As the fintech world gathers at Money20/20 Las Vegas 2024, we believe that, in addition to the focus on AI and fintech, we might see an increased focus on a lesser-known topic: digital asset security. With institutional interest in cryptocurrencies and digital assets growing rapidly, safeguarding these assets has never been more critical. From secure storage solutions to regulatory compliance, the need for robust digital asset security is shaping the future of the finance industry—and will be a major topic of conversation at this year's event.

For institutions managing millions—if not billions—in digital assets, the stakes are high. Coinsdo, a leader in institutional-grade digital asset custody, will be at Money20/20 to share insights and innovations that are setting new standards in secure asset management. Here’s why we believe digital asset security will take center stage and how Coinsdo’s solutions are playing a pivotal role.

The Increasing Importance of Digital Asset Security in 2024

2024 is poised to be a breakthrough year for the institutional adoption of digital assets. According to a recent study, 97% of institutional investors believe that digital assets will be a significant part of their portfolios in the next decade. Cryptocurrencies, decentralized finance (DeFi) tokens, and even non-fungible tokens (NFTs) are rapidly being integrated into the portfolios of hedge funds, family offices, and asset managers. However, as the value of these assets skyrockets, so does their vulnerability.

In 2023 alone, $1.7 billion worth of cryptocurrency was stolen by hackers, which stunningly enough is a decrease from the previous year. Institutions must safeguard their holdings from both external threats and internal risks, while navigating a complex landscape of regulatory requirements such as AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols.

At Money20/20, digital asset security will be a key theme as fintech leaders and financial institutions explore how to mitigate these risks. With a focus on innovation and compliance, the event will highlight how secure custody solutions are helping institutions protect their assets and navigate the evolving regulatory environment.

How Custody Solutions Address Security Risks

For institutional investors, digital asset custody solutions are essential to mitigating the risks associated with holding and managing digital currencies. Custody providers offer a suite of services designed to secure digital assets and protect them from theft, fraud, and loss. But what makes these solutions so vital?

1. Secure Storage Solutions: Custody providers like Coinsdo empower institutions to move their digital assets seamlessly between cold and hot wallets, ensuring both maximum security and operational flexibility. With multi-party computation (MPC) technology, transactions require approval from multiple parties, significantly enhancing security while allowing institutions to manage their assets efficiently. This approach ensures that even high-value assets remain protected without sacrificing ease of access and movement.
2. Regulatory Compliance: Navigating the regulatory landscape for digital assets is no small feat, especially with different countries imposing their own rules. Coinsdo’s custody solutions ensure institutions stay compliant with stringent regulations like FATF, SEC, and other global standards. Regulatory uncertainty remains the biggest barrier to digital asset adoption, with 83% of institutional investors citing it as their primary concern.
3. Risk Management: Coinsdo also offers advanced risk management tools, further protecting institutional investors from unforeseen incidents. Given that the average cost of a data breach in the financial sector is $5.85 million, securing these assets is paramount.

At Money20/20, expect to see deep discussions on how custody solutions like Coinsdo’s are becoming indispensable to institutions looking to safely scale their investments in digital assets.

Why Money20/20 is the Platform for Security Innovation

As one of the largest gatherings of fintech professionals, Money20/20 is the ideal venue for tackling the most pressing issues in digital finance—digital asset security chief among them. From financial institutions and regulators to technology innovators, attendees will be laser-focused on discussing how to secure the future of digital finance.

Sessions on cybersecurity, DeFi, and institutional finance could potentially central themes. Security-focused innovations, such as blockchain-based protection measures, smart contract audits, and AI-driven fraud detection, will also take center stage.

For Coinsdo, this provides a perfect opportunity to engage with the broader fintech community and showcase how its custody solutions are not only addressing today’s security challenges but also anticipating future ones.

Coinsdo’s Participation at Money20/20

Showcase of cutting-edge digital asset custody technology: Coinsdo will highlight its comprehensive solutions for secure digital asset management.

Collaboration with industry leaders: Money20/20 offers an unparalleled opportunity for Coinsdo to collaborate with other leaders in the digital asset space to set new security standards and innovative approaches for protecting institutional investments.

Final Thoughts

As institutional adoption of digital assets accelerates, digital asset security will undoubtedly be a major focus at Money20/20 Las Vegas 2024. From secure custody solutions to evolving regulations, the need to protect institutional investments is reshaping the fintech landscape. Coinsdo, with its institutional-grade custody solutions, is well-positioned to lead the conversation on how institutions can navigate this complex, high-stakes environment.

Want to learn more about how Coinsdo can protect your institution's digital assets? Schedule a meeting with our experts at Money20/20 Las Vegas or visit our booth to see how our cutting-edge custody solutions are shaping the future of institutional finance.