IEEE 2140.5-2020 PDF

IEEE 2140.5-2020 PDF

This standard defines a standard framework of a custodian service for cryptocurrency and digital assets. The framework includes a custodian reference technical architecture, business logic description, custodian service business models, digital asset evaluation criteria, operational procedure models, and regulatory requirement support models.
There are no agreed frameworks for custodian services in token assets and cryptocurrency. This standard aims to provide a custodian framework with regulation, cryptocurrency processing and management in custody, and a reference technical architecture to support the framework.
New IEEE Standard – Active. A framework of a custodian service for cryptocurrency and token assets is defined in this standard. Custodian reference technical architecture, business logic description, custodian service business models, digital asset evaluation criteria, operational procedure models, and regulatory requirement support models are included in this framework.