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Nevada Orders Fortress Trust to Cease Operations Amid Custody Consolidation

The state’s action raises questions about digital asset ownership and key control as the company halts activities.

Summary

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Terms & Concepts
  • Custody Consolidation: The process of merging or centralizing the storage and safeguarding of digital assets under a single custodian or platform.
  • Key Control: The management and possession of cryptographic keys required to access and transfer digital assets.