Digital asset security refers to cryptocurrency protection systems that keep malicious actors from stealing or taking control of someone’s digital assets. Through hardware security modules (HSM), digital asset security solutions can ensure that no unauthorized access to one’s wallet can happen.
Usually, digital asset security providers work with regulators in order to ensure compliance with local standards. At the same time, they provide the security audit for crypto exchange platforms to ensure that each user’s exposure to transaction and asset management risks are covered.
There are also several other initiatives cryptocurrency holders can perform to maintain the security of their digital assets. Storing crypto in hardware wallets and making sure no other person has access to your seed phrase are some of the ways.