A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, t
investors also choose to keep their assets in a trust because they are further protected from some of the risks associated with traditional services. Trusts are also used for an added layer of protection and privacy.
In the digital economy
, many trust companies are able to provide institutional-grade custodial
controls for a variety of assets, including additional security and protection from counterparties
, hacking, and theft,
as well as provide greater transparency and reporting.
Trust companies are hired to act as fiduciaries, and hence, they can make all of the investment decisions and work in the best interest of its client. This is helpful to those who are inexperienced and lack knowledge of the digital economy.