Bailment: Secure and Transparent Custody of Digital Assets

DevvDigital secures digital assets through bailment, a legally binding, non-custodial arrangement where regulated third parties hold original assets (e.g., Bitcoin), while wrapped versions circulate on DevvX. This ensures verifiable ownership, top-tier security, full transparency, and protection from custodial risk.

At DevvDigital and DevvExchange, securing digital assets is paramount. They employ an exceptionally secure and transparent process known as bailment, which goes beyond traditional custody solutions.

What is Bailment?

Bailment is a trusted legal arrangement wherein licensed and regulated third-party partners securely hold original digital assets (such as Bitcoin), while wrapped tokens representing these assets circulate on DevvX. Unlike standard custody, bailment ensures clear and legally protected ownership of these assets.

Why Bailment Matters

When assets are wrapped and placed on the DevvX blockchain, the original assets must remain securely safeguarded. Bailment ensures that:

  • Ownership is Verifiable: Ownership of underlying assets can be verified at any time.
  • Security and Insurance are Guaranteed: Assets are held exclusively by leading, regulated institutions with stringent security measures and comprehensive insurance against theft, loss, or fraud.
  • Transparency and Verification are Ensured: Bailment partners maintain verification nodes with complete blockchain records. This ensures continued access to the assets, even if DevvDigital ceases to exist or experiences disruptions.
  • Non-Custodial Assurance: DevvDigital never directly holds underlying assets, protecting them from potential bankruptcy proceedings and ensuring independent asset recovery.

DevvDigital Commitment

DevvDigital innovates beyond conventional security practices. The bailment approach of DevvDigital ensures digital assets remain fully protected, accessible, and transparently verifiable, consistently prioritizing asset ownership and the owner’s peace of mind.

Digital assets are secured with DevvDigital’s innovative bailment solution.