Crypto Custody Sector Transparency Report Released by RootData

RootData has launched a series of events showcasing companies in the crypto industry, focusing on transparency as a key criterion. According to ChainCatcher, the first report highlights the crypto custody sector, revealing that the total funding for companies in this area exceeds $3.68 billion. Leading the sector with transparency scores above 80% are Copper, BitGo, Anchorage, Cobo, Zodia Custody, Hex Trust, Amina, and CheckSig. Companies such as Ceffu, Cactus Custody, and BDACS have transparency scores ranging from 70% to 80%. Meanwhile, Custodia Bank, Surus, Finoa, Xapo, Komainu, and SCRYPT Digital scored between 60% and 70%. More than 60 other crypto custody companies have transparency scores below 60%. Many of these companies struggle with market competitiveness due to insufficient funding and low transparency, resulting in diminished customer interest. RootData's transparency scores are based on factors such as investor background, team completeness, roadmap delivery, and media presence. Higher scores indicate stronger project stability and capability.