CMTA releases Digital Assets Custody Standard

The Capital Markets and Technology Association (CMTA), an independent Swiss association has released the “Digital Assets Custody Standard” (DACS), a set of requirements and recommendations for technology solutions enabling the custody and management of digital assets

First Published by e-Forex News: May, 2020

Fedor Poskriakov
Fedor Poskriakov

The Capital Markets and Technology Association (CMTA), an independent Swiss association has released the “Digital Assets Custody Standard” (DACS), a set of requirements and recommendations for technology solutions enabling the custody and management of digital assets. This document aims to fill in a gap, as digital asset custody is not yet subject to clear minimum security and operational requirements, contrary to traditional asset custody.

Commenting on this Fedor Poskriakov, General Secretary at the CMTA and Partner at Lenz & Staehelin, said that, “The digitalization of the capital markets infrastructures is accelerating. In that context, the launch of the “Digital Assets Custody Standard” represents a key milestone, as it is the first initiative of the Swiss financial industry to agree on a common standard for custody and management of digital assets.”