Editorial · Custody risk
Primers on the operational architecture of digital-asset custody — hot/warm/cold splits, MPC and multi-signature design, HSM grade, signing-quorum policy, and the binders that respond to each peril.
Primers
2 primers
Custody risk · 18 May 2026
A close reading of the 2023 Atrium 609 hot-wallet wording, against the smart-contract logic-failure exclusion language commonly attached to it.
Custody risk · 3 May 2026
A taxonomy of HSM grade, signing-quorum policy, hot/cold split, MPC vs multi-sig, and the perils each architecture exposes.
Subscribe
One primer per month. One brief market commentary per week. No marketing material. No third-party sharing. Ad-hoc unsubscribe in any email.