Latin American institutions prioritize secure custody in provider choice
Summary
In Latin America, secure custody and wallet governance has emerged as the leading priority for 75% of institutions selecting an infrastructure provider, a figure higher than any other region. This emphasis on custody is significant as it fundamentally influences the entire digital asset business framework. According to Fireblocks’ Financial Grid report, Latin America is recognized as an advanced adopter of digital asset infrastructure, with many financial institutions actively allocating budgets and piloting use cases to enhance their digital asset operations.
Analysis
Latin American institutions: Financial institutions across Latin America, including banks and corporates, are increasingly evaluating digital asset infrastructure for custody, payments, and settlement use cases. In this news item, they are the surveyed decision-makers, and the main takeaway is that secure custody and wallet governance are their top infrastructure priority when choosing a provider. Regional context: Latin America is presented as an advanced regional adopter relative to some other markets, with institutions showing strong interest in infrastructure that supports secure digital asset operations. Payments priority: The same report finds that 24/7 settlement, real-time payments, cross-border payments, and digital asset custody are all viewed as major strategic priorities in the region. Digital asset buildout: Fireblocks’ Financial Grid Latin America report says many Latin American financial institutions are already committing budget to digital asset infrastructure and are actively piloting related use cases.
Categories
crypto
Related sources
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