Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian’s Director

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We have the unique competitive advantage here on a couple fronts. Number one, we have a truly diversified jurisdictional and geographic control of the vault and private key, right? No one can compete with that, and that’s very important, until we have a harmonized global regulation. Without that, this is the foolproof setup. There’s no single point of failure. It’s virtually impossible for three different jurisdictions to collude if they don’t like it. So that’s number one. Number two, we strike the right balance between centralized and decentralized. The centralized element is absolutely necessary if you want to grow an important strategic asset like wrapped bitcoin, if you want to grow by scale, you have to have a trusted party to hold billions of multi billions, tens of billions of Bitcoin, right? You cannot. I’m personally not aware of any decentralized project that can just take away your bitcoin and say, trust me, it’s always…

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