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What is multichain self-custody, and why does it matter?

What is multichain self-custody, and why does it matter?

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Source: Coin Telegraph

Multichain custody gives you more security and control over your digital assets in the increasingly interconnected world of Web3.

Multichain self-custody refers to the practice of managing digital assets across multiple blockchain ecosystems without relying on third-party custodians. 

It combines the concept of self-custody — direct control of cryptocurrency assets through private key ownership — with the ability to interact seamlessly across diverse blockchain networks like Ethereum Virtual Machine (EVM), Solana Virtual Machine (SVM) and newer ecosystems such as Aptos and Sui.

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Author: Arunkumar Krishnakumar