Original | Odaily Planet Daily (@OdailyChina)

Author | Wenser (@wenser2010)

On June 18, the stablecoin regulatory bill "GENIUS Act" was officially approved by the U.S. Senate, further accelerating the mainstreaming of cryptocurrency. On June 19, Binance founder CZ stated that every platform should have a "will function" to facilitate the distribution of assets to designated accounts according to specified proportions after a user's death. These two seemingly unrelated events reflect one of the current market's hot demands: cryptocurrency asset custody. Unlike traditional asset custody, which has matured and has a market scale of trillions, cryptocurrency asset management is still a developing frontier, leading to a strong demand from different clients for institutional asset management, estate inheritance, and trading management, all of which urgently require a reliable asset management platform.

At the same time, a security document titled “Web3.0 Cryptocurrency Exchange Security Risk Guide” has brought a platform called NexVault to the forefront. It is reported that this platform has an asset management scale exceeding $2 billion, with clients including cryptocurrency exchanges, investment funds, family offices, quantitative institutions, and high-net-worth individuals. The business is currently experiencing rapid growth and is expected to open a new chapter for cryptocurrency asset custody. Odaily Planet Daily will provide a detailed introduction to the NexVault platform in this article for users with related needs as a reference.

Frequent Security Incidents in Cryptocurrency: New Challenges for Asset Custody

The security of assets in the cryptocurrency industry has always been a major focus. Especially after incidents this year where the cryptocurrency exchange Bybit was hacked by the Lazarus Group, resulting in a loss of $1.5 billion, Infini suffered a $50 million theft by an insider, and the SUI ecosystem DeFi protocol Cetus lost $60 million, the security of cryptocurrency assets now faces not only traditional threats such as phishing, on-chain poisoning, and social engineering attacks, but also more complex new challenges related to traditional asset conversion, internal team management, and ecological security collaboration.

As of April this year, the cumulative losses from cryptocurrency hacking attacks have reached $1.74 billion, exceeding the total of $1.49 billion for the entire year of 2024. Additionally, on-chain security analysis firm PeckShield monitored approximately 20 major cryptocurrency security incidents in May 2025, resulting in total losses of $244.1 million. In less than half a year, the overall losses from cryptocurrency security incidents have approached $2 billion, and the frequent occurrence of security incidents has raised higher demands for asset management models among various market participants.

Whether it is traditional institutions preparing to make a significant entry into the cryptocurrency industry, cryptocurrency exchanges, cryptocurrency investment funds, and institutions with a certain scale of funds, or Crypto Families (families with substantial cryptocurrency assets), including quantitative institutions that frequently engage in high-frequency trading and individual cryptocurrency traders, all require a new, secure, trustworthy, and efficient asset management solution in today's volatile cryptocurrency market.

The emergence of NexVault will provide the industry with a brand new solution.

Unveiling NexVault: The Next Generation of Cryptocurrency Asset Management Vaults

To discuss the industry track, one must first clarify the industry standards, which is precisely the direction NexVault is focusing on.

According to members of the NexVault team, the project name NexVault combines the words Next (next generation) + Vault (vault), emphasizing that "NexVault is not just a self-custody wallet for cryptocurrency assets, but also the standard for the next generation of cryptocurrency asset vaults." This represents a comprehensive evolution of cryptocurrency asset management from asset storage, security management, inheritance planning, to enterprise-level risk control systems.

It is understood that the founder of the NexVault team is former Huobi Security Vice President L14ng, who has managed cryptocurrency assets worth hundreds of billions of dollars and has rich experience in cold and hot wallet security architecture; NexVault's CSO (Chief Security Officer) Rick Chen has worked in several cryptocurrency security projects and risk control companies, focusing on cross-chain risk control and enterprise-level cryptocurrency compliance strategies.

The overall team of NexVault has over ten years of experience in cryptocurrency security and enterprise system architecture, with the platform's asset management scale exceeding $2 billion, and it has maintained a "0 asset loss" record since its system launch. It must be said that achieving this in the cryptocurrency industry, which is fraught with crises, is quite remarkable.

Behind this achievement is NexVault's effort to address many industry ailments, specifically, the current user pain points include:

• The enterprise asset management chain is lengthy with many weak links, making fund operation complex and high-risk;

• The security of large-scale assets for investment institutions, investment funds, and family offices is tied to independent wallets;

• Quantitative institutions and individual traders are active on-chain, but face challenges such as difficulty in tracing operations and managing permissions.

It can be said that NexVault provides not just a self-custody wallet for assets, but a standardized asset operation system aimed at institutions, enterprises, families, and even individuals and future finance. From identity permissions, risk control audits to inheritance succession, NexVault's solution shifts asset management from a previous heavy reliance on "human governance" to a more reliable "rule governance," aiming to ensure that every on-chain asset can flow as safely, orderly, and controllably as assets in a bank account.

NexVault's "Four Major Treasures": Customized Solutions for Different Groups

According to official statistics, the NexVault platform currently manages over $2 billion in assets, with custody clients mainly concentrated in four categories:

• Institutional and fund clients (approximately 40%): including cryptocurrency exchanges, investment institutions, market makers, etc.;

• Family offices and high-net-worth individuals (approximately 30%): this group focuses more on long-term allocation and inheritance solutions;

• Quantitative teams and professional traders (approximately 20%): they have extremely high requirements for fund risk control and trading efficiency;

• Cryptocurrency natives and individual users (approximately 10%): this group has higher demands for asset security.

For different client groups, NexVault's targeted four major solutions include:

• Enterprise Cryptocurrency Wallet: A corporate wallet solution designed to lower the threshold for using cryptocurrency assets, improve financial efficiency, and provide full-process security guarantees, offering multi-role decentralized control, fund approval processes, signature security controls, organizational fund isolation, financial data management, personnel risk prevention, and customizable labels.

• Enterprise Cold Wallet: The "vault" for corporate cryptocurrency assets, supporting local generation of mnemonic phrases and offline transaction signing, ensuring that mnemonic phrases are never exposed to the internet, combined with multi-signature and permission approval mechanisms to achieve extreme security protection for assets.

• Family Cryptocurrency Asset Wallet: An asset management tool designed for long-term holding scenarios, enabling self-custody of mnemonic phrases, family joint management, and intergenerational inheritance, supporting various backup mechanisms, setting heirs and inheritance processes, multi-recovery mechanisms, and on-chain quality asset allocation and yield management.

• One-Stop Trading Management: Providing a safer asset management method for asset management institutions and quantitative trading teams, supporting flexible trading risk control and data profit and loss analysis capabilities, allowing for monitoring of risk exposure and alert methods, one-click position splitting, trading drawdown, etc., ensuring TEE secure storage, readable and auditable trading information, and unified management of multi-platform data and profits and losses.

It is worth mentioning that NexVault supports native multi-signature capabilities across 13 mainstream public chains, including Bitcoin, Ethereum, Solana, Tron, and BNB Chain, as well as asset integration across multiple platforms (such as Binance, OKX, Deribit, etc.), providing a unified global asset view for easy management of multi-signature assets, on-chain assets, and exchange assets.

Regarding the security guarantees that asset management users are most concerned about, NexVault has also established multiple security strategies:

• Core modules have been audited by well-known security firms in the industry, such as SlowMist;

• The platform includes full-chain audit records and signature traceability mechanisms;

• For enterprise clients and high-net-worth users, customized professional solutions are provided;

• In extreme events, pre-set emergency asset freezing and recovery mechanisms ensure that user assets are protected from permanent loss risks.

NexVault CSO Rick Chen stated: "NexVault's goal is to ensure that client funds remain trustworthy even in the event of unexpected occurrences."

In addition, NexVault plans to launch more functional modules integrated with traditional financial systems (such as ERP, family office tools, cryptocurrency asset inheritance) in the future, further supporting AI, AI Agent, and other autonomous asset management operations, increasing the flexibility and convenience of asset management models while ensuring asset security.

Next Generation Cryptocurrency Asset Management Platform NexVault: Simple, Secure, Diverse

It is understood that NexVault's current business focus is mainly concentrated in regions such as Hong Kong, Japan, South Korea, Southeast Asia, and Europe and the United States, with the primary target audience being high-net-worth individuals and highly active investment institutions. This also provides potential for the platform to further expand its business reach.

At a critical juncture where the global cryptocurrency population exceeds 500 million, NexVault, which aims to build the next generation of cryptocurrency asset management platforms, still appears to embody a somewhat "simplicity in complexity" philosophy—

• Simplicity: Use convenient and efficient platform features to serve non-crypto native users, lowering the threshold for self-custody, access, and management of crypto assets;

• Security: Uphold a strong awareness of security baseline, reinforcing asset security through aspects such as signature methods, signature private keys, permission isolation, transaction information checks, target address risk checks, transaction simulation execution, and support for mainstream hardware wallets;

• Diversity: Provide diverse solutions for diverse users, whether it’s the inheritance function for individual and family users or the privatized deployment solutions for institutional users, showcasing NexVault's rich experience and open innovation in crypto asset management. Moreover, NexVault can offer customized custody, risk control, and auditing services for different clients, truly "thinking what users think and doing what users have not done."

In terms of expanding the cooperation landscape, NexVault will also expand its API ecosystem to support more crypto native protocols and Web2 enterprise ports. In this regard, NexVault will attend the IVS Crypto 2025 event held in Tokyo, Japan from July 2 to 4, where it will announce more platform feature updates and future development roadmap.

Conclusion: NexVault Will Become the Bridge Between Web2 ↔️ Web3 Asset Management

Despite the accelerating mainstreaming of cryptocurrency, the industry still lacks various infrastructures: such as a unified account management system, clearly defined asset boundary systems, and privatized infrastructure solutions that meet the personalized needs of enterprises, institutions, and large family offices. Due to the significant differences between crypto assets and traditional assets, there remains a chasm that is difficult for ordinary people to cross between the Web2 asset management field and the Web3 asset management track. NexVault thus emerges to fill this gap. Moving forward, while adhering to its own asset management security system, NexVault is expected to become a bridge connecting on-chain and off-chain, freedom and compliance, thereby truly opening the golden age of the Web3 financial system.

Finally, I will conclude with three pieces of advice from NexVault for different groups, for the readers:

• For institutions: Don’t treat "signing" as a technical action; it is the cornerstone of your asset process management.

• For family offices: Inheritance does not happen after an incident; it should be planned today and validated tomorrow.

• For quantitative traders: Always assume you will be betrayed by your own; your risk control and exit mechanisms must withstand this blow.

STAY SAFE.

NexVault Official Website Interface

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