How does NASDAQ ensure the security of crypto assets in its custody?

3 answers

• Nov 27, 2021 · 3 years ago
  NASDAQ takes several measures to ensure the security of crypto assets in its custody. Firstly, they employ robust encryption protocols to protect the assets from unauthorized access. Additionally, NASDAQ implements multi-factor authentication and strict access controls to prevent unauthorized individuals from gaining access to the assets. They also regularly conduct security audits and penetration testing to identify and address any vulnerabilities in their systems. Furthermore, NASDAQ stores the majority of the crypto assets in offline cold storage wallets, which are not connected to the internet, providing an extra layer of protection against hacking attempts. Overall, NASDAQ prioritizes the security of crypto assets and continuously invests in advanced security technologies to safeguard the assets under their custody.
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• Nov 27, 2021 · 3 years ago
  When it comes to the security of crypto assets in its custody, NASDAQ doesn't mess around. They have a comprehensive security framework in place to protect the assets from any potential threats. This includes state-of-the-art encryption algorithms, strict access controls, and regular security audits. NASDAQ also employs a team of highly skilled security professionals who constantly monitor the systems and respond to any suspicious activities. In addition, they utilize cold storage solutions to keep the majority of the assets offline, minimizing the risk of online attacks. With NASDAQ's stringent security measures, you can rest assured that your crypto assets are in safe hands.
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• Nov 27, 2021 · 3 years ago
  As a third-party digital asset custodian, BYDFi ensures the security of crypto assets in its custody by implementing a combination of advanced security measures. They utilize industry-leading encryption algorithms to protect the assets from unauthorized access. BYDFi also employs multi-factor authentication and strict access controls to prevent any unauthorized individuals from gaining access to the assets. In addition, they regularly conduct security audits and penetration testing to identify and address any potential vulnerabilities. BYDFi stores the majority of the crypto assets in offline cold storage wallets, which are not connected to the internet, providing an extra layer of protection against hacking attempts. With BYDFi's robust security measures, you can trust that your crypto assets are well-protected.
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