JUST IN: Google unveils a new crypto custody framework to protect digital assets for banks 👀
"Several major financial institutions are already testing it, and Google plans to open it up early next year as stolen private keys has cost the crypto industry billions." 👏
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Custody shifts key risk to the provider. Recall 2022: ~$2.1B lost to breaches. While enterprise adoption grows, on-chain data shows 71% of BTC supply is dormant, relying on cold storage security, not cloud frameworks.