Behind the Scenes: How CoinsDo Is Powering a Safer, Scalable Future for Digital Asset Management
4 mins read
When BitCourier sat down with Daniel Tan, Business Development Manager at CoinsDo, the conversation revealed the philosophy or the “why” of CoinsDo: true security is both decentralized and accountable. Since 2017, CoinsDo has evolved from blockchain security experiments into a Wallet-as-a-Service (WaaS) platform trusted by enterprises worldwide. With over 60 million wallet addresses and $2 billion in transactions, the company has maintained a rare record: zero security incidents in seven years. Lessons from the Early Days CoinsDo’s roots in blockchain security shaped its uncompromising approach to wallet design. Early industry failures often came from a single point of weakness: key mismanagement and over-centralization. That insight led to CoinsDo’s framework where wallet owners alone control private keys, while finance and tech teams interact through approval workflows and APIs without directly touching the keys. The result: verifiable security without sacrificing usability. Redefining Enterprise Custody In 2017, crypto custody was a binary choice. Institutions could only choose between a fully centralized option or a dangerously manual one. CoinsDo saw a gap for enterprise-grade, non-custodial infrastructure that balances control with compliance. That principle now underpins every CoinsDo integration. The State of Digital Asset Infrastructure By 2025, institutional adoption of blockchain is no longer experimental — it’s operational. A recent Chainalysis and BCG analysis shows 68 % of global banks exploring digital-asset integrations, yet over 40 % list private-key management as their top security concern. This mismatch between demand and operational readiness defines today’s infrastructure race. CoinsDo’s non-custodial architecture directly addresses it, offering enterprises verifiable control and full automation without re-introducing human risk. As more traditional finance players enter the ecosystem, this model bridges the comfort of legacy auditability with the transparency of Web3. The Security Philosophy: Assume Failure, Design for Resilience CoinsDo’s record speaks for itself: zero incidents since launch. The reason? Multi-layer verification, isolated environments, and zero standing privileges — meaning no one, not even CoinsDo, can move a client’s funds. This model aligns with traditional financial systems, offering segregation of duties, auditability, and strict access control — only with cryptographic ownership preserved. Solving Real Enterprise Problems Across fintech, payments, and gaming, businesses use CoinsDo to automate secure deposits, withdrawals, and treasury management. By minimizing manual operations, companies reduce compliance risk while scaling confidently in digital assets. Competing on Philosophy, Not Fees In a crowded WaaS market with players like Fireblocks and Copper, CoinsDo stands apart for one reason: it’s fully non-custodial. CoinsDo’s transparent pricing model removes complexity — no fees based on AUM, address generation, or setup — making it accessible to startups and global institutions alike. The Road Ahead: Real-World Adoption and Inclusion With accelerating adoption from fintech and gaming, Daniel predicts the next growth wave will come from stablecoins and RWA tokenization. Behind that evolution is a mission of ethical, inclusive participation — giving businesses of any size the ability to self-custody safely. Read the full interview here
What Tokenized Real-World Assets Are and Why Custody Matters
7 mins read
Tokenized real-world assets (RWAs) are redefining capital markets. By representing ownership of tangible assets like real estate, private credit, or commodities etc. on distributed ledgers, tokenization promises faster settlement, fractional ownership, and global liquidity. But promise doesn’t equal adoption. For institutions, the bottleneck is not technology but custody, the layer that connects legal title in the real world with token control on-chain. Without a compliant, technically robust custodian, RWA tokens remain legal abstractions and not investable instruments. As the Bank for International Settlements noted in 2023, tokenisation only gains traction when trusted intermediaries bridge traditional legal systems and distributed ledgers. Custody is that bridge. It transforms tokenization from a proof of concept into a market infrastructure, and it anchors enforceable ownership, regulatory compliance, and institutional trust. A compliant custodian ensures: Legal enforceability - the token’s owner is legally recognized as the asset’s owner. Technical integrity - private keys and contracts are securely managed. Regulatory assurance - the entire lifecycle meets securities and AML standards. Without this foundation, tokenized assets are claims without courts, code without capital, and markets without trust. Legal Risks in Custody of Tokenized Assets 1. Securities Classification and Regulatory Status Many tokenized assets may qualify as securities under the Howey Test (U.S.) or MiCA (EU) frameworks. If a token represents profit participation or resembles a financial instrument, custodians must operate under securities-custody licensing. For example, the U.S. SEC has clarified that “custodial entities holding digital asset securities must meet the same standards as traditional securities custodians”. Non-compliance risks enforcement actions and asset freezes. 2. Off-Chain vs On-Chain Rights Mismatch A recurring legal fault line: tokens represent claims to off-chain assets, but smart contracts cannot enforce those claims in real-world courts. Custodians therefore must anchor legal ownership via Special Purpose Vehicles (SPVs) or trust structures that legally bind token holders to asset titles. Failure to match the off-chain legal title with on-chain token control creates “orphan tokens, which are digital claims without enforceable recourse. In 2023, several tokenization projects in Europe faced investor disputes due to unclear title transfer clauses. 3. Cross-Jurisdictional Custody Complexity RWAs frequently span jurisdictions: an asset in Switzerland, investors in Singapore, custodian in the U.S. This introduces regulatory fragmentation and potential double custody obligations. Best practice is to: Maintain a single jurisdiction of asset law and recognize it in the token terms; Use licensed custodians or trustees in every market where investor funds are held; Apply MiFID II or MiCA alignment for EU clients and Rule 15c3-3 compliance for U.S. brokers. Without harmonization, asset recovery after insolvency becomes legally uncertain. Technical Risks in Custody for Tokenized Assets 1. Key Management Failures Private keys represent ultimate control of tokenized assets. Loss, theft, or compromise equals asset loss. Modern custody providers mitigate this through Multi-Party Computation (MPC) or multi-signature architectures that remove single points of failure. However, improper implementation of MPC protocols or unsecured key backups (e.g., HSM misconfiguration) remain leading causes of institutional loss. 2. Smart Contract Vulnerabilities RWAs rely on token contracts to enforce ownership logic. Vulnerabilities such as reentrancy bugs, upgrade keys, oracle manipulations etc. create systemic exposure. A survey of smart contract hacks lists dozens of incidents where access-control and role-based permission flaws enabled attackers to drain funds Institutional custody must therefore include formal verification, code audits, and restricted administrative privileges before onboarding assets. 3. Off-Chain Data and Oracle Risk Since RWAs depend on external asset data (e.g., valuation feeds, cash-flow updates), oracles act as critical trust points. If compromised, they can desynchronize token balances from real assets. Custodians should deploy redundant oracle networks and cross-validation systems to detect anomalies. 4. Operational and Liquidity Risk Unlike native tokens, RWA tokens rely on issuers’ operational continuity. If the issuer or custodian halts operations, on-chain ownership may become legally inert. To minimize this, custody must integrate continuity plans, insurance coverage, and emergency key rotation mechanisms. Best-Practice Custody Framework for Tokenized RWAs A robust custody framework addresses both legal enforceability and technical integrity simultaneously. 1. Legal Layer Use a licensed custodian or trust company subject to securities regulation. Establish an SPV or trust holding the underlying assets; token holders own units in this entity. Enforce clear investor agreements linking off-chain ownership to token metadata. Integrate jurisdictional clauses defining applicable law and dispute venues. This dual-layer structure ensures that the token’s on-chain logic reflects legally enforceable rights. 2. Technical Layer Key Security: Multi-party computation, role-based access control, hardware isolation (HSMs). Contract Governance: Independent audits, upgrade transparency, immutable records of code versions. Monitoring: Continuous anomaly detection and real-time ledger monitoring. Recovery & Continuity: Designate recovery agents, maintain insurance pools, and enforce key-rotation policies. 3. Governance & Compliance Integrate compliance automation (KYC/AML) into custody workflow. Maintain audit trails under ISO 27001 and SOC 2 standards. Perform regular proof-of-reserves attestations using on-chain Merkle proofs. Together, these measures build a defensible, regulator-ready custody architecture for RWAs. Conclusion Tokenized RWAs can transform capital markets ONLY if custody bridges the legal and technical divide. Institutions must treat custody not as back-office plumbing but as regulatory infrastructure. By embedding legal enforceability, cryptographic resilience, and regulatory-grade governance, custodians turn digital promises into real, auditable assets. Visit our Digital Asset Custody page to learn how we help financial institutions secure tokenized assets with confidence.
Monthly Crypto Roundup by CoinsDo: October 2025
6 mins read
October saw the crypto market continue its strong upward trajectory, with Bitcoin briefly touching a new all-time high above US$125,000 before retreating amid broader risk-off sentiment.The rally was propelled by record inflows into U.S.-listed spot Bitcoin ETFs, which collectively absorbed almost US $6 billion in a single week. Ethereum outperformed most altcoins on renewed optimism ahead of its Fusaka upgrade scheduled for early December. Futures open interest on major venues rose more than 20% month-on-month, while volatility indices tightened, signalling a more liquid, mature market structure. Regulatory Developments Regulators worldwide shifted from policy design to implementation. United States The SEC and Treasury released joint guidance on crypto-ETF custody and market-structure obligations, clarifying how broker-dealers should handle digital assets (Bloomberg). States such as New York and Texas expanded sandbox frameworks for stablecoin issuance under trust charters, signalling consolidation at the state level. United Kingdom Arnold & Porter broke down the proposed regime for the issuance and custody of “qualifying stablecoins” in the Consultation Paper CP25/14 published by the Financial Conduct Authority (FCA). Under the proposal: Issuers of qualifying stablecoins must be authorised by the FCA, not merely registered under AML regulations. Backing assets must be fully segregated, held in statutory trusts, and kept with independent third-party custodians. Firms must perform daily reconciliations, maintain at least 5 % of backing assets in on-demand deposits, and ensure redemption at par value by the next business day. Stablecoin issuers may retain interest income from backing assets but cannot pay yield to consumers. Transparent quarterly disclosures and annual independent audits of reserves will be mandatory. This approach stops short of bringing stablecoins into the payments regime for now; instead, it focuses on issuance standards, backing-asset safeguards, and redemption certainty, aligning the UK with EU MiCA principles while preserving flexibility for innovation. Singapore The Monetary Authority of Singapore (MAS) launched Project BLOOM (Borderless, Liquid, Open, Online, Multi-currency) on 16 Oct 2025. BLOOM extends Project Orchid by enabling settlement in tokenised bank liabilities and regulated stablecoins, with standardised compliance controls. Initial members include DBS, OCBC, UOB, Partior, Circle, Stripe, Ant International, StraitsX and Coinbase. Focus areas: Distribution & clearing of settlement assets across networks. Programmable compliance controls to automate AML/KYC checks. Agentic payments using AI agents for treasury automation. Across regions, regulators now emphasise operational readiness and cross-border interoperability, marking the execution phase of digital-asset policy. Industry Trends October underscored how tokenization, interoperability, and infrastructure reliability are converging into the next growth phase of digital finance. Tokenized Real-World Assets (RWAs) The tokenized-asset sector surpassed US $23 billion in circulating value (a 260% increase year-to-date), driven by tokenized U.S. Treasuries, private-credit pools, and real-estate vehicles. Asset managers such as Franklin Templeton and Hamilton Lane broadened their on-chain offerings, while regional banks in Asia began exploring tokenized money-market funds for liquidity management. Custodians are adapting by integrating on-chain settlement APIs and real-time NAV feeds to accommodate these hybrid instruments. Interoperability & Layer-2 Innovation With Ethereum’s PeerDAS approaching launch, Layer-2 ecosystems—Optimism, Arbitrum, Base, and zkSync—announced technical upgrades to leverage cheaper blob-data storage. This will expand throughput and lower rollup fees by 30–40 % according to developer estimates. At the same time, cross-chain bridges like Chainlink CCIP and Axelar GMP saw record transaction volumes, becoming the middleware for multi-chain settlements between custodians and exchanges. Security Watch October recorded one of the lowest total on-chain exploit losses of 2025 — approximately US $18.18 million across about 15 distinct incidents, representing an ~85.7% decline from September’s ~US $127 million. The largest breach in the month involved Garden Finance (~US $11 million) via a compromised solver account on 30 October. Smaller incidents included Typus Finance (~US $3.4 million) through an oracle-manipulation attack, and Abracadabra Money (~US $1.8 million) exploiting solvency/vulnerability vector. While exploit frequency and severity fell, industry commentary warns that low numbers may reflect fewer high-value targets or reduced network activity after major liquidations, rather than a permanent shift in attacker incentives. Final Thoughts Overall sentiment entering November is cautiously optimistic. Analysts expect rotation toward Ethereum-based assets ahead of Fusaka, sustained RWA growth, and a calmer macro backdrop if inflation readings stabilize. Long-term drivers—clearer regulation, scalable infrastructure, and institutional participation—remain intact.
Monthly Crypto Roundup by CoinsDo: September 2025
8 mins read
The crypto market spent September caught between cautious optimism and sharp reality checks. While Bitcoin and Ethereum steadied after a turbulent summer, a wave of regulatory action, institutional experiments, and new security incidents reminded investors just how quickly narratives can shift. Below, we break down the month’s biggest movements and what they mean for the broader digital asset ecosystem. Market Performance Bitcoin steadies after summer volatility Bitcoin began September trading around $112,000, but heavy liquidations mid-month erased nearly $300 billion from the global market in just a few days . The sell-off was fueled by over-leveraged derivatives positions and renewed macro jitters over U.S. inflation. Despite the sharp dip below $111,000 , BTC managed to claw back some ground and close the month flat to slightly negative. Analysts said the episode reinforced Bitcoin’s dual identity: attractive as long-term “digital gold,” but still vulnerable to liquidity shocks in over-heated markets. Altcoins see mixed results Solana (SOL) enjoyed a brief rally, climbing ~15% after liquidity incentives from leading DeFi protocols. Avalanche (AVAX) gained ~9% thanks to fintech partnerships in Asia. Cardano (ADA) fell 6% on reports of declining developer activity. Unlock schedules created pockets of volatility across tokens like SUI, ENA, and EigenLayer, drawing trader attention going into October . Overall, the market’s September performance reinforced a theme we’ve seen all year: Bitcoin and Ethereum remain relatively resilient, but altcoins continue to swing wildly based on liquidity cycles, unlock schedules, and ecosystem momentum. Regulatory Shifts Binance and U.S. compliance relief?Reports surfaced that the U.S. Department of Justice is considering lifting the three-year compliance monitor imposed on Binance during its 2023 settlement. If confirmed, the move would mark a turning point for the exchange, which has faced years of scrutiny. Observers say relief could boost Binance’s ability to expand products in the U.S., but critics warn that easing oversight too soon may signal regulatory inconsistency. Europe pushes stablecoin integrationA consortium of major European banks—including ING, UniCredit, and DekaBank—formed a joint venture to issue a euro-denominated stablecoin by 2026. The project aims to provide a compliant digital alternative for interbank settlement and cross-border transfers. Analysts note this could strengthen Europe’s financial sovereignty while giving banks a competitive tool against dollar-backed stablecoins like USDC and Tether. Poland adopts strictest EU crypto lawPoland’s parliament approved the Crypto Asset Market Act, one of the toughest regulatory frameworks in the EU. The law includes mandatory licensing, consumer protection requirements, and severe penalties for unregistered platforms. While aligned with MiCA principles, critics argue Poland’s version could stifle innovation and drive startups abroad. China debuts yuan stablecoin offshoreChina launched its first regulated offshore yuan stablecoin, AxCNH, in Kazakhstan . The token, pegged to the offshore yuan (CNH), is designed to facilitate trade settlements in Belt and Road markets. The move highlights Beijing’s strategy to internationalize the yuan via blockchain, contrasting with the West’s focus on privately issued stablecoins. Together, these developments show a fragmented but accelerating global regulatory race. Some governments are doubling down on strict enforcement, others are leaning into stablecoins, and China continues to push state-linked digital assets as geopolitical tools. Security Concerns DeFi exploit losses pile upNorth Korea’s Lazarus Group resurfaced in September, allegedly draining $420 million from a mid-tier DeFi lending protocol . Though smaller than February’s $1.5B Bybit hack, the incident shook confidence and reignited debate over DeFi’s security gaps. Insurers hinted at raising coverage costs for protocols, adding to financial pressure on developers. Rising phishing and wallet-drain attacksSecurity firms tracked an uptick in phishing campaigns targeting mobile wallets, with fake app updates tricking users into exposing seed phrases. Losses remain hard to quantify but are believed to run into the tens of millions. The trend underscores that retail users remain vulnerable, even as institutional security practices improve. Industry push for standardsIn response to repeated high-profile incidents this year, industry groups are accelerating calls for a crypto security standards body—akin to PCI DSS in payments. While still in early discussion, the idea is gaining momentum with both insurers and institutional investors who see security as the biggest barrier to mainstream adoption. Institutional Moves BlackRock rolls out tokenized bond fund in SingaporeAsset management giant BlackRock launched its first Asia-based tokenized bond fund in Singapore . The product allows qualified investors to gain exposure to a basket of government bonds on blockchain rails, offering 24/7 settlement and transparent pricing. Fidelity adds staking for institutions Fidelity Digital Assets expanded its service suite to include staking for Ethereum and Solana, catering to institutions seeking yield within regulated frameworks. Analysts say this could accelerate institutional comfort with staking, especially as ETH’s staking yields remain attractive versus traditional bonds. PayPal expands crypto payments in EuropePayPal announced an expansion of its crypto checkout service, enabling merchants in 10 European countries to accept BTC and ETH directly . This marks a step toward mainstream merchant adoption, though transaction fees remain higher than fiat rails. European stablecoin venture eyes 2026The European banking consortium’s stablecoin project is not just a regulatory move but also an institutional play. By offering settlement and liquidity tools via tokenized euros, banks could carve out a role in the stablecoin race, currently dominated by U.S. issuers. Final Thoughts September highlighted crypto’s paradox. On one hand, market cap swings of hundreds of billions show how fragile liquidity and sentiment remain. On the other hand, some of the world’s largest institutions are deepening their involvement in tokenized finance and stablecoins. Regulatory fronts are diverging: the U.S. may ease up on Binance, Europe is preparing its own euro stablecoin, Poland is going hard on enforcement, and China is exporting its yuan token abroad. Security remains the weakest link, with Lazarus-style exploits undermining DeFi’s credibility. For investors and builders alike, the lesson is clear: volatility may dominate the headlines, but the deeper trend is integration. Traditional finance is embedding blockchain more firmly each quarter. September’s turbulence may have rattled markets, but it also revealed how crypto is maturing into a permanent fixture of the global financial system.
Monthly Crypto Roundup by CoinsDo: August 2025
6 mins read
August was another landmark month for crypto. Markets hit new highs, Ethereum dominated inflows, and the policy landscape matured with stablecoin reforms and surging Asian demand. At the same time, major exploits highlighted that security risks remain an existential challenge for mainstream adoption. Market Performance Bitcoin: ATH Then Pullback Bitcoin surged to an all-time high of ~$124,000 on August 13 before sliding back to ~$109,000 by month’s end. Profit-taking by whales and uncertainty around macro policy weighed on sentiment. Even so, BTC remains one of 2025’s strongest performers, up triple digits year-to-date. Ethereum: Institutional Darling Ethereum gained nearly 24% in August, hitting ~$4,945 on August 24. ETH ETFs drew nearly $4 billion of inflows, compared to ~$600 million of outflows from Bitcoin ETFs. This capital rotation pushed BTC’s dominance down to ~57% and positioned ETH as the institutional settlement layer of choice. Policy & Regulation Stablecoins Gain Global Traction August was the first full month under the U.S. GENIUS Act, which set reserve, audit, and compliance rules for stablecoins. Far from a technical footnote, this act signals stablecoins are now financial infrastructure. By tying issuance to federal oversight, it lowers counterparty risk and invites banks, corporates, and payment networks to integrate stablecoins into settlement systems. Expect tiering in liquidity: compliant stablecoins for enterprise rails, and offshore tokens for open DeFi. The effect is already visible. Stablecoin supply expanded sharply, with USDC and regulated tokens capturing institutional flows. On-chain settlement volumes on Ethereum spiked as regulated money-like tokens became available in size. In other words, policy clarity → more float → more usage → more demand for settlement blockspace. Asia’s Wealthy Step In Institutional demand in Asia accelerated. In Singapore, NextGen Digital Venture closed a $100 million crypto equity fund. UBS reported Chinese family offices raising allocations toward 5% of portfolios. Hong Kong’s new stablecoin licensing regime, which took effect August 1, created a compliant sandbox for banks and corporates. Within days, Standard Chartered, Animoca, and HKT announced a joint venture to apply for a license. The logic is straightforward: Asia’s wealthy prefer regulated access points. Clearer regimes shift family office allocations from exploratory to structural. Together, U.S. stablecoin regulation and Asian wealth inflows reinforce a new dynamic: capital is flowing into compliant, ETH-centric structures—staking, yield strategies, and regulated tokens—rather than speculative corners of the market. Security Concerns $91 Million Phishing Attack August’s largest exploit was not a protocol hack but social engineering. A high-net-worth Bitcoin holder was tricked into handing over credentials in a phishing scheme disguised as hardware wallet support, losing $91 million in BTC. The theft shows that attackers now favor targeted, high-payout scams over opportunistic bugs. Defenses are not just technical but procedural: cold storage with delayed withdrawals, multi-sig across devices and people, strict allowlists, and zero tolerance for remote support on seed recovery. Total monthly exploit losses hit ~$163 million across 16 incidents, including a ~$48M hot-wallet compromise at Turkish exchange BtcTurk. The pattern is clear: fewer incidents, bigger tickets. The attack surface is consolidating around custodial weak points and human error. Ethereum Wallet Address Poisoning A peer-reviewed study tested 53 Ethereum wallets against address poisoning attacks, which plant look-alike addresses in transaction histories. Only three wallets warned users before a transfer to a poisoned address. Most UIs simply displayed deceptive zero-value transactions, leaving users exposed. This is not “user error.” It is a product-design failure. Wallets should filter out spoofed zero-value transfers, highlight unverified addresses, and require explicit confirmations. Enterprise-grade MPC wallets already enforce allowlists and policies, but retail wallets lag far behind. Until defaults change, treasury teams should disable “send-to-recent” options and rely on verified ENS or internal address books. The takeaway: crypto’s weakest link is shifting from protocol code to user interface and human process. Without upgrades in wallet UX and operational hygiene, institutional capital will continue to view self-custody as too risky. Institutional & Infrastructure Moves Ethereum ETFs dominated August, absorbing ~$2.6B inflows in a week, while Bitcoin ETFs shed ~$600M. Gemini filed for a Nasdaq IPO (ticker: GEMI) on August 16 and secured a MiCA license for EU operations on August 21. U.S. retirement accounts added ~$572M crypto exposure following new rules allowing alternative assets. Final Thoughts August 2025 showed both sides of crypto’s maturation. On one hand, Ethereum’s record inflows, the GENIUS Act, and Asia’s wealthy family offices underscore institutional acceptance and structural integration. On the other hand, the $91M phishing theft and address-poisoning flaws prove that the weakest links are now human and UX, which are much harder to fix than protocol bugs. As 2025 heads into its final quarter, the industry faces a dual mandate: sustain institutional momentum while closing the operational gaps that still leave billions vulnerable.