kaal:claim:3606663-015

Institutional investors face a distinct barrier beyond volatility: fiduciary responsibility to their clients limits the type of risk they may take on, and the lack of custody solutions recognized by regulators compounds the problem.

While larger institutional players face the same issues, they are also limited by their fiduciary responsibility to their clients, which limits the type of risk they can be exposed to. Compounding these challenges is the lack of stable custody solution(s) that are recognized by the regulators.

Kaal, Digital Asset Market Evolution (2020), 4. Regulatory Uncertainty, p. 37
https://ssrn.com/abstract=3606663 · source PDF

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

• institutional investors subject to fiduciary duties
• early 2020s absence of regulator recognized custody solutions

failuresupport: arguedfailure: fiduciary and custody constraints block institutional entryfamily: adoption-and-usability-barrierinstitutional-designcorporate-governancedefieconomics

• restated_by kaal:claim:3936876-022 Institutional investors are less likely to engage in digital asset investments where custody solutions for dig...
• extended_by kaal:claim:3936876-023 Self management of private keys or passphrases for individual digital assets is too cumbersome for institution...
• restated_by kaal:claim:3936876-003 Without the ability to rely on proven custody providers, mainstream and legacy institutional investors are res...

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