Why is a custodian needed and what does he do?

Why is a custodian needed and what does he do?

Cryptosecurities must be stored digitally. This means that someone must provide the technical infrastructure to ensure digital custody.

CONDA Capital Market collaborates with Hauck Aufhäuser Digital Custody GmbH (hereinafter "HADC"), Kaiserstraße 24, 60311 Frankfurt am Main, registered at the Frankfurt District Court under HRB 129618, Phone: +49 69 2161-1115, Email: DigitalCustody@hal-privatbank.com.

HADC has been licensed under § 32 KWG for cryptocurrency custody business (according to § 1 para. 1a sentence 2 No. 6 KWG). Therefore, HADC is subject to the strict supervision of the Federal Financial Supervisory Authority (BaFin). Detailed information can be found in the terms and conditions of HADC.