Asset owners (or custodians) generate private keys, sign messages indicating asset transfer, and then broadcast those messages to the public so that the world can verify the scarce asset hasn’t been double spent. Each private key is tied to a public key. Where KYC/AML are necessary, public keys can be mapped to some off-chain identity system (e.g. ... See more

Custody Cover aims to protect users who put funds into organizations that hold user funds and assets, such as centralized exchanges and centralized borrowing/lending platforms. Users will be covered in events where: The custodian gets hacked and the user loses more than 10% of their funds, or Withdrawals from the custodian are halted for more than

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