Digital Asset Fund Advocates For Enhanced Security Measures

According to BlockBeats, on February 22, the Pacific Waterdrop Digital Asset Quantitative Fund recommended that the industry adopt more compliant and secure solutions to prevent severe threats to asset security, similar to the hacking incidents experienced by Bybit. The proposed solution involves conducting trades on major trading platforms while storing all encrypted assets with third-party licensed institutions, ensuring institutional-level security custody. An asset mapping mechanism is employed between the fund's trading platform accounts and the custodial institutions, which guarantees the safety of fund assets even in the worst-case scenarios involving trading platforms. The recent crisis has had no impact on the fund's operations.