kaal:claim:3936876-006

Self-custody of securities declined in prevalence after the Stock Market Crash of 1929 because investors recognized how inherently risky the bearer certificate system was.

Source quote, verbatim

Self-custody decreased in prevalence after the Stock Market Crash of 1929 when investors recognized how inherently risky this system was.

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), II.1 Custody Requirements for Traditional Assets, p. 7
https://ssrn.com/abstract=3936876 · source PDF

Cite as

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

Holds when

United States securities markets before and after 1929

Classification

mechanismsupport: asserteddefisecurities-lawrisk-and-incentives

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 9bc0903d01910460298e754c451f027df4324367359800a98ee8e638d94aff55. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/57705cfd7519f4e7...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3936876-006.md | sha256sum