How does the role of a custodian differ from that of a trustee when it comes to managing digital assets?

1 answers

• May 06, 2022 · 3 years ago
  The role of a custodian and that of a trustee differ in terms of ownership and decision-making authority when it comes to managing digital assets. A custodian holds the assets on behalf of the owner and is responsible for their safekeeping. They implement security measures to protect the assets from unauthorized access or theft. On the other hand, a trustee has legal authority and control over the assets. They make decisions regarding the assets based on the terms of a trust agreement. While custodians focus on security and protection, trustees focus on managing and growing the assets in accordance with the trust's objectives. Both roles are crucial in ensuring the proper management of digital assets, but they have distinct responsibilities and areas of expertise.
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