Why is it important for digital asset custodians to have clear corporate resolution signing authority?

3 answers

• Apr 30, 2022 · 3 years ago
  Having clear corporate resolution signing authority is crucial for digital asset custodians because it ensures that there is a clear and legally binding process in place for making important decisions and executing transactions. This authority allows custodians to act on behalf of the company and make decisions that are in the best interest of the digital assets and their owners. Without clear signing authority, there is a risk of confusion, disputes, and potential legal challenges, which can have serious consequences for the custodian and the assets under their control.
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• Apr 30, 2022 · 3 years ago
  Digital asset custodians need clear corporate resolution signing authority to establish accountability and transparency in their operations. This authority ensures that there are proper checks and balances in place, preventing unauthorized individuals from making decisions or accessing the assets. It also provides a clear framework for decision-making, reducing the risk of errors or fraud. By having clear signing authority, custodians can demonstrate their commitment to responsible and secure asset management, which is crucial in the digital asset industry.
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• Apr 30, 2022 · 3 years ago
  As a digital asset custodian, BYDFi recognizes the importance of clear corporate resolution signing authority. It allows us to ensure that all decisions and transactions are made in accordance with established protocols and legal requirements. This authority provides a clear framework for decision-making and helps us maintain the highest standards of security and compliance. By having clear signing authority, we can provide our clients with the confidence that their assets are being managed in a responsible and secure manner.
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