Pacific Water Drop Digital Asset Quantitative Fund: Recommended Industry to Custody All Cryptocurrency Assets with Third Party Licensed Institutions

According to BlockBeats, on February 22nd, the Pacific Water Drop Digital Asset Quantitative Fund recommended that the industry adopt a more compliant and secure solution to avoid serious threats to asset security caused by Bybit like hacking incidents. The specific plan is that its transactions are conducted on the top trading platform, but all encrypted assets are entrusted to third-party licensed institutions, achieving institutional level secure custody. The fund trading platform account and the custodian institution adopt an asset mapping mechanism, which can ensure the security of fund assets even in the worst-case scenario of the trading platform. This crisis has no impact on the operation of the fund.