kaal:claim:3936876-021

Cold wallets typically lack the multisig feature that is common in hot storage, so the single employee acting as agent for a corporation may be the only access point to the corporate digital assets.

Source quote, verbatim

Accordingly, the person who acts as an agent to a corporation who holds the assets on behalf of the company may be the only access point to the corporate assets.

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), II.2.b Cold Storage, p. 18
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

corporate or treasury holdings in cold storage without multisig

Classification

failuresupport: arguedfailure: single agent key person riskfamily: custody-and-key-lossrisk-and-incentives

Verify

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