Custodian
Custodians are responsible for securely holding the underlying assets backing Universal tokens. They also play a role in depositing and withdrawing collateral assets when tokens are minted or burned
Last updated
Custodians are responsible for securely holding the underlying assets backing Universal tokens. They also play a role in depositing and withdrawing collateral assets when tokens are minted or burned
Last updated
Key Features of Custody: Merchants deposit underlying assets to be used for the minting of Universal tokens into their Merchant Deposit Wallets. These are wallets that are set up by the Custodian and administered by the Service Provider. The Universal token will be burnt and merchant deposit wallets will be given their respective underlying asset.
The current Custodian for uAssets is Coinbase Prime.
