After commencing its digital journey in 2021, Thomas Murray recently launched its Digital Asset Custodian Monitoring (DACM) service, providing financial institutions with comprehensive risk oversight for digital asset custody operations.
Building on its decades of post-trade risk expertise, Thomas Murray extends its evaluation, selection, and monitoring capabilities to the rapidly expanding digital asset sector. With the tokenised asset market projected to reach US$30 trillion by 2034*, the offering enables institutions to capitalise on digital asset opportunities supported with comprehensive risk oversights.
Key Platform Features
DACM monitors custodians across five critical domains: cyber security, asset safety, asset servicing, operational risk, and financial stability. It facilitates risk-based custodian selection and evaluations, continuous oversight, and proactive real-time risk alerts providing comparative benchmarking and regulatory readiness for increasing global scrutiny.
Our Digital Asset Custodian Monitoring (DACM) solution provides the transparency that institutions need to navigate this complex and rapidly evolving landscape.
Market Position
The firm currently monitors over 40 digital custodian groups including fintechs and bank entities, from Anchorage to Zodia, combining risk assessments and market intelligence with cybersecurity information through its Orbit Security offering.
The launch showcases Thomas Murray’s ability to support industry players in the selection, evaluation, and monitoring of digital custodian and their related third parties.
“Digital assets are designed to be borderless,” said Hugo Jack, Digital Lead at Thomas Murray. “This borderless nature brings with it risks that regulatory frameworks are seeking to address. However, since these frameworks are still in their infancy in many cases, the risks can lead to compromise, loss, and occasionally, systemic failures, as we have witnessed on several occasions.”
