Chain Reaction – Fidelity Digital Assets’s Ria Bhutoria: The Paperwork Crisis to Crypto Custody Today

This article was originally posted on The LTB Network - a publishing platform created for content providers to present the ideas and people involved with cryptocurrency — through podcasts, articles, and discussion forums.

Host Tom Shaughnessy talks to Ria Bhutoria, Director of Research at Fidelity Digital Assets. Ria discusses her recent article about Omnibus model, the importance of proof of solvency, technological developments in crypto and DeFi in financial institutions, and more.

Key Points

  • The omnibus account model has been important to large financial institutions as the cryptocurrency market has grown.
  • Using omnibus accounts with digital assets means some value is stored online and some is stored offline.
  • Large financial institutions are buying into digital assets and developing new technology for it slowly, but surely.

Tweetable Quotes

‘œIt’s easy to get lost in the day-to-day, and we’re so used to seeing constant news flow and announcements that it really takes taking a step back to realize how much progress we’ve actually made.’ ‘”Ria Bhutoria

‘œThere’s a lot of development going on, and a lot of it is just seemingly small improvements, but in aggregate I think it’s making the whole ecosystem more robust and stronger.’ ‘”Ria Bhutoria

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