The custody of tokenized assets remains somewhat fragmented. This is partly due to regulatory differences across jurisdictions, but it also reflects the diversity of blockchain protocols, the various types of tokens, and the range of technical standards that custodians need to support as the market evolves.
Among the main obstacles preventing financial institutions and other organizations from more rapidly embracing tokenization, several specific challenges stand out. These challenges include uncertainty around standards, legal and regulatory ambiguities, and the lack of clear definitions for related terminology.
Custodians offer security, simplicity, ease of control, and transparency. While the assets may change, these needs remain constant.
The role of custodians is evolving, gradually becoming an integral part of the tokenization ecosystem—a facilitator, a driving force, and a bridge to a new world that is yet to be fully realized. Tokens are no longer on the periphery—they have become a long-term phenomenon, with the potential for innovation that will shape the financial markets of the future.
