The Inevitable Future of Digital Asset Custody - TOKEN2049 Singapore 2022
Explore the transformative landscape of digital asset custody in our TOKEN2049 Singapore 2022 conference talk, "The Inevitable Future of Digital Asset Custody." Presented by Chang, co-founder and CTO of Cobo, Asia Pacific’s leading digital asset custodian and blockchain technology provider, this insightful session examines the rapid evolution and future trajectory of digital asset custody within the crypto sphere.
Digital asset custody, crucial for safeguarding digital assets, is a pivotal gateway for institutional adoption of cryptocurrency. Over the past three years, this sector has burgeoned by 600%, managing assets exceeding $200 billion and attracting significant global investment interest. With the blockchain ecosystem evolving swiftly, the talk addresses pressing questions about the future of digital asset custody and highlights factors that could emerge as mainstream focal points in coming years.
Chang unveils the "trinity model" of custody development, centered around users, technological advancements, and blockchain applications. He identifies crucial trends, such as the dramatic growth in crypto ownership and the shift from retail to institutional users. Furthermore, Chang presents four groundbreaking predictions for the future: the need for full-stack solutions, unified user experiences, programmable infrastructure, and full decentralization.
Introducing the ambitious Cobo Chain project, Chang envisions a community-driven, fully decentralized custody platform poised to tackle existing challenges and power the blockchain ecosystem. The talk invites investors and developers to collaborate in building the next generation of digital asset custody solutions.
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