# kaal:claim:3936876-005

**Claim.** Custody of a digital asset is not physical possession but ownership and control over a digital asset wallet, which in practice means holding the private keys and bearing responsibility for keeping the funds safe.

**Type.** definitional  **Support.** asserted

**Holds when.**

- applies to intangible digital assets rather than tangible chattel or real estate

**Source quote.**

> Custody of digital assets is typically associated with ownership and control over a digital asset wallet and its assets. Such ownership and control over a digital asset wallet typically means holding the private keys and the responsibility of keeping funds safe.

**From.** Wulf A. Kaal, Hayley Howe, *Custody of Digital Assets* (2021), II. Custody of Assets, page 4

**Cite as.** Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

**Verify.** sha256 of source PDF `9bc0903d01910460298e754c451f027df4324367359800a98ee8e638d94aff55` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Howe%20-%202021%20-%20Custody%20of%20Digital%20Assets.pdf

**Topics.** defi

**Keywords.** custody-definition, private-keys, wallets, control

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/4900878-038

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.