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What is the safest way to store digital currencies? The answer to that question could decide the biggest winners in a multibillion-dollar race to determine what companies will be the leading custodians of cryptocurrencies for money managers and other institutions
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For cryptocurrencies, the role of custodian is especially important, since all a thief or hacker needs to steal cryptocurrency is the string of private keys, or codes, assigned to that specific asset. As a result, a roster of companies ranging from fintech startups to some of the biggest names in the financial-services industry are now competing to play the role of cryptocurrency custodians.
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