Crypto custody is not only responsible for storing private keys (e.g. in software or hardware) but also for deciding the scheme of signing transactions by using private keys. For the self-custody scenario, technically, it could be a significant improvement if distributed custody can be adopted.
In this article, we define distributed custodial solutions as the ways in which to distribute sole control of a transaction across multiple parties/devices in order to avoid a single point of failure. There are mainly two solutions that achieve this: multi-signature (multisig) and multi-party computation (MPC). We disclose the magic behind them and how general retail investors can access them.
Read the full report: Distributed Crypto Custody