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The Custody Service will provide a secure and reliable system for the safekeeping of an investor's financial assets (e.g a digital securitiessecurity), ensuring that Investors assets are segregated, protected and managed in an efficient and transparent manner. The Custody Service will maintain accurate records of all assets under custody; the cryptographic materials related to keeping those assets; protection of assets from unauthorized access; approval of instructions from the account holders and regulatory reporting as required, and balance and information inquiries. It will also allow asset managers to provide various services to the their end Investors, using the FinID custodied by them, such as distribution of dividends.

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This means an asset will see two types of FinP2P services associated with every owner:

  • The Owner Profile Service - managed by the Primary Node of the owner (e.g. the broker deal, bank or exchange). This is the service that provide certificates for the Owner, present investment opportunities to the owner, and will enable the owner to initiate trades.

  • The Custody Service - the FinID of the Owner for that specific asset - managed by the financial institution’s node that provides the Custody service.

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