One of the biggest concerns of the cyber world is security. While blockchain may seem like a labyrinth for hackers, we are far from accurate. 

Joining the panel were Adam Healy, the CISO of Bakkt; Ivan Brightly, the CISO of Galaxy Digital, Michael Shaulov, the CEO of Fireblocks and of course,  Sal Ternullo, the Director of Crypto Asset Services at KPMG. Moderating the panel was David Schwed, the Program Director at Yeshiva University

Kicking off to find and solve the Unique Challenges for Institutions Securing Blockchain Assets, the panel focussed on the institutional level security challenges that are inherent while utilizing blockchain and various crypto currencies.

The first major issue discussed was about custody issues in holding crypto currencies. While we know how to protect our keys and but we still lose custody due to some of the most common mistakes. SEC has recently released a paper that has upped the prospects of solving the custody issues.

To this Ivan Brightly says “back then, a market maker was a single entrepreneur or an individual” Slowly, we have moved forward to better solutions that help us have better custody over our crypto. Galaxy and Fire Blocks are a case in point.

In the next 12 months, we can expect better solutions to solve the institutional level custody problems.

Adding to this, Micheal Shaulov says that “the ecosystem of custody providers has really matured to the point that you can find different solutions to different problems”

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