# kaal:claim:3936876-022

**Claim.** Institutional investors are less likely to engage in digital asset investments where custody solutions for digital assets are underdeveloped, and they find it difficult to commit fully until a reliable and respected custody solution exists.

**Type.** condition  **Support.** argued

**Holds when.**

- institutional investors with client safety obligations

**Source quote.**

> Institutional investors are less likely to engage in digital asset investments if the custody solutions for digital assets are underdeveloped.

**From.** Wulf A. Kaal, Hayley Howe, *Custody of Digital Assets* (2021), III. Custody Requirements for Institutional Investors, page 19

**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

**Failure mode.** underdeveloped custody suppresses institutional demand  (family: custody-and-key-loss)

**Topics.** institutional-design, defi, economics

**Keywords.** institutional-investors, custody, adoption-barrier, market-development

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3606663-015
- extends: https://wulfkaal.github.io/claims/3606663-016

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