MJ Hudson launches digital asset custody benchmarking service

MJ Hudson, the UK-based solutions provider to the asset management industry, has introduced a new custody benchmarking service specifically for clients investing in digital assets. The new service will benchmark the capabilities of major custodians for key themes across digital asset custody provision, including strategy and commitment, digital asset coverage, fraud prevention, private key management, reporting, governance, legal and regulatory approvals, and fees. For the past 20 years, MJ Hudson’s custodian bank benchmarking team (formerly Amaces, which it acquired in 2018) has been supporting clients in the search and selection of custody providers for traditional assets. MJ Hudson will now work with clients and the wider market in the search and selection process for firms looking to appoint a digital asset custodian.