How Crypto Custodians Can Level-Up Compliance and Security With Solidcheck
TL;DR
• Instant MiCA-ready risk scoring for every token you hold
• 24/7 on-chain monitoring that flips exploits into push-alerts
• One audit & assessment workspace for ops, compliance and tech teams
• API hooks that feed risk data straight into your custody stack
• Cuts manual review hours by ≥ 50 % and slashes audit costs
1. Why Custodians Have a Tougher Job Than Exchanges
Crypto-asset custody platforms do far more than store private keys. They sit at the center of billion-dollar value flows, bearing fiduciary responsibility for client funds while navigating a patchwork of global regulations, BSA / FinCEN in the U.S., MiCA in the EU, BaFin rules in Germany, MAS guidelines in Singapore, and more. One smart-contract exploit, sanction-list breach, or operational misstep can trigger immediate loss of assets, cascading legal penalties, and a reputational collapse that drives clients to safer havens overnight. In short, custodians must combine bank-grade compliance, real-time cybersecurity, and bullet-proof operational resilience just to stay in business.
Common pain points custodians tell us about:
| Challenge | What it really means in ops hours |
|---|---|
| Static point-in-time audits | 2–4 weeks of external auditors combing through contracts—then the code changes next month. |
| Token onboarding | 30–60 man-hours per new asset to collect DDQ docs, chain data, AML checks, ESG factors. |
| Fragmented tooling | Security scanner, AML monitor, manual MiCA worksheet, Excel risk grid—nothing talks to each other. |
| Real-time threat visibility | Small ops teams sift Twitter feeds and Etherscan comments for hacks. |
| Reg-tech overhead | Weekly board reports & annually attested SOC 1/2, MiCA reporting, ISO 27001 evidence. |
2. Enter Solidcheck – a Compliance & Risk Platform
Solidcheck unifies automated audits, AI risk assessments, and on-chain monitoring in one dashboard built for institutional ops teams.
Key Modules Custodians Love
- Vulnerability Scanner
• Run 400+ static & dynamic checks on smart-contract bytecode.
• Supports 20+ EVM/L2 networks out-of-the-box. - DARA© Risk Engine
• Generates compliance risk scores (technical, governance, MiCA, ESG, AML).
• Outputs PDF & JSON for audit trails. - 24/7 Monitoring
• Detects mints, burns, privileged role changes, DAO proposals, exploit patterns, volume anomalies.
• Sends alerts via e-mail, Slack, PagerDuty, or webhook. - AI Review & Editor Agents
• Pre-fill questionnaires and flag discrepancies.
• Cut compliance document prep time by ~50 %. - Credit-Based Billing
• No surprise costs, buy scan & monitoring credits or an unlimited org plan.
3. End-to-End Use-Case Flow for a Custodian
3.1 Asset On-Boarding
| Step | Traditional | With Solidcheck |
|---|---|---|
| Collect contract, docs, GitHub links | Manual Google Drive, Word Docs | Drag-drop ZIP or paste contract address |
| Run vulnerability scan | External consultancy, 7–10 days | 2–5 minutes in Solidcheck |
| MiCA / ESG questionnaire | Spreadsheet, legal review | AI Agent auto-fills → compliance approves |
| Internal sign-off | E-mail chain | Built-in signature workflow |
| Time saved | — | ↓ ~25 man-hours per asset |
3.2 Continuous Monitoring & Alerts
- Risk threshold: “Alert if DARA score < 70 or market-cap drops 20 %.”
- Custom watch-lists: Whales depositing to mixers, sanctions lists, velocity spikes.
- Governance watchdog: Notifies if
pause()orupgrade()is executed on monitored contracts.
3.3 Regulatory Reporting
- MiCA Annex 2 export ready in one click.
- SOC 2 / ISO 27001 evidence: Solidcheck logs in Splunk-ready JSON.
- Board dashboard: Weekly PDF with new vulnerabilities, open action items, trend graph.
4 Architecture Fit for Custody-Grade Ops
┌────────────────────┐
│ Custody Core (HSM) │
└──────┬─────────────┘
│ REST / Webhook
┌──────▼──────┐ ┌────────────┐
│ SolidCheck │──►│ SIEM / GRC │
│ API │ └────────────┘
└──▲───▲───▲──┘
│ │ │
│ │ │
│ │ └── Risk reports (PDF/JSON)
│ └────── Realtime alerts
└────────── Continuous scans
Minimal integration: a service account, an API key, and a webhook endpoint.
No keys or wallet access ever leave your secure network perimeter.
5. Quantified ROI Example
| Metric | Without Solidcheck | With Solidcheck | Savings |
|---|---|---|---|
| On-boarding labour | 30 h / asset | 6 h / asset | -80 % |
| Audit revisit cost | $15 k / year (external) | Included in SaaS | -100 % |
| Incident meantime-to-detect | 6 h | < 5 min | -99 % |
| Regulatory fine exposure | Medium | Low | Priceless |
6. Next Steps for Custodians
- Run a Free Compliance Scan on one custody wallet → get instant DARA & MiCA score.
- Activate 24/7 Monitoring for your top-held asset (free first month).
- Invite Compliance & Security Leads to test AI Review Agent on your standard DDQ.
Ready to cut overhead, tighten security, and impress regulators?
Book a 15-minute Solidcheck demo →
See your first risk report live, no commitment.
