Why custodians must adapt with technology, not reinvent themselves

AS THE US$245 billion digital asset industry continues to grow, modern custodian banks today are expected to leverage technology to better safeguard both the traditional and digital assets of their customers.

But is this really enough to thrive in the current Covid-19 economic crisis that's set to trigger a potential global recession?

The true challenge custodians are facing is how to use technology to enhance their existing services, without completely reinventing themselves.