Veda and Bluprynt Submit SEC Letter on Custody Regulation

In collaboration with blockchain compliance firm Bluprynt, we’ve submitted a joint policy brief to the US Securities and Exchange Commission that explains why digital asset custody regulation should focus on the protections an arrangement delivers, not the institutional form it takes. 

A properly designed onchain vault, paired with continuous verification, can protect against misappropriation, commingling, insolvency exposure, and false reporting through transparent governance and cryptographically-enforced controls.

Recognition should be conditional, standards-based, and provider-neutral.

We’re asking policymakers to recognize that technology like vaults can achieve custody protections directly, continuously, and transparently.

Read the full text of our submission here.