Why is it necessary for digital asset custodians to undergo a trail of bits audit?

3 answers

• Martin XJan 06, 2025 · 6 months ago
  As digital assets become more prevalent, the need for secure custodianship is crucial. A trail of bits audit ensures that custodians have implemented robust security measures to protect these assets. By undergoing this audit, custodians can demonstrate their commitment to safeguarding digital assets and provide assurance to investors and users.
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• Valid CodeJul 01, 2020 · 5 years ago
  Digital asset custodians handle large amounts of valuable assets, making them attractive targets for hackers. A trail of bits audit helps identify vulnerabilities in their security systems and ensures that appropriate measures are in place to mitigate risks. This audit also helps build trust among users, as they can be confident that their assets are held by custodians who prioritize security and take proactive steps to protect against cyber threats.
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• Raun BentleyFeb 24, 2022 · 3 years ago
  At BYDFi, we understand the importance of security in the digital asset industry. That's why we undergo regular trail of bits audits to ensure the highest level of protection for our users' assets. These audits help us identify any potential weaknesses in our security infrastructure and allow us to address them promptly. By undergoing this audit, we can assure our users that their assets are in safe hands and that we are committed to maintaining the highest security standards.
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