Getting started with Crypto-Asset Custody Bridge

The Crypto-Asset Custody Bridge sits between your bank and the sub-custodians that hold digital assets for your clients. Your bank keeps the legal ledger of record for each client's positions, client instructions go through maker-checker approval and compliance checks before they are sent to the sub-custodian, and positions are reconciled with the sub-custodian's records every day. Moraph does not hold assets, private keys or funds; the sub-custodian holds the assets under its agreement with your bank.

What it is for

Banks that want to offer digital asset custody usually rely on a specialist sub-custodian to hold the assets and keys, but the bank still owes its clients an accurate record of what they own and evidence that every movement was authorized and checked. Without a layer of their own, banks end up depending on the sub-custodian's portal for their books, approving withdrawals by email, and reconciling positions in spreadsheets. Examiners then ask how the bank oversees the sub-custodian and how it would know if the records did not match.

• The bank's record of client positions depends on the sub-custodian's portal
• Withdrawal and transfer approvals happen outside the bank's controls
• Reconciliation between the bank's books and the sub-custodian's records is manual
• Oversight of the sub-custodian is hard to evidence to examiners and the board

Who uses it

• Banks and trust companies offering or planning digital asset custody
• Custody and trust operations teams who process client instructions
• Heads of digital assets and fiduciary officers who own the service
• Compliance and BSA teams responsible for screening and recordkeeping
• Third-party risk, internal audit and examiners who oversee sub-custodians

Before you start

• Your organization licenses Crypto-Asset Custody Bridge from Moraph.
• A Moraph client account in that organization, signed in.
• Access to Crypto-Asset Custody Bridge in Moraph Apps, given by an administrator in the Moraph Portal under People and access.
• For setup: the product administrator role.

Steps to get started

1. Sign in at app.moraph.com with your Moraph account.

2. Open Crypto-Asset Custody Bridge from the launcher. The first time anyone opens it, its workspace is created from the default described in Workspace reference.

3. Check your role: what you can see and do depends on it. See Roles and permissions.

4. Product administrators: work through Set up Crypto-Asset Custody Bridge before your team starts.

5. Everyone else: start with Everyday tasks.

Where to go next

• Set up Crypto-Asset Custody Bridge
• Everyday tasks
• Connect your systems
• Security, data and compliance
• Troubleshooting and the support guide
• Product overview on moraph.com