Custodian
A firm whose business is holding assets for others, named in the documents and examined in the financial audit.
The custodian keeps the bills, cash or deposits that back a token and confirms holdings to the auditor and the attestation firm.
Custody arrangements are named in the legal structure page and examined in the financial audit.
Related terms
Special purpose vehicle
A separate legal entity created to hold one pool of assets and nothing else.
AuditAn independent examination of financial statements or code that ends in a written opinion from the firm that performed it.
Counterparty riskThe risk that the other side of an arrangement fails to do what it agreed to do.