The Risk
Banks are increasingly required by investors to support investment in digital and tokenised assets. Some banks have made the decision to enter the digital asset class, while others have announced that they will not; many more have this on their ‘roadmap’ but are delaying due to lack of knowledge, low risk appetites and lack of institutional-grade providers in the market. The problem for many is knowing which of the many emerging digital asset service providers to work with.
The Solution
Digital asset risk should be limited to the success or failure of an instrument, not the operations and support investment. Thomas Murray has created the first operational risk solution focused exclusively on the servicing and safekeeping of digital assets. Launched in 2021, it provides banks and institutional investors – asset managers, hedge funds, asset owners and others – with the information and analysis they need to invest confidently in this growing asset class.
Thomas Murray provides trusted, independent validation of service providers, ensuring that their capabilities and operational safety are fully understood and satisfy investors’ requirements throughout the lifecycle.
We safeguard clients and their communities
Petroleum Development Oman Pension Fund
“Thomas Murray has been a very valuable partner in the selection process of our new custodian for Petroleum Development Oman Pension Fund.”
ATHEX
"Thomas Murray now plays a key role in helping us to detect and remediate issues in our security posture, and to quantify ATHEX's security performance to our directors and customers."
Northern Trust
“Thomas Murray provides Northern Trust with a range of RFP products, services and technology, delivering an efficient and cost-effective solution that frees our network managers up to focus on higher Value activities.”
Insights
Insource, Outsource or Both? Finding Your Place on the ODD Spectrum
Owning the judgement, sharing the workload: a balanced look at insourced, outsourced and hybrid ODD models.
T+1 Settlement: 2026 Autumn Update
Expert analysis from Thomas Murray's Financial Market Infrastructure team of how the move to T+1 is affecting the world's markets.
How Often Should ODD Be Refreshed? A Practical Framework
Most allocators do a full ODD review every 12 to 36 months, but the right cadence depends on risk. Here's a practical five-step framework for deciding how often to review each manager.
Private Equity Has a Cyber Risk Blind Spot
Private equity has become much better at assessing cyber risk, but it may be looking in the wrong place.
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