable security posture, some are hyper paranoid and then some are storing private keys in AWS secret manager… we are trying to find the optimum rather than the extreme. 📖 Read more wisdom in the linked article. Also let us know in the comments if you want to hear more about any of these problems in greater technical detail. Alternatively, reach out through the Cordial Systems website if you want to learn how we help technology leaders solve these problems.

As digital assets like cryptocurrencies become mainstream, users and service providers need to get a handle on digital asset custody, while understanding the basics of distributed ledger technology (DLT). In this blog, we would like to give you a basic understanding of what digital asset custody is, how it differs from traditional custody, its various approaches, and the benefits and risks associated with each approach. We provide the technology and counsel needed to implement secure digital asset custody. If you’re interested, do not hesitate to contact us!

Digital Asset Custody Solutions: Protecting Your Digital Investments Digital investments, from cryptocurrencies to NFTs, are expanding rapidly. This growth brings a crucial need for secure storage solutions, known as Digital Asset Custody Solutions. These are like digital safes that protect assets against hacks, theft, and other risks. Custody providers offer hot storage for accessible assets and cold storage for long-term safety. Key features like multi-signature technology and private key management add security. With these solutions, investors can safeguard their digital assets and navigate this evolving landscape confidently. https://okt.to/NKbHgk

Curious about the best way to manage your digital assets? Dive into our latest article comparing self-custody with qualified custodians. #CryptoInsights #DigitalAssets #WealthManagement