Coinbase CEO Brian Armstrong officially introduced Coinbase Custody, a platform targeted at institutional investors. The new product is intended to be ultra-secure:
We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require:
Source
We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require:
- Strict financial controls (multiple signers, audit trails, limits, etc)
- Dedicated account representatives and phone support
- SLAs on funds transfers
- A regulated digital currency custodian
- Multi-user accounts with separate permissions
- Support for a wide range of digital assets and currencies
- Insurance (in some cases)
- And high levels of cyber and physical security
Source