What secure, enterprise-grade crypto storage solutions (wallets) currently exist on the market? Fireblocks' Head of APAC & Vice President, Product Strategy and Business Solutions, Stephen Richardson, explains. There are two types of enterprise-grade crypto storage solutions (wallets) exist in the market: Multisig wallets (ex: Bitgo, Coinbase, Gemini, Paxos) and MPC wallets (Ex: Unbound, SharpX, Fireblocks).

In 2022, many financial institutions across the globe are investing in digital assets. The crypto market now has a market cap of more than $2 trillion, and the number of crypto wallets has ballooned to 260 million. If your organization is looking to invest in the space – or already has – you may be wondering, “Do we need a ‘qualified cryptocurrency custodian’ to hold our digital asset investments?”