We recommend that all organizations working with crypto, web3 or digital assets implement transaction policies. This is a great way to prevent loss of assets without sacrificing speed and efficiency from an operational perspective. If you’re interested in learning what a crypto transaction policy is and why it’s important, check out the basics here. If you’re ready to start implementing transaction policies at your organization, you’ve come to the right place.

When working with digital assets or crypto, it can be difficult to know how many organizations and teams have access to your private keys at all times. In order to protect your customers and investors, it’s critical to develop a transaction and user policy layer. From compromised internal actors to simple fat fingers errors, the crypto industry is no stranger to both mistakes and targeted attacks leading to major losses.

ABN AMRO, headquartered in Amsterdam, became the first bank in Europe to register a digital bond on the public blockchain, using Fireblocks. The digital bond was issued to a select group of investors to raise funds on behalf of APOC, an ABN AMRO commercial client in the aerospace industry. ABN AMRO’s bond issuance sets an innovative precedent in bringing more real world use cases of blockchain technology to traditional financial markets.

“Not your keys, not your crypto” is a common phrase in the world of digital assets, and for good reason. Private keys are the only information required to sign transactions and move your digital assets. Because of this, only trusted individuals or third parties should have access to your organization’s private keys. But how do you ensure this stays true as you grow your business, team, and network of counterparties?