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RE: The NYSE likely has found a bitcoin custody solution for institutional clients!
The crypto economy is still very small if this potentially falls true there will be a huge new market opening up to crypto.
Wall street is coming!
the custodian will be taking on an enormous amount of risk frankly. Have to make sure they don't get hacked, compromised or that employees of this custodian aren't able to steal it either. No recourse for them if they screw up. Hopefully, they're going to charge an appropriate premium to act as a custodian as it bears significant risk.