SEC promotes self-custody and DeFi staking
SEC Promotes Self-custody and DeFi Staking
The U.S. Securities and Exchange Commission (SEC) has been promoting self-custody and DeFi staking as the primary way to securely manage digital assets. By taking control of one's own digital assets and private keys, individuals and institutions can ensure the security and flexibility of their assets.
Self-custody and DeFi staking represent two new opportunities for digital asset investors. With self-custody, users have direct ownership of their tokens, acting as their own custodian. This eliminates the need to trust a third-party custodian. With DeFi staking, users deposit tokens into a smart contract Platform Protocol, and can then earn rewards in the form of higher interest.
The SEC’s endorsement of self-custody and DeFi staking will bring the advantages of these technologies to a wider audience, potentially helping to boost the mainstream adoption of blockchain technology. It will also enable users to have more control over their assets and increase the security of their investments.
The SEC’s promotion of self-custody and DeFi staking is a key step forward in the adoption of digital assets. By taking advantage of these new opportunities, digital asset investors can ensure the security and flexibility of their assets.