BUSINESS
Why Do Institutions Need A Digital Asset Custodian?
Why do so many CeFi and DeFi institutions suffer breaches despite the formidable security of blockchain’s distributed ledger? The answer lies in manner of treasury management. Treasury management continues to get challenging, with emerging security challenges and roadblocks in the crypto landscape. The key principle of treasury management is simple – to safeguard the private key and, in turn, digital assets from unauthorized access.
However, DeFi protocols and Web3 businesses continue to witness relentless cyberattacks and internal hit jobs. Hackers siphoned off over $3.8 billion in funds in 2022 alone, making it the worst year in terms of crypto hacks. 2023 was even worse. The biggest fear of the stakeholders is the relentless cyberattacks on sensitive on-chain architecture continuing in 2024. Those sticking with traditional cryptographic solutions to safeguard their assets are at the highest risk.
Amidst the increasing risk of cyberattacks and wallet hacks, institutions need digital asset custody solutions. In this blog, we explore why.
Storing Digital Assets Is Complex
First and foremost, storing digital assets is complex due to increasing security risk. The sudden spike in crypto hacks is a testament to the intricacies of digital asset custody. To make matters worse, the blockchain industry continues to undergo a transformation toward an interoperable environment, meaning more chains, more assets, and more security vulnerabilities.
The security architecture must evolve to keep up with this transformation. However, upgrading the security architecture every time a new chain is added could be fatal to the revenue and efficiency of crypto institutions. This is where a reliable custody solution helps crypto businesses beef up their wallet security while optimizing costs.
Increasing Security Risks
Ever-increasing cybersecurity threats make security a paramount concern for institutions. High-profile hacks and breaches continue to highlight the vulnerability of digital assets. To mitigate these risks, institutions must prioritize security measures that go beyond traditional practices. This is where crypto custodians play a crucial role, offering a fortified layer of protection against evolving threats.
Regulatory Compliance
As institutional involvement in cryptocurrencies increases, so does the need for adherence to regulatory standards. Besides safeguarding digital assets, crypto custodians also help institutions comply with regulatory obligations, ensuring a synergy between operations and legal frameworks. For example, Liminal Custody is FSP licensed in ADGM and BitGo is SEC compliant in US to provide regulated custody.
Decoding The Institutional Adoption of Crypto Custodians
A trend in the cryptocurrency market is seldom illogical. An increasing number of crypto institutions are joining with crypto custodians because they are aware of the dire consequences that await in case of a wallet breach or unauthorized access.
Genesis Capital, CoinDCX, Coinsquare, Telos, Cadenza, and G-2 Group, be it exchanges, liquidity protocols, hedge funds, or market markers, institutions across the segments are partnering with custody solutions like Liminal Custody, BitGo, and Copper to safeguard their assets from all possible accounts. These institutions experience tangible benefits in terms of security, regulatory compliance, and overall confidence in navigating the complexities of the crypto market.
The risk is real, and businesses can’t afford to be lenient at a time when we are on the brink of a massive bull run. It could be detrimental to a) business and b) reputation.
How Does A Crypto Custodian Work?
The primary objective is to provide a secure environment for the storage of private keys, which are essential for accessing and managing cryptocurrency holdings. Here’s an overview of how a crypto custody solution typically works:
Account Setup and Onboarding:
- Users, whether individuals or institutions, initiate the process by creating an account with a crypto custodian.
- The onboarding process involves identity verification and compliance with regulatory requirements.
Creation of Wallets:
- Upon successful onboarding, the custodian creates secure wallets for the user. These wallets can be hot wallets (connected to the internet) or cold wallets (offline for enhanced security).
Generation and Storage of Private Keys:
- The custodian generates private keys for each wallet. Private keys are cryptographic keys that grant access to the associated cryptocurrency funds.
- Specialized hardware security modules (HSMs) or secure enclaves may be used to generate, store, and manage private keys securely.
Multi-Signature Technology:
- Many crypto custody solutions leverage multi-signature (multi-sig) technology. With multisig, multiple private keys are required to authorize a transaction, eliminating the risk of a single point of failure.
- For example, a 2-of-3 multisig setup would require two out of three authorized parties to sign off on a transaction.
Transaction Approval Process:
- When a user initiates a transaction (such as sending or receiving cryptocurrencies), the custodian follows a predefined approval process.
- For multi-sig setups, the required number of authorized parties must sign off on the transaction.
Monitoring and Reporting:
- Custodians typically provide users with tools for monitoring their holdings and transaction history.
- Regular reporting on the status of assets, transactions, and security measures may be offered to keep users informed.
Compliance and Regulatory Reporting:
- Crypto custody solutions adhere to regulatory requirements, which may include Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.
- The custodian may also provide necessary documentation and reporting to comply with financial regulations.
However, the implementation process may vary from solution to solution, depending on the type of wallet infrastructure they offer.
But how would a business know if a custody solution is right for them? Let’s examine the situation.
How To Choose The Right Crypto Custodian
Different businesses may have different custody requirements depending on their operational geography, fund size, regulatory and security obligations, and customization requirements.
Here are a few key defining factors to make an informed decision:
Solution Type:
Diverse platforms offer varying custody solutions, ranging from non-custodial wallets to self-custody, hot wallets, cold wallets, and more.
The decision-making process should involve a thorough review of security requirements and the preferred type of custody.
Number of Assets Supported:
The range of supported assets can be decisive, with some platforms limited to specific token types (e.g., ERC-20). A careful evaluation of operational needs is necessary to align with the platform’s capabilities.
Security Infrastructure:
The dynamic nature of security trends in the Web3 space necessitates a detailed security architecture review. Whether a business requires a multi-sig wallet architecture or an MPC wallet architecture depends on the operation requirements. Ensuring compatibility with the firm’s security expectations is crucial for a reliable custody solution.
Compliance:
The regulatory landscape in the crypto industry varies across countries, demanding a solution that facilitates compliance with local regulations.
Choosing a solution that assists businesses in meeting regulatory obligations is paramount.
Pricing:
Budget constraints often play a pivotal role in the decision-making process.
It’s advisable to initially assess whether the selected solution aligns with the allocated budget.
Remember, as businesses navigate a complex landscape, there is no hard rule for selecting a custody solution provider. Due diligence is a key aspect of decision-making, and businesses must stay ahead of industry trends to make well-informed decisions.
Wrapping Up
Securing digital assets is and must be a priority for crypto institutions, with more and more users jumping on the bandwagon. More inflows mean increased security and regulatory risks as cybercriminals expand their horizons to siphon off funds from different chains.
It is equally important to note that the scope of modern-day custody solutions extends beyond merely safeguarding private keys. While choosing a custody solution, businesses must evaluate if it helps them tackle security, regulatory, and interoperability challenges. As the adoption of digital assets increases, the role of crypto custody solutions is critical in building trust and creating a secure operational environment.
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Introduction to Pikruos
In today’s fast-paced digital landscape, businesses are constantly seeking ways to improve efficiency and stay ahead of the competition. Enter Pikruos—a dynamic partner dedicated to delivering cutting-edge technology solutions tailored for your unique business needs. Whether you’re a start-up or an established enterprise, navigating the complex world of technology can be daunting. That’s where Pikruos shines, providing exceptional support that empowers your organization to thrive in a tech-driven environment. With innovative services designed to streamline operations and enhance productivity, it’s time to explore how partnering with Pikruos can transform your business journey.
The Importance of Technology Solutions in Business
In today’s fast-paced business landscape, technology solutions are no longer optional; they are essential. Companies rely on these tools to streamline operations and enhance productivity.
Effective technology solutions can automate tedious tasks, freeing up valuable time for teams to focus on strategic initiatives. This efficiency drives growth and innovation.
Moreover, the right tech can improve customer experiences. Businesses that embrace digital transformation often see a boost in engagement and satisfaction.
Data-driven insights enable firms to make informed decisions quickly. Organizations harnessing technology stay ahead of competitors by adapting swiftly to market changes.
Security is another crucial aspect. Robust technology solutions safeguard sensitive information against cyber threats, ensuring trust with clients and stakeholders alike.
Investing in effective business technologies paves the way for sustainable success in an ever-evolving environment. Adapting to these advancements keeps businesses agile and competitive.
Services Offered by Pikruos
Pikruos provides a diverse range of technology solutions tailored to meet the unique needs of businesses. From IT consulting to software development, every service is designed with efficiency in mind.
Their cloud services enable seamless data access and enhanced collaboration for teams. With robust security measures, Pikruos ensures that your information remains protected at all times.
Custom software solutions allow businesses to streamline operations effectively. Whether it’s a mobile app or an enterprise system, their innovative approach prioritizes user experience and functionality.
Additionally, Pikruos offers comprehensive support and maintenance services. This way, clients can focus on growth while knowing their technology infrastructure is well cared for.
With ongoing training and resources provided by experts, businesses are empowered to adapt swiftly in today’s fast-paced digital landscape. The commitment to customer satisfaction sets Pikruos apart as a true partner in business technology solutions.
Real World Examples of Pikruos’ Success
Pikruos has transformed businesses across various industries through innovative technology solutions. One notable case involved a mid-sized retail company struggling with inventory management. Pikruos implemented an advanced tracking system that streamlined operations, significantly reducing overstock and stockouts.
In another instance, a healthcare provider faced challenges in patient data handling. With Pikruos’ customized software solution, they enhanced data security while improving access for medical staff. This led to faster patient care and increased satisfaction rates.
Additionally, a startup in the tech sector benefited from Pikruos’ strategic consulting services. By optimizing their digital presence and automating workflows, they achieved impressive growth within months.
These examples illustrate how tailored technological interventions by Pikruos can drive efficiency and success for diverse organizations. Each story reflects their commitment to understanding unique business needs and delivering impactful results.
Why Choose Pikruos for Your Business Technology Needs?
Choosing Pikruos means investing in innovation and expertise. With a team of seasoned professionals, we deliver tailored solutions that align with your specific business goals.
Our commitment to quality sets us apart. We understand the unique challenges businesses face today and provide strategies that drive growth and efficiency.
Pikruos prioritizes customer satisfaction above all. Our collaborative approach ensures you are involved throughout the process, fostering transparency and trust.
We leverage cutting-edge technology to streamline operations. This not only boosts productivity but also enhances user experience across your organization.
When you partner with Pikruos, you’re choosing a long-term ally in navigating the complexities of modern business technology. We adapt to industry changes swiftly, ensuring your business remains competitive in an ever-evolving landscape.
Customer Testimonials and Reviews
Pikruos has garnered a multitude of positive reviews from satisfied clients who appreciate the company’s commitment to excellence. Customers often highlight the personalized approach taken by the team, ensuring that each solution is tailored specifically to their business needs.
One client shared how Pikruos transformed their outdated systems into streamlined processes, resulting in significant efficiency gains. This success story resonates with many who have experienced similar transformations.
Another testimonial praised Pikruos for its responsive customer support. Clients feel reassured knowing they can rely on expert assistance whenever challenges arise.
Many businesses value transparency and communication throughout projects. Feedback indicates that Pikruos excels in keeping stakeholders informed at every stage, fostering trust and collaboration.
Such endorsements showcase not just technical capability but also a genuine dedication to helping businesses thrive through innovative technology solutions.
Conclusion: Partnering with Pikruos for a Successful Future
Choosing Pikruos as your partner in business technology solutions can set your company on a path to success. With their extensive range of services tailored for various industries, they understand the unique challenges businesses face today. Their commitment to delivering effective technology solutions ensures that you stay ahead of the competition.
Customer testimonials highlight not just satisfaction but genuine transformations within organizations that have chosen Pikruos. The real-world examples demonstrate how businesses have thrived with the right technological support and guidance.
By collaborating with Pikruos, you’re not just opting for a service provider; you’re investing in a partnership focused on innovation and growth. This collaboration promises to equip your business with the tools necessary for navigating an ever-evolving digital landscape, ultimately leading towards lasting success.
FAQs
What is Pikruos?
Pikruos is a business technology solutions provider that offers tailored IT services such as software development, cloud solutions, consulting, and support to help businesses thrive in a digital-first world.
How does Pikruos’s help businesses improve efficiency?
Pikruos’s streamlines business operations by offering automation, secure data access, and custom software—freeing up time for strategic growth and innovation.
Which industries benefit most from Pikruos’s solutions?
Pikruos’s serves a wide range of industries including retail, healthcare, and tech startups—providing customized solutions to meet unique operational challenges.
What sets Pikruos’s apart from other IT service providers?
Pikruos’s stands out for its personalized approach, transparent collaboration, expert consulting, and long-term support that adapts with business needs.
Does Pikruos provide ongoing support and training?
Yes, Pikruos offers comprehensive maintenance and training to ensure clients can confidently manage their tech infrastructure and stay updated with the latest tools.
Planning an event, whether intimate or large-scale, requires careful attention to detail. From décor and lighting to food and entertainment, every aspect plays a role in creating the right atmosphere. Among these, event furniture is one of the most important elements that can make or break the overall experience for guests. The right chairs, tables, lounges, and décor items not only provide comfort but also set the tone and style of the occasion.
This is where complete furniture hire solutions for events big and small come in. By partnering with a professional event hire company like M Event Hire, you can access a wide variety of stylish, functional, and customizable furniture that perfectly matches your event’s theme and scale.
Why Furniture Hire is Essential for Events
No matter the type of gathering—be it a wedding, birthday celebration, gala dinner, or corporate function—the right furniture hire services can completely transform your venue. Here’s why:
- Enhances Guest Experience
Comfortable seating, elegant tables, and beautifully arranged lounges ensure your guests feel welcomed and valued. - Creates the Right Ambiance
Furniture contributes to the overall décor and vibe of the event. For instance, rustic wooden tables set a cozy tone, while sleek modern lounges create a chic, contemporary look. - Saves Time and Effort
Instead of worrying about sourcing, transporting, and setting up furniture, hiring experts means everything is delivered, installed, and packed away seamlessly. - Flexibility for All Event Sizes
Whether you’re hosting 20 people in a backyard or 500 guests at a grand venue, professional event hire companies can scale up or down depending on your needs.
Types of Event Furniture to Consider
Event hire services offer a wide range of furniture and accessories designed to suit all themes and occasions. Here are some popular options:
- Seating Solutions: Chiavari chairs, banquet chairs, bar stools, and lounge seating.
- Tables: Round banquet tables, cocktail tables, trestle tables, and coffee tables.
- Lounges & Sofas: Perfect for creating relaxed zones within your event.
- Outdoor Furniture: Benches, deck chairs, and marquees for outdoor gatherings.
- Décor Items: Lighting, table centerpieces, rugs, and decorative partitions.
By choosing complete furniture hire solutions for events big and small, you’ll have access to all of these elements in one place.
Benefits of Choosing M Event Hire
When planning an event in Australia, M Event Hire stands out as a trusted partner for providing top-quality furniture and event solutions. Here’s why:
- Wide Range of Options: From classic to modern designs, their extensive catalog caters to weddings, corporate events, festivals, and private parties.
- Affordable Packages: Hiring furniture is often more cost-effective than purchasing, especially for one-time events.
- Professional Setup: The team handles delivery, installation, and removal, saving you stress on the big day.
- Tailored Solutions: Whether it’s an intimate dinner or a large-scale event, they customize packages to suit your needs.
Event Trends: Furniture That Makes a Statement
Modern event styling is about more than just functionality; it’s about making a statement. Here are some trending furniture hire ideas:
- Mix-and-Match Seating: Combining different chair styles adds personality and flair.
- Rustic & Boho Chic: Timber tables paired with rattan lounges and earthy décor are trending for weddings and outdoor events.
- Luxury Lounges: Plush velvet lounges and ottomans create a VIP atmosphere at corporate and gala events.
- Sustainable Furniture: Eco-conscious choices like upcycled wood and reusable décor items are becoming increasingly popular.
With the right furniture hire solutions, you can bring any of these styles to life effortlessly.
Tips for Choosing the Right Furniture Hire Service
- Check the Inventory – Ensure the company has the specific furniture pieces you need.
- Read Reviews – Customer feedback can help you understand service quality.
- Consider Delivery & Setup – Always confirm logistics to avoid last-minute issues.
- Match Your Theme – Choose furniture that aligns with your event’s theme, colors, and style.
- Budget Wisely – Opt for complete hire packages that include setup, styling, and pickup for better value.
Final Thoughts
Event planning can feel overwhelming, but with the right support, it becomes a seamless and enjoyable process. Choosing complete furniture hire solutions for events big and small ensures that every detail of your celebration is covered—from stylish seating to decorative touches that impress your guests.
By partnering with experts like M Event Hire, you can focus on enjoying your special day while professionals handle the setup and styling. Whether it’s a wedding, corporate event, birthday, or festival, the right furniture hire company will help you transform your vision into reality
The year 2025 is the beginning of a new era in technology as companies are fast waking up to the effects of AI-first approaches in software development. One of the most important changes is the emergence of AI-first SaaS development, a trend which is reshaping the way organizations develop, deploy, and maintain digital tools. Rather than sticking to the conventional coding, companies are adopting the use of artificial intelligence as a way of making processes simple and cutting down time-to-market. This shift is not all about speed, it is about smarter, adaptive and cost effective solutions that are transforming the SaaS industry.
What is AI-First SaaS Development?
The AI-first SaaS development is the strategy of applying artificial intelligence as the basis of creating and enhancing software-as-a-service platforms. The AI-first development is in contrast to traditional coding, where developers manually enter all the functions; instead, creators can simply explain what they want to see and leave the solution to the AI. This is commonly known as vibe coding whereby the intent and aims are converted into working software.
Why AI-First SaaS Matters in 2025
By 2025, it is a competitive digital world that requires quicker, smarter and more dependable solutions. Businesses do not have the luxury to take months to come up with tools and only then get to the market. Using AI-first SaaS, companies are able to design, test, and deploy solutions within days or hours. This pace is coupled with the flexibility where companies can make immediate adjustments as the needs of the customers evolve. To the business, this translates to reduced risk, reduced costs and increased innovation.
Benefits of AI-First SaaS Development
Companies are not implementing AI-first SaaS because it is cool. The benefits are both tangible and quantifiable. With AI-first development, businesses can have:
- Quicker product development and shorter development cycles
- The reduced expenditure because of fewer manual codes and tests
- Enhanced flexibility to customer requirements
- Increased efficiency at the team level
- Streamlined processes that lessen the dependence on big IT staffs
Velzeno and the Shift Toward Smarter SaaS
Online platforms such as Velzeno show the ways in which businesses can experiment and integrate the appropriate digital tools in order to remain competitive in this era of AI. These platforms enable decision-makers to select SaaS solutions that can really drive growth through reviews, insights, and comparisons. It is not only developers that can take advantage of the AI-first SaaS, but also entrepreneurs, small businesses, and enterprises using smarter tools without requiring deep technical expertise.
Real-World Use Cases of AI-First SaaS
AI-first SaaS is already addressing practical problems across a variety of industries. It is used by startups to develop minimum viable products at a blistering pace, minimizing the risks and costs of starting up new ventures. AI-first SaaS tools allow small businesses to automate workflow, customer relationship management and even content creation. Giant companies are reducing their dependence on IT departments by letting automation tools driven by AI handle routine and elaborate tasks. These practical examples demonstrate that AI-first SaaS is not a theory anymore; it is changing operations all around.
Challenges of AI-First SaaS Development
Although the opportunities are huge, AI-first SaaS is not problem-free. Companies need to take into consideration:
- Sometimes AI fails to interpret the intent of the user correctly
- Security and compliance issues Data security and compliance issues
- The necessity of human control in the key decisions
- Restrictions in very complex or specialized enterprise solutions
The above challenges point to the relevance of planning well when implementing AI-first SaaS. To get the optimal outcomes, companies should balance automation and human experience.
The Future of SaaS in 2025 and Beyond
In the future, AI-first SaaS is set to expand further as additional companies realize the benefits of taking this direction. Developers will no longer write manual code but will direct AI in clear intention. Companies adopting AI-first will most probably perform better compared to those still stuck with the old development. The future of SaaS will be in the hands of businesses that can innovate using AI as the central element of their strategies, with increased speed, reduced costs and smarter automation.
Conclusion
AI-first SaaS development in 2025 is not just a trend. It is a metamorphosis that companies cannot overlook. The establishment of AI-first practices such as vibe coding is not only accelerating the development process but also producing tools that are more responsive to the needs of customers. Social media like Velzeno are making this transition easier by giving businesses reliable information about digital tools. The SaaS environment is changing, and those who adopt AI-first solutions today will be the victors that create smarter, more efficient systems in the future.
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