Why is a custodian needed and what do they do?
Crypto-securities must be held in digital custody. This means that someone must provide the technical infrastructure to ensure secure custody.
To this end, CONDA Capital Market works with Hauck Aufhäuser Digital Custody GmbH (HADC), Kaiserstraße 24, 60311 Frankfurt am Main, registered at Frankfurt Local Court under HRB 129618, telephone: +49 69 2161-1115, email: DigitalCustody@hal-privatbank.com.
HADC has been authorised in accordance with Section 32 of the German Banking Act (KWG) to conduct crypto custody business (in accordance with Section 1(1a) sentence 2 no. 6 KWG). HADC is therefore subject to the strict supervision of the German Federal Financial Supervisory Authority (BaFin). Detailed information can be found in HADC’s Terms and Conditions.