Wallet Evolution: Why Institutional Digital Assets Need More Than Secure Keys?
Image courtesy of Cregis
Digital-asset wallets have evolved alongside the industry they serve. Initially designed to store assets and authorize transactions, they have developed into enterprise infrastructure supporting increasingly complex financial operations. As banks and other institutions enter the market, however, the requirements extend beyond secure key management. Institutions must also demonstrate control over access, authorization, asset movements, and operational records.
This shift is shapingCregis’s expansion from MPC-based self-custody wallets into institutional asset management and custody. Founded in 2017, the digital-asset infrastructure company has developed Trust Vault, a governance framework for institutional operations, and expanded into custody.
We spoke with Aaron Zhang, co-founder of Cregis and CTO of Cregis Custody FZE, who has worked on digital-asset products since 2015, about the evolution of wallet infrastructure, the changing requirements of institutional custody, and the technology needed to support them.
Q: You began working on digital-asset products in 2015. What...
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